Accounts Receivable Factoring Company

If you are an entrepreneur who is just getting your business off the ground, then you need to be involved with our accounts receivable factoring company from the very start. Our products are some of the most flexible solutions compared to other financing companies in Canada and leave you with control to manage your bills without being intrusive. As a Toronto based premier business financing vendor, we pride ourselves on utilizing the latest technology to get the job done fast for our clients. We can approve invoices quickly and we can advance funds in a time frame that makes sense to your business.

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> What Is Receivables Financing?

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Account Receivables Factoring Services

If you require more working capital than available through a traditional lender, an Express Business Funding provides flexibility that allows you to create a predictable cash flow and obtain funding for new growth opportunities. Unlike a line of credit or term loan from a bank, our Toronto Accounts Receivable Factoring company has no set limit or term period. The funds available are primarily based on the client’s outstanding invoices. As sales increase, so do the funds available to the client. Send us your invoices after you provided the goods / services to your customer to receive immediate business funds! We can provide funds within 24 hours of receiving a valid bill, compare that to the days or weeks other factoring companies in Canada require.

The credit decision for your financing is primarily based on the strength of the client’s customer. As such, clients with limited credit strength are not limited in their borrowing potential. In most cases, Express Business Funding will advance 75-90% of the value of a client’s invoices. This provides companies with a more manageable cash flow, and allows the company to not only manage the day to day expenses but also pursue various avenues growth opportunities. Now you can focus on your business, instead of worrying about cash flow issues. The best part is, A/R Financing does not require your business to go into debt since it is purely based on money owed to your company!

How Does It Work?

After your application is approved, the next step is to set-up your account. It takes us five business days or less to get your account up and running, and we only have to do it once. With an approved account in your company’s name, we can approve an invoice and advance you the funds in 24 hours. We become the foundation for your reliable cash flow and the way that your business grows and become successful.
If you are new to the idea of invoice financing, then you may feel like this sort of program is a short term solution that may a recurring problem. But stop and think about all of the advantages this kind of program would offer if it was made a permanent part of your business process. Each time you generate an bill to a client, you submit that invoice to Express Business Funding for approval and processing. At that point, all you need to do is wait for the cash to be advanced into your account, and that wait will be never be longer than the due date on the bill.

 

What is a valid invoice?

In order to use our services, a valid invoice is required. A valid invoice is an invoice issued by the Supplier of goods or services to the Buyer of those goods or services. To become “valid” the goods or services need to have been delivered to and accepted by the Buyer. In this case, your business would be the Supplier and your customer would be the Buyer. Unlike other Ontario accounts receivable factoring companies, we leave you the option to finance a bill. Once you have a valid invoice you decide what to factor and what not to. This flexibility is uncommon. More than just control of your invoices, Express Business Funding also does not tie clients down to long and obtrusive contracts / terms and conditions.

How to get started with EBF?

Accounts receivable factoring services are actually not as complicated as one may think. It helps that Express Business Funding is a professional finance company that has been funding receivables for a very long time. We have put together a process that makes it easier on you to get the cash you need. The process begins with our simple application that you will find on our website. We work hard to respond to all applications we receive within one business day of being submitted.
Getting started with Express Business Funding is fast and easy! Simply complete our online application form: (click here to get started), and submit with a few supporting documents detailing the type of invoice factoring services you would like to have us provide to your business, and we will respond to you with a formal offering within 24 hours. Initial business funding approval can be completed within 24 hours. Completion of customer and documentation approvals and funding of initial invoices can be completed in as little as 3 to 5 business days. After which, our services are able to fund your invoices within 1 business day.

 

Minimum business volumes

Each vendor has different requirements when it comes to volumes. Express Business Funding generally accommodates clients that require anywhere from $50,000 to $5 million per month. While the minimum invoice volumes are guidelines, we are always willing to do what we can to tailor unique arrangements for growing companies in Canada that require a financing solution that is out of the ordinary.

GET THE FUNDING YOU NEED IN 24 HOURS!