Receivable Financing | Purchase Order Financing

The Quick Outline

For four decades we’ve provided receivable financing in the U.S.A., Canada and 12 other countries. We factor your invoices (we buy your accounts receivable at a discount). The cost is based on the payment terms and creditworthiness of your customer. They can be as low as 1/3%. Use our very short online form and we’ll give you a quote within a business day.

Canadian with a global reach

We’re headquartered in Canada but our focus is much broader. For the past four decades we’ve provided receivable financing in much of the world. We have associated offices in 14 countries and across the USA. Receivable Financing (factoring) is our specialty. If your business has receivables that you’d like to turn into cash flow now, contact us info@exportbank.ca or call us in the USA & Canada 1 800 808-8802 and from anywhere in the world at 1 519 729-4279.

Associated offices in

Canada, England, Scotland, Ireland, Poland, Germany, France, Czech Republic, Sweden, Slovakia, Australia, Hong Kong, India, New Zealand, USA.

Committed to helping businesses grow

Exportbank’s (EBC) commitment to our government is to help businesses succeed around the world. Since 1974, we’ve funded over 100,000 invoices and contracts and served as that all-important source of stable cash flow for companies just like yours. Our mandate is to help your business receive the financing you need to grow.

What do we do?

The majority of our clients use us to factor their invoices or to arrange Vendor Guarantees, an option to purchase order financing. These two services are what most business owners and CFOs need.

Factoring is the financial world’s most frequently used service.

Every time you use a credit card, a factoring transaction has occurred. The credit card company guarantees immediate payment to the merchant and in exchange, the merchant accepts a lower amount. The credit card company keeps the difference as their factoring fee.

How to start

Use our online form. Include the following:

  • Your business name, your name and contact information
  • A brief description of your business and what you need from EBC
  • Your monthly sales
  • Provide the name of the country your customer is in and the currency of the transaction (CDN, USD, Euro, Yen etc.).
  • OR – Email info@exportbank.ca, fax 1.800.598.6222 or call 1.800.808.8802.
Factoring is a form of Receivable Financing

You’ve sold products or supplied services or intellectual property and now you’re ready to invoice your client. We will advance you funds (up to 90%) against that invoice based on the good credit of your customer. You get paid right away and we manage the invoice payment from your customer.

What is the cost?

The cost is dependent on the volume of your business and who your customer is. If you have a million dollar order from a government agency or a major corporation like Wal-Mart, then the fee is very low because there is low payment risk. If you have a small order from a lower credit rated customer it costs more because of the risk profile. For ongoing transactions, we can offer discount rates as low as 1/3%