Explore Invoice Factoring Companies in Canada

Invoice factoring is the leading cash flow accelerator, helping startups and established businesses across all industries grow and thrive. Factoring Companies Canada can help you find and compare factoring companies that can not only give you the funding you need but also offer tailored services to meet your unique business needs.

Get Information About Factoring

Factoring is a sensible alternative finance solution that turns your B2B invoices into immediate cash. You can find everything you need to know about invoice factoring and what it entails with our helpful factoring guide, including details on how factoring works, the benefits of factoring, how to choose the right factor, and so much more!

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Find a Factoring Company

There are hundreds of invoice factoring companies to choose from in Canada. Each one offers unique benefits and services, and many tailor their offerings to specific industries. Eliminate the research and guesswork by allowing us to match you with a factoring company that aligns with your needs and goals.

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Discover Invoice Factoring Companies in Canada

Whether you’re the owner of a startup or a fully established company, invoice factoring can help you get the cash flow you need to support your growth and operations no matter what industry you’re in. With help from Factoring Companies Canada, you can find and compare factoring companies that can not only give you the funding you need but can target their services to meet your unique business needs.

Need More Information About Factoring?

Factoring is a sensible alternative finance solution that turns your invoices into immediate cash. You can find out everything you need to know about invoice factoring and what it entails with our helpful factoring guide that gives you insight into how factoring works, the benefits of factoring, how to choose the right factor, and so much more!

REVIEW THE FACTORING GUIDE

Looking For a Factoring Company?

With hundreds of invoice factoring companies to choose from in Canada, business owners are spoiled for choice. You can ensure that you are making the right decision by browsing through our list of local, industry-specific factoring companies and comparing their services to see which company most closely aligns with your business goals.

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Key Benefits of Factoring

Factoring accelerates cash flow by providing instant payment on your B2B invoices, so you’re no longer waiting weeks or months for client payments to arrive. It’s quicker, easier, and more flexible than a business loan, plus it doesn’t create debt your business must pay back. No more waiting for slow payments or worrying about cash flow. With factoring, you have the financial flexibility to take your business to the next level, boost your bottom line, and be free to focus on what you do best.

Fast and Easy Approval

Get approved in as little as a day. Most businesses qualify.

Access Capital Quickly

Same-day payments are available or get paid in 24-48 hours.

No Debt on Your Balance Sheet

Factoring is not a loan, so no debt is created.

On-Demand Flexible Funding

Leverage factoring when you want, how you want.

How Does Factoring Work?

Factoring is simple. You sell your unpaid invoices to a factoring company at a discount and receive an advance on their total value. The factoring company will give you most of the invoice’s value up front and collect payments from your customers while you focus on running your business. Take control of your cash flow and level up your business with factoring’s streamlined four-step process.

Deliver Goods or Services

Deliver your goods or services and invoice your clients using your usual process.

Submit Invoice

Submit any invoices you want to be factored along with any relevant paperwork to your factoring company.

Receive a Cash Advance

Once your factor has reviewed your documents, they will send you up to 95 percent of the total invoice value, usually within two business days – sometimes sooner.

Focus on Your Business, Not Collections

The factoring company will collect payments on the unpaid invoices. You’ll then receive the remaining sum, minus a small factoring fee.

Features Offered by Factoring Companies

In addition to providing immediate payment on your invoices, factoring companies offer a variety of additional features to save you time and money.

Select a feature below to learn how it works:

Freight Factoring

Easy Approval Process

Spot Factoring

Recourse or Non-Recourse

Factoring Line of Credit

Online Portals

Payroll Factoring

Mobile Applications

Tire Discount Programs

Equipment Leasing & Financing

Fuel Advances

Collections Services

Account Manager

24×7 Access

Invoice Preparation

Credit Checks

Fuel Discount Cards

Commercial Credit Cards

Roadside Assistance

Insurance Premium Financing

Asset-Based Lending

Load Board

Notification or Non-Notification

Industries Served by Factoring Companies

Invoice factoring works for most B2B businesses. Select your industry below to learn how factoring can help solve your unique challenges.

Security Guard Companies

Printing Companies

Technology Companies

Service Providers

Consultant Companies

Furniture Companies

Pallet Manufacturers

Maintenance Companies

Manufacturing Companies

Machine Shops

Janitorial Service Companies

Import Export Companies

Government Contractors

Food Manufacturing Companies

Temporary Staffing Companies

Automotive Companies

Freight Brokers

Wholesale Distributors

Permanent Staffing Companies

Oilfield Services Companies

Motor Carrier Companies

Trucking Companies

Construction

Healthcare

About Factoring Companies

Over the years, Factoring Companies has built up a comprehensive list of some of the top factoring providers in Canada. As a factoring guide, our goal is to connect businesses, no matter what size they are or what industry they operate in, with the best financial partner for their needs. We hope to do this by becoming the one-stop resource for everything related to factoring your accounts receivable in Canada.

Choosing the right factoring company is a commitment that shouldn’t be taken lightly, but we are here to give you all the details and data you need to make an informed decision.

To help you become more familiar with the factoring process, and how it works, we have compiled a comprehensive Factoring Guide that gives you all the information you need. You can learn everything you need to know about invoice factoring, from what you can expect to find in your factoring agreement to how to select the right type of factoring for your business. You can also check out the Insights section to continue learning, get business management tips, and more.

If you would like to take the hassle out of the research, we’re happy to get you a free rate quote from the best factoring company for your unique business need needs.

Latest Insights

How to Spot Potential Roadblocks in a Factoring Agreement

Uncover potential hurdles in the factoring agreements. Navigate terms, fees, and clauses for smoother transactions with these insights.

How Technology is Streamlining Factoring

Tech is making factoring faster, more accessible, and more efficient. Learn how businesses are benefiting and explore the latest developments here.

Manufacturing Factoring for Capital: A Detailed Guide

Invoice factoring helps manufacturers improve cash flow, manage working capital, and maintain financial stability without adding debt. Learn how in this guide.

Learn More About Factoring

What is Factoring?Factoring Companies Canada

What is Factoring?

Factoring is a financial solution that allows businesses to sell their outstanding invoices to a third-party company, known as a factor, in exchange for immediate cash. The factor advances most of the invoice’s value to the business and then collects payment from the customer on the outstanding balance. Factoring can help businesses address short-term cash flow needs, free up time and resources, and simplify invoicing and collections.

How Does Factoring Affect the Factoring Client’s Customers?Factoring Companies Canada

How Does Factoring Affect the Factoring Client’s Customers?

If you choose to factor your invoices, the factoring company will send a Notice of Assignment to your customers to let them know that they will be assuming ownership of the invoices. Many of your clients may already be familiar with the invoice factoring process. Their original service contract will still be with you; the only thing that is changing is where they will be sending their payments. Finding a reputable factoring company that will handle your clients with professionalism and will communicate these changes clearly and transparently will help minimize any confusion and potential negative impacts.

How is Factoring Different From a Bank Loan?Factoring Companies Canada

How is Factoring Different From a Bank Loan?

When companies need financing, a traditional loan is usually their first thought, but there are many times when invoice factoring is the better choice. While a bank loan requires extensive collateral and a strong credit history, invoice factoring does not require collateral, and even smaller or newer businesses can apply. This is because, instead of looking at your personal or business credit score, the factoring company is more concerned with how likely your customers are to pay their invoices. the approval process for a bank loan is often lengthy and strict, but you can get approved for invoice factoring on the same day and get your cash advance soon after.

How Can Factoring Help a Business?Factoring Companies Canada

How Can Factoring Help a Business?

Factoring is one of the most useful financial tools available to companies that need a cash flow boost. It provides businesses with immediate access to cash that can be used to cover their short or long-term expenses such as payroll, inventory, supplier payments, or even supporting business growth. It eliminates the need for businesses to wait for slow-paying clients, which reduces financial stress and improves your bottom line, all without creating debt. You will be able to expand your operations, offer more flexible payment terms to clients, and invest in new opportunities. Plus, because you will have cash on hand, you can pay your suppliers earlier, which can improve your credit score and may help you qualify for early payment discounts to save money. In addition to collecting invoice payments, some factoring companies offer back-office support such as invoicing, reporting, and AR management, which will free up your time so that you can focus on business areas that need your attention more. In short, factoring is an easily accessible, debt-free financing solution that can help you address your cash flow issues, support your growth, and simplify your financial processes.

Who Uses Factoring?Factoring Companies Canada

Who Uses Factoring?

Factoring is available to almost all B2B businesses. If you provide goods or services and invoice another business for them, you can sell your invoices to a factoring company for a fast advance on their balances. Factoring is used every day by businesses of all sizes, whether they are small businesses, startups, or fully established corporations. Factoring is available to businesses in almost all industries, though you’ll often find factoring companies that specialize in supporting: