Factoring Companies in Ontario Serve Any Industry
Ontario is Canada’s long established business hub. Home to more than 400,000 small- and medium-sized businesses. Scientific and technical business innovation is heavily supported in the province, and financial investments of all kinds are plentiful. One less common way small businesses can enhance their growth, profitability and cash flow is with factoring companies in Canada or more specifically, Ontario.
Skip the Lengthy Loan Application with Accounts Receivable Financing in Ontario
Obtaining capital for your growing businesses can prove to be one of the greatest challenges in running a small business. As the old adage goes, you need money to make money. Without timely cash infusions your business is at risk of going in circles never able to really get ahead. With Ontario accounts receivable financing, your business can advance instead of running in place.
As long as you have verifiable, creditworthy customers, you can use current invoices as collateral to get paid in 2-5 business days. By partnering with an invoice factoring company in Ontario, you can unlock cash payment that is tied up in outstanding invoices and make use of that money right away. Cash from factoring receivables can be used for just about anything, including:
- Paying down debt faster and without interest charges
- Hiring new staff, including temporary or contract workers
- Better managing cash flow and working capital
- Investing in marketing or advertising campaigns for your business
- Piloting a new product or feature to see if it will sell
- Cover costs of ordinary bills and expenses, including overhead, equipment, supplies, raw materials and more
Learn more in our invoice factoring guide.
Find Oil and Gas Invoice Factoring in Ontario Too
Though a myriad of businesses abound in the Toronto region, including manufacturing, distribution, technology, transportation, and freight to name a few, it is also home to a sizable oil and gas industry. According to Canadian Association of Petroleum Producers (CAPP), Ontario is home to oil and gas wells and refining facilities but also a large number of oil and gas support businesses.
A Cross Section of Manufacturing, Oil Production and Freight Bill Factoring in Ontario
From manufacturing companies that supply goods and services to the larger industry, to freight, trucking and other transportation companies that carry supplies and equipment to natural gas wells, Canada’s most heavily populated is home to them all. Fortunately many oil and gas invoice factoring companies in Ontario understand the overlap nature of these businesses.
As a result many of these Ontario factoring companies are very familiar with the needs – and shortcomings – of every side of the business. So your firm could benefit tremendously by partnering with an invoice factoring company that is knowledge about both oil and gas as well as how manufacturing, distribution, or trucking impacts the petroleum sector. Factoring companies in Ontario can help with all of these areas that directly or indirectly impact oil and gas.
So whether your growing business is oil and gas, supports oil and gas, or is in a completely different business sector altogether, you can find suitable accounts receivable factoring in Ontario.
27 Roytec Rd #11 Woodbridge, ON L4L 8E3, Canada
250 Yonge St #2201, Toronto, ON,
5734 Yonge St. Suite 400 North York, ON M2M 4E7
5780 Timberlea Blvd. Suite #103 Mississauga, ON L4W4W8