Invoice Factoring Services & Financing:
Manufacturing Factoring Company
Financing Manufacturing Companies
Financing & Accounts Receivables Funding
A wall covering manufacturing company approached BDC (Business Development Bank of Canada) for financing. They had recently taken on several new product lines and needed working capital for new equipment; plus their receivables were growing faster than their line of credit. The existing bank that held the line of credit were unwilling to increase the line since the amount authorized was based on previous years’ financial results, not the coming year’s forecast.
BDC was able to provide a term loan for new equipment and introduced the client to Express Business Funding to provide funding for their growing Accounts Receivable. This new funding replaced the existing bank line and ensured appropriate working capital for the immediate growth opportunity.
EBF funded their A/R and also provided some additional short-term bulge financing which allowed them to continue to grow their business and open a second location. The following year, the advisor from BDC was able to secure the client a new and much larger line of credit from a new bank.
Our Ontario based invoice factoring company has worked with a wide range of manufacturing companies. We understand the unique challenges you face such as freight, construction payroll, staffing, and most importantly slow paying customers. If your company is turning away opportunities due to a lack of cash flow or working capital, Express Business Funding can help. We offer funding services specialized to the manufacturing industry!
SALES BETWEEN $50K AND $5 MILLION?
We can help!
Why Use Express Business Funding?
Account receivable factoring allows Canadian businesses to turn outstanding bills into fast cash, freeing up capital and allowing you to invest back into your business. Express Business Funding is an industry leader in private small business finance solutions. We provide new and growing businesses with small business loans and alternative financing solutions at competitive low rates with flexible options. Currently our strongest presence remains in Toronto, Ontario – Calgary, Alberta and Vancouver, BC. Unlike other manufacturing factoring companies in Canada, we allow our clients to prepare their own bills and we do not make collection calls to their customers!
With Express Business Funding you can multiple products under one roof, giving flexibility to make the best financial decision. Enjoy our competitive low rates and the freedom of our real-time online accounts receivable finance platform. Finance receivables you choose or take out a private business loan. We offer a number of added features and benefits to help you grow your company. Express Business Funding is also proud to be the first Canadian company to offer supply chain finance services.
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