Factoring Saint John NB

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 Saint John, NB listed below.

BMO Bank of Montreal
(506) 632-0202
15 Market Square
Saint John, NB
Type
Branch with ABM

Scotiabank
(506) 658-3365
39 King Street
Saint John, NB
 
RBC - Lansdowne & Wellesley Br
(506) 634-8220
111 Lansdowne Ave
Saint John, NB
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
(506) 658-3370
365 Main Street
Saint John, NB
 
Scotiabank
(506) 658-3360
35 Main Street West
Saint John, NB
 
RBC - Main Br - Saint John
(506) 632-8080
100 King St
Saint John, NB
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

BMO Bank of Montreal
(506) 632-0221
120 Mcdonald St
Saint John, NB
Type
Branch with ABM

BMO Bank of Montreal
Fairville Boulevard
Saint John, NB
Type
ABM

RBC - Nb-Mcallister Place Branch
(506) 633-7680
515 Westmorland Rd-Unit C009B
Saint John, NB
Languages
English, French
Office Hours
Monday: 10:00 - 17:00
Tuesday: 10:00 - 17:00
Wednesday: 10:00 - 20:00
Thursday: 10:00 - 20:00
Friday: 10:00 - 17:00
Saturday: 10:00 - 15:00
Sunday: Closed

Scotiabank
(506) 658-3200
533 Westmorland Road
Saint John, NB
 
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