As I already told you in the previous article, factoring contains several services in one product and is more than just financing.

We can say that it is a flexible tool that can combine, depending on the type of product, at least two of the following services: payment before due date of a percentage of the value of the invoices issued to your partners, administration and amicable collection of these invoices and optionally taking over the risk of non-payment of your partners.

Why choose factoring?

• You get an advance on invoices issued to your partners, before their due date. Basically, you turn a payment on time into immediate cash.
• It is a self-reimbursable facility . If the goods are delivered and received/service rendered and accepted, you don't have to worry anymore, the amounts advanced are reimbursed by collecting invoices from your partners.
• No collateral - the facility is based on the assignment of the commercial relationship with your partner, so it does not require real estate/land collateral, which you can use for investment loans or other projects of your company.
• If you have higher sales, you have higher receivables. That means you get more financing.
• You can offer commercial advantages to your partners, namely longer payment terms.
• You pay your suppliers faster, and that way you can get discounts from them.
• You evaluate your customer portfolio with the help of the bank and build your sales strategy.
• If you also opt for default risk insurance, you can eliminate losses from uncollected receivables or bad debt customers.
• You have better collection, so you have faster receipts. In other words, you have lower financing costs.
• You have debt management through the bank. Specifically, you save on staff and administrative costs.

Why choose factoring at BT?

• We have more than 10 years of experience, we manage annually more than 500 factoring transactions with volumes of more than EUR 500 million.
• We have all types of domestic/export factoring with/without recourse on the shelf, so you can choose according to your business need
• We are #digitalbanking, so you benefit from factoring services directly from home
• We have factoring specialists who help us to offer you the best solutions