Invoice factoring in Toronto
Cash now for invoices your customers owe. NorthMerit matches Toronto businesses with one financing partner suited to their request.
Key points
- Factoring turns unpaid invoices into cash now, instead of waiting 30 to 90 days.
- A factoring company advances most of the invoice value up front, and the rest, minus a fee, when your customer pays.
- Approval depends mostly on your customers’ ability to pay, not just your own credit.
- Fees are a percentage of the invoice, so compare the total cost carefully.
Invoice factoring for Toronto businesses
Invoice factoring advances cash against your outstanding commercial invoices, so you aren’t waiting 30, 60 or 90 days to be paid. Approval leans on your customers’ payment history as much as your own.
In Toronto, it’s common among businesses in financial services, technology and construction. A partner who works locally understands the timing and the risks in those sectors.
What Toronto businesses use it for
- Long customer payment terms
- Fast-growing order books
- Freight and wholesale receivables
How NorthMerit can help
Apply once and we’ll connect you with one financing partner who works with businesses like yours. It’s free, and there’s no obligation.
Where to get invoice factoring in Toronto
| Option | How much | What you need | Good for |
|---|---|---|---|
| Invoice factoring | A share of your outstanding invoices | Creditworthy business customers who pay on terms | Businesses waiting 30 to 90 days to be paid |
| Alternative and online lenders | Smaller amounts, fast decisions | Bank statements and revenue history; higher cost | Short-term needs when a bank says no |
Free advice: Enterprise Toronto offers free in-person guidance from small business advisors, consultations and mentorship at the City’s small business centres. Visit
The City describes Toronto as North America’s second-largest financial centre by employment and home to Canada’s largest concentration of food and beverage manufacturers.
What a lender will ask
- Your outstanding invoices and payment terms
- Who your customers are
- Any existing factoring agreements
Verified before it’s shared
Your business is confirmed against the Ontario Business Registry or Corporations Canada, along with your authority to borrow and your contact details. The partner starts with verified facts.
Learn more about invoice factoring
Our full guide explains how invoice factoring works, what it costs, a worked example and what lenders look at.
Common questions
Will my customers know?
Does my credit matter?
Invoice factoring nearby
The right financing, from the right partner.
Apply once. One financing partner who knows businesses like yours. Free, with no obligation.
