Run payroll every week while your clients take 60 days to pay.

Provida funds your approved invoices so the gap between payroll and payment stops limiting how many people you can place. For staffing agencies whose financing needs fall outside 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

General labour, 2 weeks, 640 hrs at $34.00	$21,760
Forklift operators, 2 weeks, 280 hrs at $38.00	$10,640
Total	$32,400

Up to $27,540Paid to you

$1,620Funding 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

Are your CRA payroll remittances up to date?

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

Can I use this to cover weekly payroll?

Yes. That is what most staffing agencies use it for. You invoice your client, we advance against that invoice, and you run payroll on schedule instead of waiting for the client to pay.

Why do you ask about CRA remittances?

Unpaid source deductions can rank ahead of any lender. Being current is one of the things we confirm before setting up a facility, so it helps to know early.

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.