Startup Business Loans:
Private Loans For Small Business
A distributor and installer of high-efficiency lighting products had a complicated cash-flow issue. They were importing lighting products from overseas, delivering them to client locations, and then installing them on a very precise schedule. The overseas manufacturer needed to be paid for the product as soon as it landed in Canada, but according to the terms of the purchase order issued by the customer, the client could not invoice the customer until product was delivered and installed.
Express Business Funding (EBF) purchased the client’s existing accounts receivables thus creating a factoring company relationship. Then EBF agreed to provide Purchase Order Financing by purchasing the product once it arrived in Canada, maintained ownership while deliveries and installations took place, then provided factoring services of the invoices issued to the customers once deliveries were completed.
The client was able to continue to take on larger and larger orders knowing that funding would continue to be in place, and that it would be based on the strength of the buying customers.
More Important Info
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 in Canada and alternative financing solutions at competitive low rates with flexible options.
SALES BETWEEN $50K AND $5 MILLION?
We can help!
Our strongest presence currently remains with companies in Ontario and Alberta. Unlike other alternative financing services for technology companies, we allow our clients to prepare their own bills when factoring receivables 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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