Accounts Receivables Financing Canada:
Construction Factoring Company
Construction Invoice Factoring Services
Canadian Funding Solutions
If you are a construction subcontractor that often has to wait 30, 60, or 90 days to get paid by the general contractors or commercial clients you are providing services to, those slow payments may be creating cash flow problems that are hindering the growth of your company.
Express Business Funding (EBF) can help you eliminate this problem and improve your cash flow by using construction factoring. When you are factoring construction receivable, you are creating advances against slow-paying invoices from general contractors and commercial clients that gives your company the funds it needs to make payroll, pay suppliers, and, more importantly, take on new jobs.
EBF is one of the leading construction factoring companies in Canada located near Toronto, Ontario. We can help you eliminate the cash crunch caused by slower paying customers. Construction factoring could be the solution to any cash flow issues you may have. Don’t let unpaid invoices hold your business back from bidding on larger projects. We work with all sizes of construction companies, and can help recent start-ups and well-established companies alike, and progress billing is not a problem.
How does factoring work?
A construction factoring company in Canada, provides an initial advance of approximately 75% of the invoice will provide you with the immediate working capital required to meet your commitments to overhead and expenses. We then wait for your customer to pay the full amount of the invoice in their usual terms. Once the payment is received, EBF settles the transaction and rebates you the remaining 25%, less the fees earned for providing this service. Fees can range from 1.5% to 2.5% of the invoice, per 30-days.
Factoring construction receivables provides our clients with predictable cash flow.
SALES BETWEEN $50K AND $5 MILLION?
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Specializing In Construction Financing
Benefits of Our Program
A construction factoring program can provide a number of benefits to your construction firm:
- Enables you to offer net 30 to 60-day payment terms to clients with confidence
- Simple qualification requirements
- Works with small and mid-sized firms
- Can be deployed quickly to handle cash flow emergencies
Very few Canadian finance companies are comfortable factoring construction receivables. At EBF, we are construction finance specialists and can often provide construction factoring services for transactions that include: Progress payments – where payments are made upon a percentage of completion & payment retention (often termed a 10% holdback).
Express Business Funding provides services in Canada and has a strong presence in Toronto, Ontario – Calgary, Alberta and Vancouver, BC.
Why Use Express Business Funding:
- We specialize in construction invoice factoring services – just ask us and we’ll show you
- We are a direct funder and you will deal directly with the decision makers.
- No long-term contracts.
- No monthly minimums or penalties for non-usage.
- Fee are all-inclusive (no undisclosed hidden charges)
EBF can provide funding for all types of firms in the Construction Industry, including:
- Asphalt / Concrete
- Cable Companies
- Cell Tower Construction
- Demolition Contractors
- Electrical Contractors
- Fire Sprinkler Contractors
- Flooring Contractors
- Landscape Contractors
- Painting Contractors
- Paving Contractors
- Plumbing Contractors
- Roofing Contractors
- Security Firms
- Steel Fabricators
- Tile Contractors
- Underground Utilities
- Utility Companies
GET THE FUNDING YOU NEED IN 24 HOURS!