Many mainstream banks, including the Royal, offer various forms invoice discounting. Consider the following, obtained from the RBC website.

Selective Invoice Discounting

Selling your account receivables to the Bank can help you reach heights never before considered.

How can this help my business?

• Increase sales by providing extended terms to your customers.
• Turn sales into immediate cash.
• Transfer your accounts receivable risk to the Bank.
• Improve profits by allowing your business to take advantage of supplier discounts.
• Expand into the United States.

Is the product right for my business?

• Did you just sign a big contract?
• If your business is highly seasonal in nature.
• If your sales are concentrated to month / quarter end.
• If you need to provide extended trade terms to your customers.

The above was extracted from the Royal Bank's web site