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Factoring - securities free loan facility
You need a security-free loan facility? Factoring is the best solution!
What is factoring?
A financing alternative for the circulating capital – WITH NO COLLATERALS
The operation under which the client, referred as “adherent” sells its business invoices to the Factoring Company, referred to as “factor”.
What does factoring provides to its clients?
Covers the risk regarding debtors’ failure to pay
In case of domestic factoring in RON the Factor undertakes the risk of debtors’ non-collection up to 80% of the receivable amount. In case of export operations, the Factor undertakes the debtors’ non-collection risk up to 100% of the receivable amount
Advantages:
• Financing in maximum 24 h after receiving your invoice!
• No corporal securities required – The sole security consists of invoices!
• No turnover requirements!
• Simple approving documentation!
What activities are recommended for factoring?
• Most economic businesses, in particular those related to consumer goods trade, serial production and services.
What clients are recommended for factoring?
• Companies with a fast turnover increase
• Companies that have no other securities except their own collections
• Start-up companies
• Companies that mainly have sales on term
• Companies with new customers – protection against the non-payment risk
• Companies that may increase the delivery volume in case of longer terms of payment
• Companies that may increase the price in case of longer terms of payment
