Medium and large sized companies with:

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

The Client gives Business Finance an assessment of the Debtors.  

The assessment of Debtors can be done directly by Business Finance otherwise by a correspondent  (Import Factor), based in the country of the Debtor.  In the latter case, the Import Factor will also be responsible for collection of debts and transfer of funds cashed to Business Finance

Business Finance underwrites the 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 debts                 

The Debtor channels payments to Business Finance, directly or by Import Factor                

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

With or without notification
With or without finance
Without recourse/With recourse
With or without written acceptance of the Introductory Letter from the Debtor.

Cover against risk of export debtor solvency
Debt management and control
Diverse sources of finance.

Links

• Recourse Factoring
• Non Recourse Factoring
• Reverse (Supplier) Factoring