Accounts Receivable Financing is commonly referred to as factoring. Factoring
provides your business with immediate cash based on its accounts
receivables.
New
clients begin by completing a client application form. Once this is received and
our due diligence has been completed we open your account. This process takes
approximately seven days.
After
your account is open, we advance up to 85% of the value of your current
invoices. When we receive the cheque from your client, we forward the balance of
the payment to you, less our fee.
Once your client has received your invoice, you simply fax a copy of the invoice and
it will be funded within 24-48 hours.
You can factor some or all your invoices for as long as you require,
depending on your cash flow needs.
