Invoice Factoring Company

Invoice Factoring is the purchase of accounts receivable for immediate cash. You can think of it as a cash advance for businesses. It is an ideal source of funds for companies undergoing growth or that require more working capital than available through a traditional lender. It is the process by which a business sells one or more of its bills to a third party, known as a factor. As a leading invoice factoring company in Canada, we provide a superior product with greater benefits. Fill in the form to learn more about our services!

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Factoring Services – Finance

The Trusted Name In Canadian Financing

We offer some of the most competitive rates amongst alternative financing companies. Our Canada invoice factoring rates start as low as 1.49%. To receive a quote and determine what rate your business would qualify for with our services, contact our product specialists for a sales quote.
Express Business Funding, offers more than just a competitive low rates. We provide tailored and customized solutions to help your business grow. For example, should you need assistance with collections or industry specific benefits, we can help. Our company provides a number of additional benefits over the competition, and how these benefits are critical to ensuring your business reputation is upheld and you have the flexibility you need to succeed (instead of suffocating you with complicated agreements that cause you to loose control of your bills).

Best Factoring Companies – Compare

Most invoice factoring companies in Toronto (or throughout Canada for that matter) who offer accounts receivable financing operate in an intrusive manner towards clients and their customers; insisting that they, the financier, manage the entire process from bill mailing to final collection. This can often create a conflict since the Client may not have full control over when the bill is actually sent to their Customer. In these cases, the Client has lost an important level of control, and their business may pay for it.
Then, if the financier managing your account receivables insists on controlling the collection process as well. It is worth recognizing, that accounts receivable financing products generate more money for a factoring company the longer the bill is outstanding, since the fee is usually directly tied to how long it takes for the invoices to pay.

How Invoice Factoring Works?

  1. With Express Business Funding you continue with business as usual, selling your goods/services to your customers and issuing bills when the work is completed.
  2. You send us a copy of the bills you would like to finance – along with appropriate proof-of-delivery backup.
  3. We verify the bill with your customers.
  4. Once we approve your bill, your business will receive funds equaling 75-90% of the bills face value.
  5. When bills mature, customers make payments directly to us (the accounts receivable finance company) on your behalf.
  6. After payment of the bill, we pay the remaining 10-25%; less our pre-arranged service fee.
Click here to learn more about general accounts receivable funding products.

Focus on Growing Your Business!

Are you a new business experiencing growth and are in need of funds? Accounts receivable financing allows you to be paid a certain percentage of your bills face value upfront. This enables your business to plan and control their cash flow without going into debt. As a factoring company in Toronto, we help businesses in Ontario – Calgary, Alberta and throughout this great nation create predictable cash flow so your business can focus on what you do best.
Fill in the form above or give us a call to learn more about our immediate industry specialized services. Canada is full of small businesses, and in the world of business cash is king. Our clients agree that our innovative financing solutions are designed to fuel business’ growth! Receive funding approval for your business within 24 hours of a completed application form. Then all you have to do is send us your account receivables to turn those outstanding bills into capital funds.

Stay In Control: We Don’t Interfere

Express Business Funding allows their clients to manage and initiate collection of their own account receivables without the ongoing involvement of a third party. Our perspective is that the client already has a relationship with their customer and is therefore in the best position to make follow-up calls and deal with any potential disputes. Our approach is radically different: as a leading invoice factoring company in Ontario, we strive to have as little involvement as possible with a client’s customers. Our clients are allowed to manage their own accounts receivable, and unlike the other guys, we do not make collection calls to their customers.
We offer Canadian financing solutions that involves much more than just a loan rate, such as nearly immediate funding, flexible options, and complete control. There are a number of limitations when it comes to obtaining funding using banks. The bank’s funding application, approval and financing process could take months. We offer a quick approval process, and no fixed long-term contracts. Our expertise in this area allows us to provide additional flexibility, industry specialized services, and bonus services to help businesses stay focused on their growth. We are a leading invoice factoring company in Toronto with a strong presence in Ontario, Vancouver, BC and Calgary, Alberta