We Turn Quality Invoices Into Immediate Cash For Your Business With Asset Based Factoring
By FACTORING credit-worthy receivables, your factor can generate working capital for you without the need to borrow. Factoring is a viable financial bridge. It allows your business to get back on track with existing lenders and offers a realistic opportunity to stabilize financial situations.
No Time-Based Contract
There is no obligation to factor for any minimum length of time and there are no minimum monthly fees. No cost or penalty is applied whenever the client decides to stop factoring. There is a once off set up fee covering the costs for doing the searches, registering securities and for drawing up the legal documents.
All of iFactoring Canada’s clients make more money by factoring their receivables than its cost. The cost varies from approximately 2% to 4%, depending on monthly factored sales volumes, customers, the age and size of the invoices and the time taken by the customers / debtors to repay the invoices etc.
