Factoring Yellowknife NT

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 Yellowknife, NT listed below.

BMO Bank of Montreal
(867) 873-6261
480 B Range Lake Road - P.O. Box 1799
Yellowknife, NT
Type
Branch with ABM

RBC - Yellowknife Branch
(867) 873-5961
1-4920 52Nd St
Yellowknife, NT
Languages
English, French
Office Hours
Monday: 09:00 - 16:00
Tuesday: 09:00 - 16:00
Wednesday: 09:00 - 16:00
Thursday: 09:00 - 16:00
Friday: 09:00 - 17:30
Saturday: Closed
Sunday: Closed

Investors Group Financial Services
(867) 873-3000
106-5102 50 Avenue
Yellowknife, NT
 
MacKay LLP
(867) 920-4404
301 5120 49 St
Yellowknife, NT
 
BMO Bank of Montreal
(867) 872-2001
82 Breynat St
Fort Smith, NT
Type
Branch with ABM

Scotiabank
(867) 669-6000
5102 50Th Avenue
Yellowknife, NT
 
Diamond Placement & Financial Services
(876) 766-2017
5115 48 Street
Yellowknife, NT
 
Cash Store
(867) 873-4710
Suite 66-5014 49 St
Yellowknife, NT
 
BMO Bank of Montreal
(867) 873-6261
480 B Range Lake Road - P.O. Box 1799
Yellowknife, NT
Type
Branch with ABM

RBC - Hay River Branch
(867) 874-6547
77 Woodland Dr
Hay River, NT
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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