Accounts Receivable Factoring Company
Express Business Funding
Accounts Receivable, Business Funding, Factoring Services
Accounts Receivable Factoring
Accounts Receivable Factoring is an ideal source of business funds for growing Canadian businesses and companies that require more working capital than available through a traditional lender. Unlike a line of credit or term loan from a bank, Accounts Receivable Factoring with Express Business Funding has no set limit or term period. The funds available are primarily based on the client’s outstanding invoices. As sales increase, so do the funds available to the client. Send us invoices after you provided the goods/services to your customer to receive immediate business funds!
The credit decision for Accounts Receivable Factoring is primarily based on the strength of the client’s customer. As such, clients with limited credit strength are not limited in their borrowing potential. In most cases, Express Business Funding will advance 75-90% of the value of a client’s invoices (accounts receivable).
What is a valid invoice?
In order to use our accounts receivable factoring services, a valid invoice is required. A valid invoice is an invoice issued by the Supplier of goods or services to the Buyer of those goods or services. To become “valid” the goods or services need to have been delivered to and accepted by the Buyer. In this case, your business would be the Supplier and your customer would be the Buyer.
Minimum business volumes
Our business financing company is a leader in the Canadian invoice factoring / invoice discounting services industry, our accounts receivable factoring services generally accommodates clients that require anywhere from $50,000 to $5 million per month. While these volume requirement are guidelines, we are always willing to do what we can to tailor unique arrangements for growing Canadian Businesses that require a financing solution that is out of the ordinary. Express Business Funding offers competitive low rates, starting at just 1.25%.
How to get started with EBF?
Getting started with Express Business Funding is fast and easy! Simply complete our account receivables factoring application (click here to get started), and submit with a few supporting documents detailing the type of invoice factoring services you would like to have us provide to your business, and we will respond to you with a formal offering within 24 hours.
How long to receive funds?
Initial business funding approval can be completed within 24 hours. Completion of customer and documentation approvals and funding of initial invoices can be completed in as little as 3 to 5 business days. After which, our accounts receivable factoring services are able to fund your invoices within 1 business day.
, Accounts Receivable Factoring
, Accounts Receivable Financing
, Business Funding
, Factoring Services
, Purchase Order Financing