Alternative Business Financing Programs:
Payroll Funding & Factoring Company
Financing: Payroll, Staffing & Recruiting
Funding With Invoice Factoring
Express Business Funding was approached with a request to factor the accounts receivables of a start-up staffing company. Because they were a start-up, they could not secure financing even though the principals had strong personal credit and had been in the industry for many years.
The client had a great contact list and a tremendous opportunity to provide contract workers to large corporations. While the profit margins were excellent, substantial funds were required to payroll all these new employees. Their large customers were traditionally slow to pay (+/- 60-days) but the contract workers needed to be paid bi-weekly.
With the help of our Ontario invoice factoring company, the client was able to build their employee base very quickly and after only 18 months had a payroll over $500,000 per month. With our Canada small business finance company, we are able to offer funding based on current month’s billings and next month’s forecast, the growth potential is unlimited.
We understand the unique challenges and opportunities associated with the staffing and recruiting industry. As a leading factoring company in Canada we working with businesses in Toronto, Vancouver and coast-to-coast to provide your businesses with the additional cash flow. We understand your business needs to take on new contract employees, submit your source deductions on schedule and increase your client base. If you operate a payroll or staffing company that is turning away new business due to a lack of funding, call us today at 1-877-323-4769.
SALES BETWEEN $50K AND $5 MILLION?
We can help!
Payroll Loans for Small Business
EBF offers a factoring programs for Payroll businesses. 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 are located in Ontario just outside of Toronto and are proud to be Canadian! We provide new and growing businesses with small business loans and alternative financing solutions at competitive low rates with flexible options. Unlike other payroll 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 currently maintains its strongest presence in Toronto, Ontario – Calgary, Alberta and Vancouver, BC. We are proud to be the first Canadian company to offer supply chain finance services.
GET THE FUNDING YOU NEED IN 24 HOURS!