Alternative Financing

Alternative financing is becoming more and more popular as more traditional sources of financing are drying up. The number of alternative financing options seems to be growing exponentially every year. The following financing options are offered by us and our strategic partners, and will help you, the entrepreneur, to fund sales, purchases and other assets.

Sales

Invoice Financing

Invoice financing is a new tool to plan and manage your cash flow. It is an early payment mechanism for invoices—money that is due to you once you invoice. The money is in your bank account within 24 hours, so you do not have to wait. This approach is similar to the more traditional accounts receivable factoring, but there are some important and beneficial differences that are described below. We allow you to pick and choose which invoices you want early payment on. Furthermore, the financing is typically non-recourse and requires no personal guarantees or liens. We also fund customers in the US or other international destinations.

Complete a simple application form. We will have you approved within 24 hours.

We review and approve your customers in advance.

Your customer verifies their invoices for payment using our e-invoice platform.

Select invoices for advanced funding and get paid now while your customer pays later.

Your customer pays into a designated bank account on due date. This account is in your company’s name.

There are plenty of reasons why we have happy customers.

Fast Funding

Our credit process is quick and simple and our platform streamlines the invoice approval process between you and your customer allowing us to offer you fast access to funding.

Convenient and Easy-To-Use

There is no paperwork involved and you can access cash in as little as 24 hours. No need for overdrafts or bank loans and no personal credit check.

Transparent Fees

We have a transparent fee structure with no hidden extras. We won’t ask you for unnecessary security such as personal guarantees or a debenture. And we offer some of the most competitive rates in the market.

Better Invoice Process

We are the only invoice finance provider that gives you access to an e-invoice platform as part of the funding solution.

Financial Control

You fund only the invoices you want. We don’t tie you in to any long term contracts or seek any personal guarantees leaving you in control of your cash flow.

Export Financing

We can also finance foreign receivables, which typically most

banks will not. This is a product tailored to suit the financial demands of individual companies with overseas customers. It is particularly suited to trade with large foreign multinationals with extended payment terms—a simple, cost-effective way to fund your reach into new geographical markets.

Financing Tax Credits, Tax Losses, Gov’t Grants

We can finance tax credits including R&D (SREDs), Film and Media credits. No track record is necessary—we finance first-year SRED claims. We even finance SREDs on a monthly basis as you spend the money. Tax loss carry backs and Government Grants (including IRAP) can also be financed.

Financing for Canadian Equipment Exporters

We provide this funding by arranging term financing of up to 5 years for your customers, foreign purchasers of Canadian Equipment. In some cases, collateral security is not even required. Canadian equipment manufacturers take note – we can help you explode export sales!

Purchases

Purchase Finance Program ("PFP")

A flexible, fast and simple way to fund purchases needed for a growing business, where existing credit lines will not suffice. Purchases can be raw materials, goods for resale, supplies, capital assets or services. The program helps clients take advantage of supplier discounts, limited time offers and bulk purchasing opportunities. The only requirement is that the business be in good financial health and be credit insurable (arranged by us). This strategy avoids the complexity and cost of P.O. Financing.

Purchase Order Financing

Where suppliers, be they domestic or foreign, require a Letter of Credit or an upfront deposit we can help. This is offered in conjunction with the factoring of your receivables. If you have purchase orders from creditworthy customers, we can supply you with all the working capital you need to purchase the product from your supplier and finance the receivable from your customer.

Supply Chain Financing (“SCF”)

This type of financing has many names and the names are similar to other types of financing so it is important to understand exactly what we mean by this. It is sometimes referred to as “reverse factoring” or “vendor FastPay. The essence of this type of SCF is that rather than focusing on financing you so you can pay your suppliers, we focus on financing your suppliers so that they can receive early payment on their invoices to you the customer. This type of financing has many benefits for you and your supplier, not the least of which is that it can increase your working capital at the same time it increases the working capital of your supplier.

Furthermore, we can pay you a percentage of the financing fee we receive from your suppliers and you can earn money on your payables!

Other Products

Cash Advance

Cash advances are provided by our strategic partner based on expected future revenues. Amounts advanced are typically in the $5,000 to $500,000 range. The advance is collateral-free and is typically repayable over a six-to-twelve month period.

Asset Based Lending (“ABL”)

ABL is a specialized loan product which monetizes assets on the client’s balance sheet. Qualifying assets include A/R, inventory and in some cases equipment and real estate. The assets are pledged as collateral for a working capital loan facility providing the client with a flexible source of funding.

Revenue Based Loans

Revenue based loans are similar to Cash Advances except that the term is generally longer (3 to 5 years), the amounts are typically larger and the cost of money is less. Funding offered by our strategic partner ranges from $200,000 to $2 Million and is available to companies with annual revenues greater than $500,000. Unlike equity there is no dilution and no loss of control. The rate of repayment is tied to revenues giving the borrower flexibility if revenues are not as expected.

Business Loans

Loans up to $250,000 and more repayable over up to 48 months are offered by our strategic partner. We offer a simple online application process with funding in as little as 48 hours with no specific collateral needed and better rates than other alternative lenders.

Real Estate Loans

Land loans, development loans, construction loans and traditional real estate mortgage loans are offered by our strategic partner. There is nothing too small or too large for us to handle.

Equipment Leasing/Term Loan

We offer competitive quotes from the best funders in the country. Most of all, we make the process fast, easy and efficient for the client. On a regular basis we provide financing from $10,000 to $10,000,000 and more.