Do you own a small or medium sized business? Then you know that obtaining business financing in Canada has not been an easy task. Until very recently, the Canadian business financing scene was dominated by banks and large institutions. They were always willing to provide business loans and credit to large businesses. But what about small and medium sized business owners, who could not easily qualify for a business loan?
Until recently, you were out of luck. But this is changing, now factoring companies have been setting up shop in Canada, offering their business financing and invoice discounting services to small and medium sized business owners across the country.
Do any of these sound familiar?
1. You do business with large commercial clients. They pay slowly and that is hurting you
2. You need money to pay salaries and suppliers
3. You are turning large orders away because your funds are tied up in slow paying invoices
Although these problems appear different, they have a common root. You have slow paying clients and they are affecting your business. The solution to this problem is to accelerate client payments using invoice...
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