Factoring in Prince Edward Island

Need working capital to run and grow your company? Need funds to pay employees or suppliers? Factoring and purchase order funding can help you meet your current obligations and position your company for growth. We are a leading Canadian factoring company and can offer flexible financing to businesses located in Prince Edward Island. Our solutions are easy to obtain and can be set up quickly. Factoring and purchase order funding can be a great option for companies that:

  • Need working capital to pay business expenses
  • Need financing to fulfill a purchase order
  • Sell products or services to other companies
  • Can’t wait up to get paid for their invoices

Factoring rates as low as 1.5% (based on industry/volume). Get and instant financing quote by clicking here or call (877) 300 3258 to speak to an representative. (Toll free in Prince Edward Island)

Business financing options:

Invoice factoring
Invoice Factoring - Invoice factoring for businesses in Prince Edward Island that focus in the service, IT, consulting and manufacturing sectors. (See also: Invoice Discounting)
Invoice factoring
Factoring Freight Bills - Ideal for Prince Edward Island transportation companies and freight brokers. Our program can help you pay for drivers fuel and repairs.(See also: Freight bill factoring)
Invoice factoring
Staffing Agency Factoring - Staffing agency factoring is ideal for temporary staffing agencies and personnel companies. We help ensure you have to funds to meet payroll (see also: temporary staffing agency factoring)
Invoice factoring
Purchase Order Financing - Financing for resellers, wholesalers and importers. Our program ensures you have the necessary financing to pay your suppliers and deliver your orders (See also: Funding Purchase Orders)

How does factoring invoices work?

Having to wait up to 90 days to get paid by a client can be very challenging for business managers. Many times, tight cash flow can prevent you from taking advantage of new opportunities. Invoice factoring helps by providing an advance on your invoices, giving you the working capital you need to run and grow your business. The transaction is then settled once your client pays the invoice.

How does purchase order funding work?

Purchase order financing covers supplier expenses associated with a specific purchase order. It enables you to fulfill larger orders than you normally could with your current capitalization. This makes it an ideal tool for resellers and wholesalers. Like a factoring transaction, po funding transactions are settled once your client pays for the goods.

Benefits of working with factoring companies

Working with a factoring company can put your business in a solid financial footing. Some advantages include:

  • Get working capital to run and grow the business
  • Professional credit screening of your clients
  • Flexible financing that is tied to your sales

Business financing quote

Factoring rates as low as 1.5% (based on industry/volume). Get and instant financing quote by clicking here or call (877) 300 3258 to speak to an representative. (Toll free in Prince Edward Island)

Additional resources

Want to learn more about accounts receivable factoring or purchase order funding. We have a number of resources available:

You can also learn more about our services by reading the following articles:

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