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.

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) 866-5700
392 Bay Street
Toronto, ON
 
Dundee Private Investors
(519) 672-8101
20 Queen Street West, 4Th Fl
Toronto, ON
 
RBC - Tor-Queens Quay Br
(416) 955-2777
207 Queens Quay W-Unit 120
Toronto, ON
Languages
Mandarin Chinese, Yue Chinese (Cantonese), English, French
Office Hours
Monday: 09:30 - 16:00
Tuesday: 09:30 - 16:00
Wednesday: 09:30 - 18:00
Thursday: 09:30 - 16:00
Friday: 09:30 - 16:00
Saturday: 09:30 - 15:00
Sunday: Closed

RBC - University & Dundas Br
(416) 974-2159
443 University Ave
Toronto, ON
Languages
Yue Chinese (Cantonese), English, French
Office Hours
Monday: 09:00 - 16:00
Tuesday: 09:00 - 16:00
Wednesday: 09:00 - 16:00
Thursday: 09:00 - 16:00
Friday: 09:00 - 18:00
Saturday: Closed
Sunday: Closed

Scotiabank
(416) 866-5870
145 King Street West
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) 866-3300
522 University Avenue
Toronto, ON
 
Scotiabank
(416) 866-3392
41 Harbour Square
Toronto, ON
 
RBC - Dundas & Spadina Branch
(416) 974-5580
500 Dundas St W
Toronto, ON
Languages
Mandarin Chinese, Yue Chinese (Cantonese), English, French
Office Hours
Monday: 09:30 - 16:30
Tuesday: 09:30 - 16:30
Wednesday: 09:30 - 16:30
Thursday: 09:30 - 20:00
Friday: 09:30 - 18:00
Saturday: 09:00 - 15:00
Sunday: Closed

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