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

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

Ban on issuing bank cheques
Delinquencies on loans in the Credit Risk Centre
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.