Factoring

June 11, 2019 By Mike Labrecque Leave a Comment

Factoring is a financial transaction and a type of debtor finance in which a business sells its accounts receivable (i.e., invoices) to a third party (called a factor) at a discount. A business will sometimes factor its receivable assets to meet its present and immediate cash needs.

If you’d like further information to help improve your cash flow with factoring, please feel free to reach out as shown below.

At Labrecque Business Consulting, we have a passion for business and a desire to help!

Mike Labrecque

Business Finance Consultant

Labrecque Business Consulting

C 778-835-0091

E labrecquebc@me.com

W mikelabrecque.com

P.O. Box 20067

Qualicum Beach, B.C.

V9K 0B1

About Mike Labrecque

Mike served in the banking industry for 41 years. His roles included senior leadership and management of multiple locations, sales management, risk management, change management, management of strategic partnerships and taking teams to the next level.

The REAL DEAL

I worked in the Regional Office in the Sales Effectiveness Department of BC & Yukon Region and for a two year period had the opportunity to work with Mike in his capacity as Associate Vice President (AVP). Mike’s district was one of the top in the Region under his leadership and as a direct result of his capabilities, he maintained a margin of excellence for sales achievement, employee retention and customer satisfaction that was in the top of the entire Region. He is a passionate leader – passionate for his team, client satisfaction, employee satisfaction and overall excellence in operations and administration. Mike was the REAL DEAL. It was an honour supporting his district and continual positive feedback was heard by myself from his leadership team right to the clerical staff in each of his branches. He Was a great asset to the Region and the Bank. I am fully supportive of his pursuit of another career with CIBC in a similar capacity – he would be a great acquisition for CIBC and the Region.

Steve Brent

Sun Life Financial Advisor

Sun Life Financial

Strong business leader

Mike is a very strong business leader with a great balance between focus on the client, employee, and shareholder. Mike has a lead by example approach and his enthusiasm and passion enhance his effectiveness as a leader.

Dave Kelly

Senior Vice President, Private Wealth Management

TD Wealth at TD

Factoring

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