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    Factoring

    Factoring in brief Benefits Good to know Calculator Grant conditions Documents required Example I want factoring

    Factoring in brief

    It's simple: when you want to protect yourself from the risk of default by your partners, turn to factoring. We can help you collect your invoices ahead of schedule, which will also save you another headache: cash.


    I want factoring

    Benefits

    • m You cash in your bills faster, turning a late payment into immediate cash, which helps you pay current expenses.
    • m Pay suppliers faster and get discounts from them
    • m You get faster receipts - you have lower financing costs
    • m You have higher sales, you have higher receivables, so you get higher financing
    • m You have non-payment risk insurance (non-recourse factoring), i.e. you eliminate losses from uncollected receivables or bad debt customers
    • m Because we manage your claims, you save on administrative and staff costs
    • m Increase sales by offering your customers longer payment terms
    • m All this can mean an advantage over your competitors 

    Good to know

    • It is not necessary to justify the destination of the money
    • You don't need any additional warranties
    • Self-reimbursable facility
    • Automatic (digital) financing process through BT Web Factoring


    I want factoring

    Factoring calculator

    Find out how much you can get based on the bills you have to pay.

    Conditions for granting

    In order to receive credit, you must have a business relationship with that partner, based on a contract or an order. In addition, make sure your company does not have:

    • m Ban on issuing bank cheques
    • m Delinquencies on loans in the Credit Risk Centre
    • m Active entries in the Insolvency Proceedings Bulletin

    Required documents

    • Tax invoice together with the documents established in the relationship with your partner
    • Copy of the latest financial statements
    • Tax attestation certificate
    • Legal/constitutional approval of the contracting of the factoring facility and the persons empowered to engage the company


    I want factoring

    Example

    Your company has a recurring relationship with a customer and you issue invoices to the customer with a 60-day payment term.

    Under the factoring contract with us, after delivery and receipt of the goods, you can collect up to 100% of the value of an invoice. When the invoice is due, your partner pays the invoice into the factoring collector account and the financing is extinguished and we transfer the difference (if any) to your current account.

    We also manage and collect your bills amicably. In addition, we cover the risk of non-collection (non-recourse factoring). What does this mean?

    If your customer goes into insolvency or prolonged default and invoices are not affected by the commercial dispute, after a contractually agreed period, you recover the insured percentage.

    With professionalism and care for your business relationships, through factoring we help you grow your business healthily.

    I want factoring

    Fill in the form below and we'll call you to discuss the details.

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    Search suggestions
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    AI Search provides automatically generated answers, using GPT-4o technology, which may contain inaccurate or potentially offensive content that does not represent the views of Banca Transilvania. You are solely responsible for your use of the content generated by this service. .
    Terms and conditions

    Disclaimer

    AI Search is a pilot project - in beta - that uses GPT-4o technology to simplify the process of finding and understanding banking products.

    AI Search is trained to answer questions that are exclusively related to the banking products offered by BT, but in certain situations and depending on the questions asked, it may also answer general questions. The answers provided are automatically generated and are to be used for information purposes only. The service may sometimes provide inaccurate or potentially offensive content, which does not represent the views of Banca Transilvania. You are solely responsible for your use of the content generated by this service in any way. Do not rely on this service for financial, legal or other professional advice and do not enter personal data or other confidential information into this service.

    Use of AI Search implies acceptance of the Terms and Conditions.

    Access to and use of the service implies your unreserved acceptance of these terms and conditions. If you do not agree to them, please do not use this service. By accepting the terms and conditions to use this service provided algorithmically by an artificial intelligence model, you assume the entire risk as to the quality, safety and performance of this service.

    Banca Transilvania does not provide any guarantee in relation to the answers provided by this service.

    AI Search provides responses algorithmically and these may sometimes contain inaccurate information or potentially offensive language. This information does not express the position of Banca Transilvania and cannot engage the responsibility of the Bank for the content provided.

    AI Search does not provide answers to personalized questions, so by using it you are obligated not to provide or enter any personal data or other confidential information in your messages/questions. In case you do not comply with this obligation, by inserting personal data/confidential information in AI Search, you consent to their processing for the purpose of providing the service (answers to the questions you ask), as well as for the improvement of the algorithmic model of the robot by its developer.

    Any information provided by users during their interaction with AI Search will be treated confidentially and will only be disclosed to recipients who have a right and need to know.

    The content provided by AI Search is for information purposes only.

    Users are responsible for the questions and messages asked when using AI Search. Any abuse or inappropriate language may result in the interruption of the interaction.

    AI Search does not provide financial, legal or professional advice and is not a substitute for consulting human experts or professionals specialising in the field. Users should not rely on the information provided by AI Search in making decisions.

    The Bank reserves the right to discontinue the AI Search service at any time without prior notice.

    Terms and conditions may be revised/updated at any time.

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