Factoring

What?

Factoring is a modern financial service which includes short-term financing of companies based on redemption of future outstanding receivables arising from sale of goods and services.

How?

Cash funds are available immediately upon sale of accounts receivable to the bank which instead of you collects payments i keeps records on receivables. In certain cases, accounts receivable insurance is also available.

Why?

If you sell goods or provide services on deferred payment terms up to 180 days, you have long-term cooperation with your buyers/debtors, and you need additional working capital – factoring is ideal solution for you.

How does factoring function?
Advantages of factoring
Steps in factoring
Price of factoring