Factoring Canada

If you have a Canadian business of any kind, you have probably experienced the customer that placed a large order, and you need cash right now to pay your suppliers to complete the order. You probably have also experienced those customers that take 30, 60, 90, and even up to 120 days to pay on their invoices, causing the cash shortage in the first scenario. Instead of living day to day hoping that you will have enough cash to fund every project and fill every need, we can help you solve your cash flow problems once and for all and without incurring any debt.

Here, at 1st Trust Factoring, we offer a service called factoring Canada that can give you the liquid cash that you need to operate your business more comfortably. Many businesses in the past have had to rely on loans from a bank or creditor to get the capital that they needed to run their business effectively. This is difficult because many small and medium sized businesses just aren’t in the position to pay on a loan or get a loan.

Our factoring Canada service has made it possible for Canadian based businesses to obtain the working capital they need to flourish and grow. Now you can take your business to new heights without taking on more debt and the expenses that go along with it. To make our factoring Canada program work for you, you simply need to fill out a simple application. When you apply, you will not have to submit to a credit check, as this is not a loan and your unpaid invoices act as your collateral or asset.

Once your application is approved, the factoring company can issue your initial funding on your unpaid invoices within approximately 10 days. After this initial funding, you will be in the system, and your funding will be issued usually within seven days. Usually, you are paid up to 70 to 90% of the gross value of those unpaid invoices that you have, giving your business the cash it needs now instead of waiting for slow paying clients to pay. After your invoices or receivables are purchased, the factoring company waits for payment from your customers. After your customers pay their invoices, the factoring company sends you the balance that was held for uncollectible accounts, minus a small fee for the service.

As you can see, this is a fast and easy way to relieve the stress of cash flow issues that you are currently experiencing. Within a week, you will be able to pay your bills, overhead, suppliers, and payroll with ease. This is simply a way to get the cash that you need right now instead of waiting and waiting.

Do not waste another minute. Right here at www.1sttrustfactoring.com you can apply for these services. The application is simple, and within days you can turn your financial situation around. We look forward to hearing from you very soon!