Who we are
We are a different kind of bank
We are Canada’s business development bank and the only financial institution devoted exclusively to entrepreneurs.
- We support entrepreneurs in all industries and at all stages of development from 118 business centres across Canada and online at bdc.ca.
- We’re committed to the long-term success of Canadian entrepreneurs and we understand that a business is more than just dollars and cents.
- We complement the role played by private-sector financial institutions and have been serving Canadian entrepreneurs since 1944.
- We are a financially sustainable Crown corporation and we operate at arm’s length from our sole shareholder, the Government of Canada.
We take pride in the success of our clients who:
$251Bin annual revenues
16%of our clients are exporters
Established in 1985 in Calgary, Factors Western has helped companies from almost every industry with their cash flow needs and given companies the opportunities to increase their business.
Factors Western can help your business to:
Convert Your Receivables to Cash
Create Reliable Cash Flow
Increase Your Business
Meet Growing Cash Flow Needs
“Factoring” is the process of converting business accounts receivable to cash, facilitating continued and stable growth, and improved efficiency of the business by creating more productive positive time for owners to better manage their companies. Factoring is not a loan, but rather the discounted sale of an asset (receivable) for immediate cash. Invoices are purchased based on the “credit worthiness” of the payer, as opposed to the more conventional lending method of evaluating the credit and security of the client.
Want to Learn More About Factoring? Click Here
We’re building sustainable, healthier communities for life, and we’re looking for new and innovative ways to do more, so that we can provide long-term value to our Clients, employees, shareholders and communities.