Invoice Factoring from $30,000 to $10,000,000
Invoice factoring and receivables financing from $30K to $10M. Sell unpaid B2B invoices and receive up to 95% of the value — same day to 24 hours after invoice/debtor review.
Start an applicationVoxen Capital structures invoice factoring facilities from $30K to $10M for Canadian B2B businesses. Factoring converts unpaid B2B invoices into immediate cash — typically up to 95% of the invoice value upfront — and is not debt. Approval is based on the creditworthiness of your customers, not your business credit, which makes factoring accessible when traditional financing is not.
What is invoice factoring?
Invoice factoring is the sale of your outstanding B2B invoices to a factoring company in exchange for immediate cash. Instead of waiting 30 to 90 days for your customers to pay, you receive up to 95% of the invoice value upfront. The remaining balance, minus a small factoring fee, is released when your customer pays.
Unlike a loan, factoring is not debt. There's no monthly payment, no fixed term, and no obligation to draw if you don't need to. You decide which invoices to factor and when. Approval is based on the creditworthiness of your customers — not your business credit — which makes factoring accessible even when traditional financing isn't.
Voxen Capital structures factoring facilities from $30,000 to $10,000,000 for Canadian businesses across trucking, staffing, manufacturing, distribution, construction, and professional services. Most clients are funded on their first invoice within 24 hours of approval.
Best for these business situations
- B2B businesses with 30–90 day payment terms
- Trucking, freight, and logistics companies
- Staffing agencies with weekly payroll obligations
- Manufacturers and distributors waiting on POs
- Construction subcontractors with progress billing
- Growing companies that can't take on more debt
- Businesses denied by banks due to short trading history
- Seasonal companies needing flexible cash flow
Less suited to
- B2C businesses without commercial receivables to factor
- Companies whose customers are not creditworthy or pay in advance
- Operators unwilling to have a third party verify and collect on invoices
- Businesses needing capital unrelated to outstanding receivables
How it works
- Submit your invoices — Upload invoices to factor through our online portal. We verify them with your customer in hours, not days.
- Get advanced 70–95% — Receive up to 95% of the invoice face value in your account within 24 hours of verification. No debt is created.
- Customer pays, you collect the rest — When your customer pays the invoice, we release the remaining balance minus a small factoring fee. Repeat as often as you need.
Factoring structure
| Facility Size | $30,000 – $10,000,000 |
|---|---|
| Advance Rate | Up to 95% of invoice value |
| Factoring Fee | From 1.5% per 30 days |
| Time to First Funding | 24 hours from approval |
| Subsequent Fundings | Same day, on-demand |
| Contract | Whole-ledger or selective |
| Recourse | Recourse and non-recourse available |
| Application Fee | $0 — no upfront cost |
At a glance
| Advance Rate | Up to 95% |
|---|---|
| First Funding | Same day to 24h |
| Facility Size | $30K–$10M |
Frequently asked questions
How much of my invoice will I receive upfront?
Voxen factoring facilities advance between 70% and 95% of the invoice face value upfront, depending on industry, customer credit quality, and historical payment patterns. Trucking and staffing typically see 90–95%. Manufacturing and construction average 80–90%. The remaining balance, minus the factoring fee, is released when your customer pays the invoice.
What does invoice factoring cost?
Factoring fees start at 1.5% per 30 days outstanding. The exact rate depends on monthly volume, average invoice age, customer concentration, and your industry. There are no setup fees, no monthly minimums on selective programs, and no termination penalties on most facilities. Total cost is fully transparent before you sign.
Will my customers know I'm factoring?
On standard (notification) factoring, yes — invoices direct payment to a lockbox in our name. On non-notification factoring, your customers continue paying to your business as normal. Most B2B customers are familiar with factoring and don't view it negatively. Voxen handles all customer communication professionally and discreetly.
Do I have to factor all my invoices?
No. Voxen offers both whole-ledger (factor everything) and selective (factor only the invoices you choose) facilities. Selective programs give you full control — factor the slow-paying customer's $80K invoice but keep the rest in-house. Whole-ledger programs offer better rates in exchange for committed volume.
What if my customer doesn't pay?
On recourse factoring (most common), you buy back the invoice if your customer doesn't pay within an agreed period — typically 90 days. On non-recourse factoring, Voxen's lender absorbs the credit risk if a verified customer defaults due to insolvency. Non-recourse rates are slightly higher but provide credit protection on your receivables.
Can I qualify for factoring with bad credit?
Yes. Factoring approval is based on your customers' creditworthiness — not yours. If you sell to creditworthy businesses (large companies, government, established mid-market), you can typically be approved for factoring even with personal credit issues, recent business losses, or tax arrears. This is one of the main reasons factoring is preferred over traditional lending for many growing businesses.
How is factoring different from a line of credit?
A line of credit is debt — you borrow against an approved limit and pay interest plus principal. Factoring is the sale of an asset (the invoice) — no debt is created and there are no monthly payments. Factoring scales automatically with your sales (more invoices = more funding), while a line of credit has a fixed cap. Many clients use both: factoring for receivable-driven cash flow, a line of credit for everything else.
How fast can I get started?
Most factoring facilities are approved within 48 hours. Once approved, your first invoice can be funded within 24 hours of submission. Subsequent invoices are funded same-day in most cases. The full setup — application to first funded invoice — is typically complete within 3 to 5 business days.