Improve Your Cash Position
|1||Send Us Your Unpaid Invoices|
|2||Get Paid For Them Immediately|
|3||Track Your Account Online Anytime|
We have 40+ years in the business of financing receivables, helping thousands of businesses like yours resolve cash flow issues.
We make the process fast, painless & simple, cutting through the red tape in order to fund new accounts within 24-72 (business) hours.
Submitting an A/R Aging Report now allows us to rate the trade strength of your customers, and offer basic credit protection.
Factoring – more commonly referred to as accounts receivable financing – is hands down the fastest way for most businesses to quickly convert frozen assets into liquid capital.
Different from a loan, factoring is when a bank or private company (like Business Factors & Finance) purchases your unpaid invoices at a small discount, providing you with the immediate cash you need in order to grow your business – without incurring new debt or sacrificing equity.
Typical funding can be provided in as little as 24-72 business hours, from the moment you submit your first inquiry online!
Business Factors provides funding for field crews, project consulting, earthmoving, water/mud/frac-fluid hauling, pipeline work, heavy equipment transport, seismic surveying, tank resurfacing and construction, safety consulting, medic and ambulatory services, seismic slashing, landscaping, and sandblasting & painting. In most cases, we can provide funds within 48-72 hours for your next big project.
In the staffing industry, labor providers may have to pay their workforce prior to receipt of payment by clients. Close the cash flow gap using Business Factors & Finance. From general clerical staffing to IT, high tech, engineering, construction and consulting staffing, we offer high advance rates – up to 97% of open accounts receivable – to ensure workforces are paid on time, while compromising very little in the way of margin.
Business Factors & Finance understands the freight, trucking and logistics industries better than most of the competition, and our unique finance offering can help keep trucking companies and owner operators profitable and running smoothly. From container freight, flatbed trucking, heavy equipment haulers, commercial moving companies, water/frac/sand haulers and refrigerated freight to hazardous materials haulers, Business Factors ensures fast, easy cash advance of up to 92-98% of your freight bills and work tickets.
Running an agriculture business means adapting to changing needs, keeping your equipment up to date and paying your employees on time. That means everyone from grain and feed producers, distributors, produce packers, wholesalers, grain and cattle haulers, and import/exporters who have cash locked up in slow-paying accounts receivable can use invoice factoring to resolve temporary and chronic cash flow issues. Rates as low as 2.19%.
Government contracts – whether federal, provincial, municipal or state – can be very lucrative with high margins and reliable payers, but payment trends can be slow due to bureaucracy and paperwork issues. From the small, work-at-home government contractor to the large national procurement government contractor, Business Factors & Finance can provide the cash flow that you need to keep ahead of the cash demands of fulfilling a large government contract. Advance rates tend to be in the 80-85% range.
Receivables financing allows for strong cash flow, and our advance rates (up to 96% against all open invoices) simply cannot be beat. Unlike traditional loans with restrictive use covenants, you can use receivable factoring proceeds to re-invest in your business and expand marketing and operations the way you see fit. We fund high-tech manufacturing, technical consulting, IT staffing, engineering consulting, and customer support services.
From textile manufacturing, apparel manufacturing, component manufacturing, electronics manufacturing, sheet metal shops, precision machine shops, product assembly, small or large-scale manufacturing, to aerospace manufacturing, we have you covered with the cash flow that you need to compete orders on time. With advance rates up to 92%, Business Factors & Finance is nearly unrivaled in this industry vertical.
When commercial clients are slow to pay, invoice factoring can be used keep up on making timely payroll and expenses. We provide fast 24-48 hour turnaround for last-minute funding requests on existing unpaid commercial invoices (US and Canada). For more challenging, encumbered or complicated funding needs, turnaround is typically 3-4 business days. Fast, reliable cashflow for payroll – at your fingertips; rates as low as 2.19%.
Whether your company specializes in fiber-optics, underground utilities, directional drilling, cell tower construction, cable installation, telecom equipment, or even upgrading wireless networks, Business Factors & Finance is ready to be your financing partner. Expect turnaround of 48-72 (business) hours for new accounts, while established accounts can receive funding within 24 hours of a request for an advance against eligible receivables.
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“Using Business Factors’ helpful services has always been simple and fast… never any complications and always guaranteed to get prompt and satisfied results”
“Business Factors has been the water for our business tree – without Business Factors, we wouldn’t have made it this far. As soon our invoices get approved, we get paid.”
“Our company has truly benefited from the professionalism demonstrated on a daily basis by their team. From prospective client credit reviews to funding of invoices, we’ve been extremely satisfied with all aspects of our relationship.”
“Business Factors is doing an amazing job of same day funding. Awesome!”
“We have had very fast deposits with Business Factors… they receive our invoices in the morning, and by the afternoon, the funds are deposited.”
“Business Factors is fast and efficient. The stress alone of not having to wait 3 months for payment is money well spent. I invoice one day and get paid the next… awesome.”
“Business Factors has contributed to the stabilization of our company. We have been able to forge ahead and build our business very successfully over the last year thanks to Business Factors and its competent staff. “
“If every company I dealt with was as reliable as Business Factors, I wouldn’t need them!They are easy to set up an account with, thorough and up front about all the details and they move quickly when I need them. It’s been a pleasure dealing with them.”
We looked at factoring with a couple of companies and Business Factors was the easiest and most accommodating to work with. They made a significant impact on our cash flow allowing us to reinvest and grow in order to meet our increasing market demand.”