Ideal for:
- Companies that are growing at a pace that exceeds their current borrowing capacity
- Companies that need a one-time or seasonal financing solution to take advantage of an immediate opportunity to grow their business
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Payment terms with a client can sometimes extend up to 180 days, leaving you with serious cash flow challenges. With our Receivables Financing option, you can access additional working capital from an under-used asset – the invoice – without having to sell equity.
Serving clients in the US and Canada, our lending decisions focus on the strength of the transaction and the creditworthiness of your buyer rather than being based solely on your balance sheet. And, you retain control of your receivables by choosing which invoices to finance. This provides total flexibility and allows for transaction by transaction financing where you can get financing for up to 85% of the invoice value, while still maintaining your relationship with the buyer. It is a great complement to the operating line you already have with your traditional bank.
Benefits
- Increases cash flow for start-up or fast growing companies
- Allows you to accept large one-time orders
- Increases your ability to finance seasonal peaks
- Allows traders to earn greater profits by creating more transactions and higher sales
Eligibility
- You are a Canadian or US based company.
- Your annual sales are between $2 million and $100 million.
- Your buyer must be either rated investment grade or eligible for accounts receivable insurance.
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