Convenient
Let the Bank collect and monitor payments from your buyers
Fast
Make future receivables available today
Secure
Mitigate risks arising from the insolvency of buyers
Factoring Limit available starting from 100,000 €
What is factoring?
Accounts receivables are a large part of your company’s assets? If so, we can help you with our factoring service Factoring means that we finance outstanding future receivables and collect the payments from buyers.
Furthermore, by adding credit insurance to the factoring service, the company is better protected against the insolvency of buyers.
Factoring advantages
- Simple and fast financing – takes into account the company’s growth or seasonality
- Additional collateral is generally not required – accounts receivables act as security
- Opportunity to offer buyers better payment terms and conditions – the competitiveness and liquidity of your company will improve
- Mitigation of risks arising from the insolvency of buyers – by adding credit insurance the risk associated with outstanding invoices decreases
- The Bank communicates directly with the buyers – the payment behaviour of buyers improves
Transaction procedure
The Seller supplies the goods or provides the service to the buyer specified in the factoring agreement.
The Seller submits documents after the sale of the goods or service to the Bank.
The Bank pays up to 90% of the invoice amount to the Seller and waits for the payments from the Buyer.
When the sum has been received from the Buyer, the Bank pays the retained invoice amount to the Seller.
