Medium and large sized companies with:

Growing sales
Increased exposure to consolidated and repeat customers
Exposure to new customers.

We assess and establish credit limits for Debtors introduced by the Client

Business Finance assesses the Debtors introduced by the Client and establishes credit limits for each Debtor

The Client signs the factoring contract and Introductory Letter, which is sent to each Debtor to inform of the Client's decision to sell its receivables to Business Finance             

The Client sells its receivables to Business Finance as they come into existence.  Each Debtor is notified of the transfer of receivables              

The Client receives an advance, proportional to the sum of receivables sold             

The Debtor channels the payments to Business Finance              

Business Finance credits the Client with the difference between the amount of receivables collected and the amount advanced (on net commission and agreed interests)              

We manage all aspects relating to the administration of receivables granted                    

Business Finance bears the risk of Debtor insolvency and undertakes to pay the Client within 210 days from expiry of unpaid invoices.

With or without notification
With or without finance
With or without written acceptance of the Introductory Letter from the Debtor
With or without written acceptance of the individual transfers made by the Debtor.  

Cover against business risk 
Optimization of cash flow    
Management of customer portfolio  
Off balance treatment    
Consistency in "collection/payments" cycle.     

Links

• Recourse Factoring  
• Reverse (Supplier) Factoring
• Export