Question 1

Factoring

Accepted Answer

Factoring is a reliable financing solution that helps you turn your accounts receivables into immediate cash to help cover expenses, pay bills on time, and invest in your business.

Say goodbye to long 30/60/90 days terms and get paid in just 1 or 2 days. This is an effective way to ensure your business has the liquidity it needs to thrive. Don't let cash flow issues hold your business back any longer. Factoring will allow your business to grow limitless. 
 
Small to mid-size businesses facing cash flow challenges because they cannot wait the usual 30 to 90 days for customers to pay invoices. 
Annual revenues of $500,000 to +$40 million. 
 
Facility Size:  Typical size of line from $100,000 to over $15 million.

Question 2

Purchase Finance Program (PFP)

Accepted Answer

PFP is the perfect financing solution for businesses looking to procure goods or equipment on more favourable terms. With PFP, you can rest assured that your existing bank financing security structure won't be interfered with. We work seamlessly with your bank to help you increase your lines of credit, so you can focus on growing your business.

Don't let financing hold you back, PFP will take your business to the next level. 
 
Clients typically tap into this solution when they need more working capital to support growth, being able to fulfill larger orders or to take advantage of time-limited offers i.e. a bulk sale through their supplier network. 
Annual revenues of $500,000 to +$40 million. 
 
Facility Size: Minimum transaction size of $100,000.

Question 3

Purchase Order Finance (PO)

Accepted Answer

Purchase Order Finance helps you fund the production, importation, and distribution of finished goods or value-added products, manufactured by a third-party supplier.

We’ll help you secure the funding you need to bring your products to market, whether your supplier is domestic or foreign. 
 
Target Client: Small to mid-size companies with large purchase orders. 
Annual revenues of $500,000 to +$40 million 
 
Facility Size:  Minimum annual volume $300,000

Question 4

Asset  Based Lending (ABL)

Accepted Answer

With our ABL lines, your collateral such as accounts receivable, inventory or equipment determines the amount of financing available to you, providing you with the flexibility and support you need to achieve your business growth goals.

Target Client:  Small to medium size businesses that do not qualify for bank lines or are growing too fast for a bank line to be adequate to fund their growth. Annual revenues from $2 million to +$40 million. 
 
Facility Size: Typical size of line from $1 million to $30 million.

Question 5

Export Financing

Accepted Answer

Export financing is the use of either Factoring or ABL to provide working capital for a client’s export sales to foreign customers. Many banks and finance companies will not provide financing for sales to foreign customers. We offer financing for export sales. 
 
Target Client: Clients that export goods/services to foreign corporations and wish to protect themselves against the risk of default of their clients. Annual revenues of $2 million to +$40million. 
 
Facility Size: Typical size of line from $50,000 to $30 million.

Question 6

Working Capital Advance

Accepted Answer

Cash advances are provided based on the expected future revenues of a business in light of recent past performance. The advance is unsecured and is typically payable over a six to twelve month period.
 
Target Client: Small businesses that may lack adequate capital during the early stages of opening their business. Annual revenues of $500,000 to over $5 million.
 
Facility Size: Typical advance from $20,000 to $500,000.

Question 7

Top Up Financing

Accepted Answer

Top Up Financing is a highly-flexible financing option that provides a lump sum advance based on the reserve amount of your A/R—a number that can amount to between 75% and 100% of one month’s revenue. This solution is only available to existing A/R factoring customers.
 
Target Client: Small business that requires capital to fund a time sensitive business opportunity but don’t have any new invoices in the pipeline to qualify for additional factoring.
 
Facility Size: Typical advances range between 75% to 100% of one month’s revenue.

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