You did the work in October. Your client pays in December.

Provida funds the invoices you send to property managers, corporate clients and institutions, so you don’t have to wait on their payment cycle. For service companies whose financing needs are not well served by traditional bank criteria.

Facilities from $30,000 to $100,000
Available across Canada, excluding Quebec
Provida Financial has funded Canadian businesses for over ten years

InvoiceExample

Bill to: your customerTerms: Net 60

Mobile patrol, 3 sites, October	$14,500
Static guard coverage, 2 sites, October	$10,500
Total	$25,000

Up to $21,250Paid to you

$1,250Funding fee

Illustrative example: 85% advance, and a funding fee of 2.5% of the invoice amount per 30 days on an invoice paid in 60 days. Advance rates depend on your business and your customers. Every facility is subject to approval.

What happens next

Register your interestTwo minutes. No documents needed yet.
Talk with our teamA person from Provida calls you within one business day to learn more. Relevant documentation will be requested at this point.
Set up your facilityIf it is a fit, we’ll walk you through our seamless onboarding process.

Register interest

Your name

Business name

Phone

Province or territory

Time in business

Annual revenues

Monthly invoicing to business customers

Amount requested

What services do you provide?

Provida Financial may contact me by phone and email about this request.

Also send me occasional updates about Provida's funding programs. I can unsubscribe at any time.

We use your details only to respond to this request and as described in our privacy policy.

Questions

Most of my revenue comes from one or two contracts. Is that a problem?

Not by itself. We look at the credit of the customers you bill. A strong customer can support a large share of your facility.

Do you fund recurring monthly invoices?

Yes. Recurring invoices to the same customers are the simplest to fund, because the customer and the billing pattern are already known.

Is this a loan?

It is invoice funding. We advance cash against invoices you have already issued to business customers. There is no fixed repayment schedule. Each advance is settled when your customer pays the invoice.

Will my customers know?

Yes. Your invoices tell your customers to pay a Provida account. It is a standard arrangement in your industry and we handle it professionally.

What does it cost?

A flat funding fee of 2.5% of the invoice amount for each 30 days the invoice is outstanding. There is no long-term contract.

Who qualifies?

Canadian registered businesses outside Quebec, operating for at least 12 months, invoicing other businesses, with CRA remittances up to date.