Built for Canadian businesses whose financing needs fall outside traditional bank criteria. Provida turns your unpaid invoices into cash, so you can pay your team and other operating costs, and take on new work.
Send us an invoice and we advance most of its value to your account. When your customer pays, we send you the balance, less our fee.
See if you qualifyProvida Financial is a Calgary-based private lender. For over 10 years we have provided receivables financing to companies that invoice other businesses and need their cash sooner than their customers pay.
We look at the quality of your invoices and the customers behind them, as well as your financial position. That lets us fund growing companies, businesses working through a change, and sectors that move faster than a traditional bank approval process.
You work directly with experienced lenders who make the decisions and stay involved for the life of your facility.
Each one is set up around how your revenue comes in and who pays you.
For established companies
Up to $5,000,000
Immediate liquidity against your outstanding receivables, for trucking, staffing, services and more.
Typically up to 2,000 boe/d
Marketing agreement assignment
Funding secured by the assignment of your production marketing agreement.
For smaller businesses
$30,000 to $100,000
Invoice funding for smaller businesses that invoice other businesses, with a simple process from first call to funding.
For over 10 years, we have worked alongside monitors, trustees, receivers, insolvency counsel and lenders' special loans teams. When a client needs interim financing in a proceeding, or a new lender to carry it out of its current relationship, we can be that lender.
CCAA, BIA proposals and receiverships
Up to $5,000,000
Court-approved interim financing that keeps your client operating while the plan comes together.
Bank transitions and post-restructuring
Up to $5,000,000
A lender to take your client out of its current relationship or its DIP facility, and carry it until it is bankable again.
We start with your business and build the facility around it.
You talk to the people who decide. We move quickly once we have what we need.
Advance rates, limits and reporting are set around your customers and your cash cycle.
You see what the facility costs before you sign, written in plain language.
The same team that sets up your facility works with you as your business changes.
Most of our clients come to us at one of these moments.
New contracts mean payroll and costs now, while payment arrives in 30+ days.
Your receivables are sound even if your recent results are not. We fund against the invoices. In a formal restructuring, see our DIP and exit financing.
Seasonal swings, a large customer paying slowly, or a big order to fill before you get paid.
Tell us about your business, your customers and how much you need. We reply within one business day.
Your receivables aging, recent financial statements and a few invoices to get started. After that, we tell you exactly what we need.
We review your customers and set terms around your business, then walk you through onboarding.
Submit your invoices and the advance goes to your account. Draw new advances as you bill.
Any company that invoices other businesses can qualify. These are the sectors we work with most.
Provida has been funding Canadian businesses for over 10 years. Our team has worked through every part of the credit cycle, and we bring that experience to each facility we set up.
About ProvidaWe work with brokers, accountants and advisors across Canada. Send us a deal and we will tell you quickly whether it fits.
Partner with usTell us about your business. A member of our team will contact you within one business day.
