Invoice factoring is a non-loan form of funding called “accounts receivable financing” that enables businesses in Canada to access working capital in exchange for your unpaid invoices in as little as one business day. Your lender (that’s us) will purchase your business’s outstanding invoices at a discounted price and advance you the net amount in cash, typically between 70-90% of the invoice’s value up to $100,000 per common ownership. We can arrange online invoice factoring in bulk for your entire sales ledger, or for individual or small bundles of invoices.
With online invoice factoring with Greenbox Capital®, we are responsible for collecting on the invoice. Once your client makes payment, we’ll send you the remainder of the invoice’s value (minus our fee), with terms typically ranging between 30 and 90 days. We know how important your customer relationships are and you can trust us to collect on your invoice professionally.