Factoring St. John's NL

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 St. John's, NL listed below.

BMO Bank of Montreal
(709) 758-2100
370 Newfoundland Dr
St. John\U0027S, NL
Type
Branch with ABM

BMO Bank of Montreal
Elizabeth Avenue
St Johns, NL
Type
ABM

BMO Bank of Montreal
(709) 758-2110
384 Elizabeth Ave W
St. John\U0027S, NL
Type
Branch with ABM

Scotiabank
(709) 576-6000
245 Water Street
St. John'S, NL
 
BMO Bank of Montreal
(709) 758-2055
238 Water St
St. John\U0027S, NL
Type
Branch with ABM

RBC - St Johns-Aberdeen Ave Branch
(709) 576-4700
40 Aberdeen Ave-Suite 102
St Johns, NL
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 - 17:00
Saturday: 10:00 - 15:00
Sunday: Closed

RBC - Elizabeth Ave Br
(709) 576-4545
65 Elizabeth Ave
St Johns, NL
Languages
English, French
Office Hours
Monday: 09:30 - 17:00
Tuesday: 09:30 - 17:00
Wednesday: 09:30 - 20:00
Thursday: 09:30 - 20:00
Friday: 09:30 - 17:00
Saturday: Closed
Sunday: Closed

RBC - Torbay Branch
(709) 437-5361
1296 Torbay Rd-Po Box 1130
Torbay, NL
Languages
English, French
Office Hours
Monday: 09:30 - 17:00
Tuesday: 09:30 - 17:00
Wednesday: 09:30 - 17:00
Thursday: 09:30 - 17:00
Friday: 09:30 - 17:00
Saturday: Closed
Sunday: Closed

Scotiabank
(709) 576-1199
37 Rowan Street
St. Johns, NL
 
BMO Bank of Montreal
Prince Philip Drive
St Johns, NL
Type
ABM

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