Who qualifies for factoring?
If your company has receivables from creditworthy customers, you're eligible for invoice factoring.
Factoring solutions for businesses in Canada and the USA can be ideal if you're:
- having trouble getting capital from traditional lenders because of an over-leveraged balance sheet or recent operating losses
- a start-up company with no financial base
- a high growth business that's growing faster than your cash flow
- a business in transition
Companies of all sizes and varying types take advantage of receivables factoring to free up cash flow and take away the hassle of checking credit scores and chasing receivables.