Accounts Receivable Finance in Canada
Convert unpaid invoices into immediate cash. Instead of waiting 30, 60, or 90 days for customers to pay, receive most of the invoice value upfront. Strong receivables become predictable cash flow.
- Typical deal size
- Facilities from $100K to $20M+. Typical setup: 2–4 weeks.
- Best for
- B2B businesses that invoice creditworthy commercial or government customers on terms
- Markets
- Canada-wide. Cross-border options available.
What is accounts receivable finance?
Accounts receivable finance is a working-capital solution that uses your eligible customer receivables to unlock cash before invoices are paid. Depending on the structure, a finance provider may advance against or purchase your receivables. Invoice factoring, where individual invoices are sold and collected directly, is one common form. We help you choose the structure that best fits your business, customer relationships, and balance-sheet goals.
Who fits this facility
- B2B businesses that invoice creditworthy commercial or government customers on terms
- Manufacturers, wholesalers, distributors, transport operators, and staffing firms
- Growing companies whose cashflow is held back by long customer payment cycles
- Businesses turned down by banks because of short trading history or thin balance sheets
Common use cases
- Cover payroll without waiting for slow-paying customers
- Buy inventory and raw materials at scale
- Take on larger contracts without choking working capital
- Bridge seasonal revenue cycles
How it works
Issue an invoice
You raise an invoice for completed work or delivered goods, just as you do today.
Submit to the lender
The finance provider verifies the invoice and advances typically 80–90% of its value within 24 hours.
Customer pays
Your customer pays on the invoice due date. Depending on the structure, payment may go directly to the finance provider or through your own account.
Funds settled
Any remaining balance is released to you, minus the agreed fee. The exact settlement depends on the facility structure.
Why accounts receivable finance clients pick McMillan
- Founder Neil McMillan built and ran a factoring company
- Direct relationships with specialist receivables-finance lenders across North America
- We structure facilities to protect your customer relationships
- Honest advice on when receivables finance is, and isn't, the right tool
Common questions
There are confidential and disclosed structures. We help you choose the one that fits your business.
Most facilities can fund the first invoice within 1–2 weeks of approval.
Many facilities allow selective financing of specific debtors or invoices.
Pricing depends on volume, debtor quality, and structure. We always show full costs before you commit.
Yes, accounts receivable finance is one of the few facilities available to early-stage businesses with creditworthy customers.
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ViewLet's talk about your accounts receivable finance deal
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