Data Sheet
Full Factoring
  An additional financing source, with no ceiling, and shorter payment terms.
 
Companies concerned
Industrial, commercial or craft companies.
Purpose
The company receives a 3 in 1 service, i.e. credit-insurance, the management of assigned debts and financing.
Operations
Invoicing to industrial, commercial or craft enterprises, and to public administrations. In principle, the following are not financed: down-payments, intermediary invoicing and interim valuations.
Geographical cover
Domestic and export.
Management of outstanding
By assigning these invoices to a Factoring House, the company frees itself from having to manage this item and can concentrate on its true line of business. The Factoring House manages the client account: follow-up, recovery and collection, and provides the company with detailed management reports.
Financing
Financing available within a maximum of 48 hours. On its own, the company decides on the amount which it might require and exactly when it will need these funds.
Credit-insurance
An individual guarantee request must be made to the Factoring House prior to the assignment of invoices. The coverage for the assigned debt is 100% of the amount, tax included.
Cost
The management, coverage and recovery generate a factoring commission.
The release of the funds generates a financing commission.
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