Factoring Toronto ON

Factoring is an alternative that businesses use when they need to generate positive cash flow to keep business running without having to take out a business loan. A factoring transaction is basically the sale of accounts receivable invoices at discount. There are three parties involved seller, factor and debtor. Once transaction occurs seller should never collect the payments made by the account debtor because it becomes factor’s responsibility. The receivables invoice is considered a financial asset that goes through a 3-step process; the factor will give seller an advance for invoices, then once debtor pays factor-factor will pay remaining reserve to seller, and lastly factor collects fee from seller. It’s a smart option only to be used when really needed. Here you will find competitive rates for factoring from the invoice factoring companies in Toronto, ON listed below.

BMO Bank of Montreal
Front Street West
Toronto, ON
Type
ABM

RBC - Tor-Adelaide & York Branch
(416) 974-7100
130 Adelaide St W-Suite 105
Toronto, ON
Languages
English, French
Office Hours
Monday: 08:30 - 16:30
Tuesday: 08:30 - 16:30
Wednesday: 08:30 - 16:30
Thursday: 08:30 - 16:30
Friday: 08:00 - 17:00
Saturday: Closed
Sunday: Closed

Scotiabank
(416) 866-6430
40 King Street West
Toronto, ON
 
Scotiabank
(416) 866-5870
145 King Street West
Toronto, ON
 
RBC - Tor-University & College Br
(416) 542-1508
101 College St-Suite 130
Toronto, ON
Languages
English, French
Office Hours
Monday: 09:00 - 16:30
Tuesday: 09:00 - 16:30
Wednesday: 09:00 - 16:30
Thursday: 09:00 - 16:30
Friday: 09:00 - 16:30
Saturday: Closed
Sunday: Closed

Scotiabank
(416) 866-4612
292 Spadina Avenue
Toronto, ON
 
Scotiabank
(416) 866-6591
222 Queen Street West
Toronto, ON
 
Byron Securities Limited
(416) 867-9800
357 Bay Street, Suite 800
Toronto, ON
 
RBC - King & Spadina Branch
(416) 581-0155
434 & 436 King St W-Units 5 & 6
Toronto, ON
Languages
English, French
Office Hours
Monday: 09:30 - 16:30
Tuesday: 09:30 - 16:30
Wednesday: 09:30 - 16:30
Thursday: 09:30 - 18:00
Friday: 09:30 - 17:00
Saturday: 10:00 - 15:00
Sunday: Closed

Scotiabank
(416) 866-6645
110 Spadina Avenue
Toronto, ON
 
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