Factoring Charlottetown PE

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 Charlottetown, PE listed below.

RBC - 335 University Ave Br
(902) 892-0104
335 University Ave
Charlottetown, PE
Languages
English, French
Office Hours
Monday: 10:00 - 17:00
Tuesday: 10:00 - 17:00
Wednesday: 10:00 - 17:00
Thursday: 10:00 - 17:00
Friday: 10:00 - 17:00
Saturday: Closed
Sunday: Closed

Scotiabank
(902) 566-5004
143 Grafton Street
Charlottetown, PE
 
RBC - Charlottetown Branch
(902) 892-2405
83 Queen St
Charlottetown, PE
Languages
English, French
Office Hours
Monday: 10:00 - 17:00
Tuesday: 10:00 - 17:00
Wednesday: 10:00 - 17:00
Thursday: 10:00 - 17:00
Friday: 10:00 - 17:00
Saturday: Closed
Sunday: Closed

Scotiabank
(902) 894-5013
135 St. Peters Road
Charlottetown, PE
 
Scotiabank
(902) 566-5004
143 Grafton Street
Charlottetown, PE
 
BMO Bank of Montreal
(902) 892-2437
105 Grafton St
Charlottetown, PE
Type
Branch with ABM

BMO Bank of Montreal
(902) 894-7021
670 University Ave
Charlottetown, PE
Type
Branch with ABM

Scotiabank
(902) 894-5013
135 St. Peters Road
Charlottetown, PE
 
RBC - 335 University Ave Br
(902) 892-0104
335 University Ave
Charlottetown, PE
Languages
English, French
Office Hours
Monday: 10:00 - 17:00
Tuesday: 10:00 - 17:00
Wednesday: 10:00 - 17:00
Thursday: 10:00 - 17:00
Friday: 10:00 - 17:00
Saturday: Closed
Sunday: Closed

Scotiabank
(902) 961-2019
Main Street
Morell, PE
 
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