Designed to enhance your current operating facility, Selective Invoice Discounting can help your business reach heights never before considered.
With Selective Invoice Discounting, the Bank purchases your invoices at up to 100% of their face value. Loan facilities range between $1 - $25 Million and are offered in Canadian or US dollars. And, depending on your needs, you can choose discounting on a recourse or non-recourse basis.
Benefits of Selective Invoice Discounting
Increase sales by providing extended terms to your customers
Convert sales into immediate cash
Transfer your accounts receivable risk to the Bank
Improve profits by taking advantage of supplier discounts
Expand into the United States
Is Selective Invoice Discounting Right for my Business?
This type of asset-based loan could be right for your business if:
Your business just signed a large contract
Your business has sales over $15 Million
Your business is highly seasonal in nature
Your sales are concentrated to month/quarter end
You want to provide extended trade terms to your customers
