How does EBF Compare to a Typical
Factoring Company


EBF has a different lending criteria than that used by a traditional bank.

When selecting a Factor, it is important to consider that all factors operate differently. It is essential to select a factor that is a good fit for the needs of the client.

EBF's approach is to have as little involvement with a client's customer as possible. They allow clients to do their own invoicing and do not make collection calls to the client's customers.

Why EBF?

Approach	EBF’s approach is to have as little involvement as possible in the client’s day-to-day operation and with their customers.
Other factors	Take on the role of a client’s A/R department. They set the credit limit for each customer, send out the invoices and make the collection calls.
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Invoicing	EBF allows clients to prepare and mail out their own invoices.
Other factors	Require clients to send them multiple copies of their invoices, which they will send to the client’s customers on their behalf.
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Collection Calls	EBF does not make collection calls to the client’s customers. (unless the account is in default)
Other factors	Will insist on making collection calls to their client’s customers. Customers may be offended and feel an invoice has been sent to a collection agency.
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Reporting	EBF provides excellent reporting to our clients within 24 hours on every transaction.
Other factors	Provide a report once or twice a month. They do not provide clients with a copy of payment cheques.
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Contract	EBF has an open contract. There are no term or volume commitments and the client may choose the invoices and customers they wish to factor.
Other factors	Require a long term 1-2 year contract. Many have minimum / maximum monthly requirements and require clients to factor all of their invoices.
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Fees	EBF charges a one time due diligence fee. Their only other fee is the discount charged on the invoice factored.
Other factors	Other Factors may charge a variety of additional fees that can add up to substantial amounts. These may include: • Facility fees • Audit fees • Transaction fees • Monthly fees • Minimum yearly fees
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