Purchase of receivables - simple and quick financing: Factoring
Factoring is a form of short-term financing through purchase of quality undue receivables, arising from the sold goods or delivered services.
Bank pays to the Client amount of 100% of purchased receivables before maturity, less the amount of interest and fees charged. At maturity date the debtor (buyer) effects payment to the bank, thereby settling the purchased receivables.
Simple and fast execution
Quickly and easily arrange financing by purchasing overdue receivables without taking on new debt, reducing your creditworthiness or using standard collateral
instruments
Improvement of creditworthiness
Convert your receivables into cash using factoring, thus reducing the need for short-term financing
Protection against the risk of non-payment by customers
Protect yourself from the risk of non-payment by customers with non-recourse factoring, where the bank assumes the risk of collection from the debtor (customer)
A leverage for further business expansion
Use the funds obtained from the early sale of receivables to invest in new projects and further business expansion. By transferring the monitoring of the collection of assigned receivables, you can focus your time on your own sales activities and reduce your business costs.
Improved liquidity and better cash flow management
Achieve payment for your sales immediately upon delivery – by selling receivables before their due date – and improve your company's cash flow. We immediately pay you the amount of the purchased receivables, minus the calculated interest and fees.
By making timely payments to your suppliers, check your ability to obtain additional discounts or rebates. Increase your competitiveness by selling receivables to the bank if you want to offer your customers extended payment terms without additional guarantees.
Expertise and experience in factoring services
Our employees have years of experience and expertise in factoring services. With a personalized approach and a partnership relationship, we monitor your needs and create the best financing solutions based on the sale of receivables.
