Factoring is the prepayment (financing) of invoices issued by your company. You get paid for the goods or services you have provided immediately (without waiting for a set deadline). Factoring ensures that you no longer have to send reminders to your customers to pay your company’s invoices, and that you no longer have to wait until you receive the money for the services/goods provided. Local or international factoring is available.
Types of factoring:
- Export – financing of invoices you issue to overseas customers.
- Reverse – financing of invoices or orders from suppliers to your company.
- Closed – financing of invoices issued to your company where the buyer is not informed.
- Tax – payment of your company’s taxes.
Requirements for the borrower:
- The company has been in business for at least one year.
- Balance sheet and profit/loss account for the previous year must be submitted.
Conditions and why you should choose
- Loan amounts from 5 000 EUR to 5 000 000 EUR.
- 1 month (30 day) interest rate from 0,5 %.
- Term to 6 months.
- Other credit collateral (surety of a natural or legal person).
- Supplementary lending.
Advice and information for people who want to get a business loan faster
- Complete the loan application form answer required fields providing correct data.
- More detailed information about the loan interest rate and terms will be provided after the preliminary decision.