Factoring is a service that allows legal entities and private entrepreneurs in order to finance their working capital sells their accounts receivable from Buyers to a Factor (Bank).In other words payments according to the agent agreement and implemented by the factor (Bank) before the sales took place. The customer is not required to pay off in short term. Both sides minimize the risks, provide the constant business operations and increase their funds in cash.
Advantages of factoring service:
Reducing payment risks in trade operations.
Constant trade operations and production process.
Quick acquisition of 90% of cash of the issued loan sum.
Increasing turnover funds, and convenient financing.
Mutually beneficial partnership between provider and customer.