Factoring Kitchener 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 Kitchener, ON listed below.

Scotiabank
(519) 571-6400
64 King Street West
Kitchener, ON
 
BMO Bank of Montreal
(519) 885-9262
1074 King St E
Kitchener, ON
Type
Branch with ABM

RBC - Main Br-Kitchener
(519) 575-2300
32 Duke St W
Kitchener, ON
Languages
English, French
Office Hours
Monday: 09:30 - 17:00
Tuesday: 09:30 - 17:00
Wednesday: 09:30 - 17:00
Thursday: 09:30 - 20:00
Friday: 09:30 - 18:00
Saturday: 09:00 - 15:00
Sunday: Closed

Scotiabank
(519) 745-6865
501 Krug Street At Sherwood
Kitchener, ON
 
Scotiabank
(519) 741-1021
491 Highland Road West
Kitchener, ON
 
Scotiabank
(519) 744-4417
1258 King Street East
Kitchener, ON
 
BMO Bank of Montreal
(519) 885-9200
2 King St. W.
Kitchener, ON
Type
Branch with ABM

RBC - Ottawa & River Br
(519) 894-5580
1020 Ottawa St N
Kitchener, ON
Languages
English, French
Office Hours
Monday: 09:30 - 17:00
Tuesday: 09:30 - 17:00
Wednesday: 09:30 - 17:00
Thursday: 09:30 - 20:00
Friday: 09:30 - 18:00
Saturday: 09:00 - 15:00
Sunday: Closed

RBC - Highland & Westmount Branch
(519) 575-2280
413 Highland Rd W
Kitchener, ON
Languages
English, French
Office Hours
Monday: 09:30 - 17:00
Tuesday: 09:30 - 17:00
Wednesday: 09:30 - 17:00
Thursday: 09:30 - 20:00
Friday: 09:30 - 18:00
Saturday: 09:00 - 15:00
Sunday: Closed

RBC - Waterloo Main Branch
(519) 747-8335
70-74 King St S
Waterloo, ON
Languages
English, French
Office Hours
Monday: 09:30 - 17:00
Tuesday: 09:30 - 17:00
Wednesday: 09:30 - 17:00
Thursday: 09:30 - 20:00
Friday: 09:30 - 18:00
Saturday: 09:00 - 15:00
Sunday: Closed

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