Invoice Financing
Give uLoan a call today at 250-300-3015
Learn how they can help you turn your hard earned receivables into the cash flow you need.
At uLoan Canada we know that growing a small business presents many challenges. Do not let cash flow constraints be one of them!
Invoice Factoring is when a business sells all or a portion of their accounts receivable at a discount for fast access to the cash they need to manage and grow their business.
Often the most stressful aspect of operating your business is waiting 30-90 days to get paid for work you have already completed. This cash flow constraint hampers growth and stability.
We can provide the cash flow you need from your existing accounts receivable. There is no need to take on new debt and affect your bottom line or equity stake. We can advance your business up to 80% of the value of your current invoices for as little as 3% per month.
Invoice Factoring
Reasons to factor invoices:
- Payroll Shortfalls
- New Growth opportunities requiring capital
- Supply Chain Management
- New business without established credit lines
- Past Credit Issues
How It Works
- A client approaches uLoan with specific invoices they would like to factor
- uLoan verifies the validity of the invoices and establishes a pay history
- uLoan and the client enter into an agreement to purchase the invoices
- uLoan advances the client between 50-80% of the whole invoice amount
- When uLoan receives payment on the invoice, they pay to the client the remaining amount of the invoice less accrued interest and fees
Real Life Case Study
Alex D. from Vancouver BC, owns a high end construction supply company in the lower mainland and is growing faster than his cash flow supports. Alex called uLoan to inquire about invoice financing. He had upwards of $1,000,000 in accounts receivables over 30 days and $500,000 over 60 days!! This pay cycle was critically hampering his ability to pay his bills and manage his growth. He needed to pay his bills and buy inventory on a 14-30 day cycle.
Enter uLoan Canada…! uLoan was able to lend Alex the $150,000 per month that he required to mange his cash flow and lower his stress levels, using the accounts receivables as collateral.