Factoring

Purchase of receivables - simple and quick

Factoring

Purchase of receivables - simple and quick

Find out more

What is factoring?

 

Factoring is a form of short-term financing through repurchase of quality undue receivables from your customers, 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.

The subject of purchase of receivables are undue receivables arising from the sold goods or delivered services, freely transferable and verified by the debtor (buyer).

 

Benefits of factoring

  • Simple and quick access to financing

    Simple and quick access to financing

    Get financing quickly and easily through sale of undue receivables without taking on any debt or impacting your credit rating, and without standard security instruments.

     

  • Improved liquidity and cash flow management

    Improved liquidity and cash flow management

    Obtain collection of receivables immediately after delivery - by selling your receivables before maturity date, thus improving cash flow of your company. By making timely payments to your suppliers, check possibilities to make supplier discounts. Increase competitiveness of your company by selling receivables to the bank, if you want to provide your customers with extended payment terms without additional guarantees.

  • Protection against risk of non-payment

    Protection against risk of non-payment

    Protect your company against the risk of non-payment from customers with Non-recourse Factoring, in which the bank assumes the risk of collecting from the debtor (buyer).
     

     

  • More time and resources to focus on your business

    More time and resources to focus on your business

    Use funds received from selling your receivables before maturity date for new business opportunities and further business expansion. By transferring collection of receivables, you can focus on your sales activities and reduce the cost of your business.

  • Expertise and experience in factoring business

    Expertise and experience in factoring business

    Our employees have a longstanding experience and expertise in factoring business. With our individual approach and partnership we monitor your needs and create the best solutions for receivables management and financing based on the purchase of receivables.

Reverse factoring

 

Take advantage of Reverse factoring:

- deferred payment of invoices,
- getting a discount from a supplier for early payment,
- payment of invoices of domestic and foreign suppliers.

 
With Reverse factoring you instruct the Bank to pay the invoices of your domestic and foreign suppliers for the delivered goods and services instead of you, and you pay the bank upon invoice maturity, with the possibility of deferred payment.
Financing is done in HRK or foreign currency, by payment to the transaction account of the supplier.

 

 

Expertise and experience in factoring business

Our employees have a longstanding experience and expertise in factoring business. Using individual and partnership approach we create the best solutions to suit your needs for receivables financing.

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