Factoring

Factoring – a complex of financial services (financing of goods supply, credit risk insurance, accounts receivable status and work with debtors for timely payment), which is provided to the customer after the debtors debt is transferred to the bank.

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Factoring advantages:

  • a convenient way to replenish working capital;

  • accelerating the movement of capital;

  • increase the volume of realized products (services rendered) and thus increase profits;

  • the opportunity to offer more attractive and advantageous payment conditions;

  • debtor debt reduction.