For which companies?
Finance & Insurance advices companies looking for broader financing than a regular bank can offer. Finance & Insurance looks at the total volume of trade of a company, pays special attention to the quality of handling deliveries, the quality of the buyers, the spread in outstanding receivables and the risk of non-payment and focuses less on the balance sheet. This enables an earlier, broader and longer way of financing. The percentage of financing can be increased from the usual 60% to 85 or 90% of the outstanding receivables.
To qualify for the high financing percentage, certain conditions (see diagram) need to be satisfied. If you meet these conditions and want to know whether and when you can benefit from factoring, please contact Finance & Insurance.
In the current market situation it is no longer necessary to hand over creditmanagement when financing. Under certain conditions it is allowed to do your own credit management, so that your buyer will not be aware of the fact that you cooperate with a factorcompany.
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The advantages of factoring:
- quick extra financial scope
- longer financing terms
- professional creditmanagement
- discount on purchases
- international payment
- up-to-date insight in your financial situation
Successful enterprising
A lot of companies have their working capital structurally locked up in their account receivables. As a consequence there in not enough financial capacity for necessary investments. By financing based upon your account receivables you can be offered a credit that grows with the turnover of your company. We look for financing companies that can offer al onger term of financing and a higher percentage of financing. This enables you to do business successfully (again).
Quick extra financial scope
When factoring based on accounts receivable, you have extra financial scope 1 day after you have sent in the invoices.
Longer financing term
Banks normally finance an invoice till 90 days after date of invoicing; With factoring financing up to 90 days after the due date of the invoice is possible.
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