Top 10 Factoring Companies in Canada

Factoring companies in Canada serve as invaluable partners in ensuring businesses' smooth operation and growth, irrespective of their size. However, selecting the right one can be challenging with a diverse array of factoring companies operating in Canada. Recognizing this, Invensis, a global leader in factoring support services, steps in to streamline the selection process. By meticulously curating a list of the top 10 factoring companies in Canada, Invensis aims to simplify your search for reliable factoring solutions. This curated selection ensures businesses can access reputable factoring services customized to their specific financial needs. But before we delve into the list, let's discover some key insights about Invensis below. 

Invensis

Specifics	Details
Key Services	Invoice Audit/Validation, Data Entry Verification, Compliance Verification, Load Verification/Pre-Purchase Verification, Data Collection and Reporting, Fuel Advance Processing, On Call Services 24x7, Collection Follow-up, Account Reconciliation, Credit Reporting, Background Checks, Onboarding/Underwriting, Post Purchase Verification, Sales Support Services, Account Executive Services, F&A Services, Bookkeeping Services, etc.
Countries Served	USA and Canada
Notable Clients	Trucking, logistics, freight forwarders, insurance, payroll, pawn, equipment manufacturers, Oil and gas companies, Agriculture and farming enterprises, Construction companies, Wholesale distributors, Technology and software firms, etc
Contact Details	USA - Invensis Inc. 2785 Rockbrook Dr STE 204 Lewisville, TX 75067

Invensis has been a leading factoring support service provider for  over a decade. We have consistently delivered transformative factoring support solutions to businesses across various industries. The list includes logistics, freight forwarding, equipment manufacturing, insurance, etc. We have also empowered these businesses to optimize their cash flow, unlock working capital, and seize growth opportunities by making informed decisions. 

Our streamlined processes, advanced technology, and expert team have enabled us to deliver the best services to our clients. Our area of specialization includes validating crucial details such as the accuracy of billing information, completeness of the goods or services delivered, and adherence to contractual terms. Additionally, we assist factoring businesses in assessing the creditworthiness of the debtor. Our clients have banked on our end-to-end factoring support services to mitigate potential risks and ensure only valid and reliable invoices are factored. 

Top 10 Factoring Companies in Canada

Here is a list of the top 10 factoring companies in Canada.

1. Riviera Finance

Specifics	Details
Key Services	Invoice discounting, accounts receivable financing, spot factoring, export financing, non-recourse financing, small business financing & business cash flow solutions.
Countries Served	USA and Canada
Notable Clients	Water hauling companies, oil & gas, transportation businesses, medical staffing, energy & telecom
Contact Details	420 Britannia Road Suite 107 Mississauga, Ontario, Canada, L4Z 3 905-602-0070 866-899-0070

Riviera Finance was established in 1969, and the company has 25 offices throughout the US and Canada. It typically invests in companies with annual revenues between $5 million and $50 million and has a strong focus on the technology, healthcare, and consumer products sectors. They offer a variety of factoring services, including invoice factoring, accounts receivable financing, and supply chain financing. Riviera Finance also offers a number of other financial services, such as business loans, equipment leasing, and merchant cash advances.

2. Rev Capital

Specifics	Details
Key Services	Invoice factoring, asset-based lending, alternative lending, cash flow financing, credit underwriting, collection services, invoice management.
Countries Served	USA and Canada
Notable Clients	Transportation, Manufacturing, staffing, logistics, oil & gas, wholesale & distribution industry, marketing & advertising companies
Contact Details	27 Roytec Rd, Woodbridge, Ontario L4L 8E3

Rev Capital, founded in 2005, serves over 1,000 businesses annually in Canada. With an average funding amount of $100,000 per client, Rev Capital provides tailored financial solutions to companies ranging from startups to established enterprises. Through its agile approach, Rev Capital ensures timely access to working capital and helps businesses seize growth opportunities and navigate financial hurdles effectively.

3. eCapital

Specifics	Details
Key Services	Freight Factoring Invoice Factoring Payroll Funding, asset-based lending
Countries Served	USA and Canada
Notable Clients	Consumer goods companies,healthcare, staffing, transportation, food & beverages, telecom/wireless
Contact Details	1220, 155 University Avenue Toronto ON M5H 3B7 855.724.4359

Since its inception in 1999, eCapital has emerged as a leading financier in Canada. It has facilitated more than $10 billion in funding to businesses, including consumer goods, healthcare, staffing agencies, etc. With a vast clientele exceeding 5,000, eCapital specializes in a diverse array of financing solutions, from invoice factoring to supply chain financing. eCapital empowers businesses to enhance cash flow management and pursue expansion endeavors with assurance by offering an average funding size of $250,000.

4. Accord Financial Corp

Specifics	Details
Key Services	Accounts Receivable Management, A/R Financing, asset-based lending, leasing, trade financing
Countries Served	USA and Canada
Notable Clients	Retail & wholesalers, import & export businesses,
Contact Details	40 Eglinton Avenue East, Suite 602 Toronto, ON M4P 3A2 +1 800.967.0015

Accord Financial Corp, founded in 1978, has facilitated over $10 billion in financing to businesses worldwide. With a focus on flexibility and reliability, Accord Financial Corp serves clients across diverse industries, providing tailored lending solutions to meet specific needs. Accord Financial Corp supports businesses of all sizes in achieving their growth objectives by providing an average loan size of $500,000.

5. J D Factors

Specifics	Details
Key Services	Non-recourse factoring, supply chain financing, cross-border factoring
Countries Served	USA and Canada
Notable Clients	RIT/telecom, oilfield services, business services, wholesale and retail
Contact Details	500 Silver Spur Rd Suite 306 Palos Verdes, CA 90275

J D Factors, established in 1989, stands as a prominent factoring company across Canada and USA. It is dedicated to providing tailored financial solutions to businesses including transportation, telecommunication, retail and more. With over three decades of experience, J D Factors has built a reputation for reliability and excellence in the realm of invoice factoring and accounts receivable financing. The company facilitates the financing of over $2 billion in accounts receivable for businesses of varying sizes.

6. Scale Funding

Specifics	Details
Key Services	Invoice financing, purchase order financing, account receivable financing
Countries Served	USA and Canada
Notable Clients	Trucking companies, staffing agencies, telecom & wireless contractors, oilfield service companies, manufacturing businesses
Contact Details	7600 Parklawn Ave Suite 250 Edina, MN 55435 952-656-3400

Scale Funding is a Canadian financial technology company that provides small business loans and other financial services to small businesses in Canada. The company was founded in 2013. The company also offers a variety of small business loans, including term loans, lines of credit, equipment financing, merchant cash advances and other financial services, Its loans are typically unsecured and range in size from $5,000 to $250,000. 

7. FundThrough

Specifics	Details
Key Services	Invoice factoring, Trade finance, Contract factoring, spot factoring, export factoring
Countries Served	USA and Canada
Notable Clients	Small businesses, startups, waste management businesses, hospitality staffing, automotive companies
Contact Details	260 Spadina Avenue Suite 400 Toronto, ON, Canada M5T 2E4

FundThroughhas provided over $1 billion in funding to thousands of businesses in Canada since its establishment in 2014,  With a funding approval rate of 95%, FundThrough offers invoice financing solutions that bridge the gap between invoice issuance and payment receipt. This factoring company in Canada. enables businesses to maintain steady cash flow and seize growth opportunities with ease with an average advance size of $50,000.

8. 1st Commercial Credit

Specifics	Details
Key Services	Accounts receivable financing, purchase order financing, trade payable financing.
Countries Served	USA and Canada
Notable Clients	Telecommunication companies, healthcare providers, staffing agencies, construction contractors
Contact Details	1 Yonge St Suite 1801, Toronto, ON M5E 1W7, Canada

1st Commercial Credit, founded in 2001, has funded over $1.5 billion in accounts receivable financing and purchase order funding. It serves clients across various industries by offering flexible financing solutions tailored to meet specific business needs. With an average credit line of $500,000, 1st Commercial Credit empowers businesses to fulfill orders, manage cash flow, and drive sustainable growth.

9. Express Business Funding

Specifics	Details
Key Services	Invoice factoring, asset-based lending, equipment leasing
Countries Served	Canada
Notable Clients	Payroll/ staffing, transportation businesses, construction companies, manufacturing or production units
Contact Details	1455 Lakeshore Road, Suite 203 S Burlington, ON, L7S 2J1, Canada

Express Business Funding was established in 2010. It has provided over $500 million in funding to small and medium-sized businesses over these years. With an average funding amount of $50,000, Express Business Funding offers quick access to working capital through cash advances and lines of credit. This factoring company in Canada helps businesses address immediate financial needs and capitalize on growth opportunities swiftly with a funding approval time of 24-48 hours.

10. Commercial Capital LLC

Specifics	Details
Key Services	Invoice factoring, spot factoring, accounts receivable factoring.
Countries Served	USA and Canada
Notable Clients	Startups, small businesses, and midsized companies
Contact Details	1 Yonge Street, Suite 1801 Toronto ON M5E 1W7 (877) 300 3258

Commercial Capital LLC  was founded in 1995. It serves businesses across Canada & North America with asset-based lending solutions. With over $2 billion in funded loans, Commercial Capital LLC specializes in equipment financing and commercial real estate loans. It supports businesses in acquiring essential assets, expanding operations, and achieving long-term financial stability with an average loan size of $1 million. 

Contact us to learn more about Invensis and its expertise in offering comprehensive factoring support services.