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Business Financing Solutions

Using factoring, a fast and effective business financing method, Yesterpay Holdings Inc., ("Yesterpay") indirectly gives small businesses throughout Western Canada the ability to succeed. We do so through our partnership with CapitalNOW Inc ("CapitalNOW" or "CNI").


What is Factoring?

Factoring is a business financing solution that has been around for centuries. Records of factoring go back 3,800 years and it is believed to have originated in ancient Mesopotamia. Factoring is also more common than you would suspect and exists in several forms including consumer credit cards and services like PayPal™.

In this case, factoring helps a company bridge the cash flow gap between delivering a product or service and getting paid 30, 60, or even 90 days later. As a factor, CapitalNOW verifies and purchases the company's invoice at a discount and advances a portion of the amount of the payment owed by their customer. This way, the company receives much-needed cash flow quickly and can avoid financial shortfalls and take advantage of growth opportunities.

» Browse our Educational Resources

The following two videos have been provided by CapitalNOW. For more details please click here.

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