Ontario Factoring Companies

Ontario Factoring Companies

See all the factoring companies in Ontario. Each FactoringClub listing has descriptions, terms, credit facilities, featured services and more.

Bridging Factor

BridgingFactor Inc.

2020 Winston Park Drive, suite 300, Oakville, ON, Canada
$25,000 - $3,000,000
BridgingFactor is a factoring and purchase order financing company with expertise in business financing; providing flexible solutions that give you freedom.
Bridging Factor

BridgingFactor Inc.

2020 Winston Park Drive, Suite 300, Oakville, ON, Canada
$50,000 - $10,000,000
BridgingFactor is a factoring company with unequaled expertise in business financing. We provide flexible factoring solutions giving you incredible freedom.
Accutrac Capital

Accutrac Capital Solutions

4711 Yonge Street, Toronto, ON
$5,000 - $5,000,000
Accutrac Capital is a factoring company dedicated to trucking companies. We combine the industry’s lowest rates with superior customer service.

Ontario Invoice Factoring

With bank financing difficult to obtain, small business are relying heavily on Ontario factoring companies for their cash flow needs. Ontario is the largest economy in Canada, with a GDP nearly twice that of Quebec, which is Canada’s second largest economy. Located between Toronto and Waterloo is the world’s second largest innovation center, second only to California’s Silicon Valley. The area employs nearly 300,000 tech workers and represents over 60% of Canada’s high tech industry.

Invoice factoring is an attractive financing option for small businesses in Ontario. Instead of waiting weeks or months for a bank loan approval, your business can get invoice factoring in a matter of days. Initial funding is usually available within 5 to 10 days. Factoring companies buy your invoices and send you payment within 24 to 48 hours. You no longer have to wait 30 to 90 days to collect receivables from your customers. Factoring companies also handle all your collections and receivables management.

Accounts receivable factoring benefits include

  • Quick and easy approval, often within a day or two.
  • Initial funding within 5 to 10 business days.
  • No hassle with debt or loan repayments.
  • Outsource your accounts receivable management.

Businesses looking for accounts receivable factoring should research Ontario factoring companies. Factoring Club is the best source of information to find the right factoring company.

Work with an Ontario Factoring Company

  • Accounts Receivable Factoring Step One

    Provide Goods or Services to Your Customer

    Deliver your product or complete your service for your customer.

  • Accounts Receivable Factoring Step Two

    Send Your Invoices to Your Factoring Company

    Send your fresh invoices to your factoring company.

  • Accounts Receivable Factoring Step Three

    Get Funded Immediately

    Your factoring company buys your invoices and wires you 80% to 95% of the invoices within 24 to 48 hours.

  • Accounts Receivable Factoring Step Four

    Receive Final Payment

    Your factoring company collects the receivables from your customer and remits the remaining invoice amount less fees to you.

Ontario Businesses benefit from Invoice Financing

Improved Cash Flow

Eliminating your receivables days outstanding significantly speeds up your cash flow.

Receivables Management

All the accounts receivable functions including accounting, collections and reporting are usually done by the factoring company.

Credit Services

Factoring companies typically analyze the credit scores and suggested credit limits for your customers.

No Debt or Loan Payments

Invoice factoring prevents you from incurring risky debt or hassling with loan repayments.

Easy to Qualify

Invoice factoring doesn’t required a history of profitability, spotless credit or a long application process.

Peace of Mind

Stable cash flow gives you the comfort and peace of mind to enjoy running your business.

FactoringClub Resources

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