Factoring Calgary AB

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 Calgary, AB listed below.

Rothenberg & Rothenberg
(403) 228-2378
1735 - 17Th Avenue Sw
Calgary, AB
 
Scotiabank
(403) 221-6629
605 5Th Avenue South West
Calgary, AB
 
Scotiabank
(403) 221-6530
734 7Th Avenue South West
Calgary, AB
 
BMO Bank of Montreal
(403) 234-3620
340 7Th Ave Sw
Calgary, AB
Type
Branch with ABM

RBC - Cal-Sun Life Plaza Branch
(403) 292-2212
144 4Th Ave Sw-Unit 110
Calgary, AB
Languages
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 - 16:00
Saturday: Closed
Sunday: Closed

BMO Bank of Montreal
11Th Avenue South West
Calgary, AB
Type
ABM

RBC - Main Br - Calgary
(403) 292-3311
339 8Th Ave Sw
Calgary, AB
Languages
Mandarin Chinese, 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 - 17:00
Saturday: Closed
Sunday: Closed

BMO Bank of Montreal
(403) 234-1810
222 5Th Ave Sw
Calgary, AB
Type
Branch with ABM

BMO Bank of Montreal
4Th Avenue South West
Calgary, AB
Type
ABM

Scotiabank
(403) 974-7070
1204 Kensington Road Nw
Calgary, AB
 
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