Factoring Winnipeg MB

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 Winnipeg, MB listed below.

Scotiabank
(204) 985-3660
623 Corydon Avenue At Daly
Winnipeg, MB
 
Mgi Financial Inc Head Office
(204) 788-4040
491 Portage Avenue
Winnipeg, MB
 
Canadian Western Bank - Winnipeg
(204) 956-4669
230 Portage Avenue
Winnipeg, MB
 
Acquire Capital
(204) 989-0532
Seven Donald Street
Winnipeg, MB
 
BMO Bank of Montreal
St Mary Avenue
Winnipeg, MB
Type
ABM

BMO Bank of Montreal
Osborne Street North
Winnipeg, MB
Type
ABM

BMO Bank of Montreal
Osborne Street
Winnipeg, MB
Type
ABM

Wellington West Financial Services Inc
(204) 925-2290
2400 201 Portage Avenue
Winnipeg, MB
 
BMO Bank of Montreal
(204) 985-2611
335 Main St
Winnipeg, MB
Type
Branch with ABM

BMO Bank of Montreal
(204) 985-2480
330 Portage Ave
Winnipeg, MB
Type
Branch with ABM

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