Factoring Whitehorse YT

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 Whitehorse, YT listed below.

First Nations Bank Of Canada - Whitehorse Branch
(888) 456-3622
Unit 103 9016 Quartz Road
Whitehorse, YT
 
Scotiabank
(867) 667-6231
212 Main Street
Whitehorse, YT
 
Investors Group Financial Services Inc
(867) 668-6982
A-2193 2nd Avenue
Whitehorse, YT
 
Cashplan Financial (Whitehorse)
(867) 667-2274
211 Elliott Street
Whitehorse, YT
 
First Nations Bank Of Canada - Whitehorse Branch
(888) 456-3622
Unit 103 9016 Quartz Road
Whitehorse, YT
 
RBC - Whitehorse Branch
(867) 667-6416
4110-4Th Ave
Whitehorse, YT
Languages
English, French
Office Hours
Monday: 09:30 - 16:00
Tuesday: 09:30 - 16:00
Wednesday: 09:30 - 16:00
Thursday: 09:30 - 16:00
Friday: 09:30 - 17:00
Saturday: Closed
Sunday: Closed

Primerica Financial Services
(867) 667-4730
1-508 Strickland Street
Whitehorse, YT
 
Chinook Bookkeeping Services
(867) 668-6484
125 Industrial Road
Whitehorse, YT
 
Scotiabank
(867) 667-6231
212 Main Street
Whitehorse, YT
 
RBC - Whitehorse Branch
(867) 667-6416
4110-4Th Ave
Whitehorse, YT
Languages
English, French
Office Hours
Monday: 09:30 - 16:00
Tuesday: 09:30 - 16:00
Wednesday: 09:30 - 16:00
Thursday: 09:30 - 16:00
Friday: 09:30 - 17:00
Saturday: Closed
Sunday: Closed

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