Introduction - The concept of Factoring is as old as the Bible. With factoring, a business is paid for its under 90 day credit approved B to B invoices within 24 hours of delivered goods or completed services so tomorrow’s money is paid today.
When traditional bank lines simply are not available, factoring is the most viable alternative. Factoring, Asset Based Lending (ABL), Invoice Discounting or Buying / Discounting Invoices enables clients to grow and seize new opportunities.
The Factor always looks at the clients’ customers, and not at its financials or bruised credit. When “love money” dries up, a Factor provides a solid financial foundation for continued growth. Clients are often under pressure to pay suppliers, gas and drivers’ wages for truckers and / or to maintain payroll.
The Factor assesses its client’s assets, not its net worth and is not constrained by debt-to-equity ratios. With simple procedures and no restrictive financial covenants, a Factor transforms ARs, inventory, equipment into immediate cash.
Stats Canada estimates Canadian factoring volume at approximately $2.2 billion dollars p.a.
Upon Martin’s arrival from South Africa in 1999, he was the first Licensee of liquid Capital Corp as a funder employing his own money. In 2005 he sold his portfolio to his Licensor - Montcap, now Accord Financial Corporation. He has been a professional broker ever since sourcing the Factor with the best rates, service and appetite for any particular client.