Possibility to fund up to 100% of the invoice amount for the goods shipped or services rendered for the payment deferral period under the supply or service contract
Advantages of agent factoring
What you get:
Possibility to fund advance payments
Receive a discount on purchased products
Provide your suppliers with a 100% guarantee of payment for shipped products
You can raise funds for purchasing goods, raw materials from your suppliers
How an agent factoring works
1
Shipment
Your supplier ships products or provides a service on payment deferral basis
2
Documents
You submit your documents to a factoring company
3
Financing
The factoring company funds up to 100% of goods on delivery based of the shipping documents
4
Payment
You pay the full amount to the factoring company at the end of the payment deferral period
5
Fees
You transfer the factoring service payment
Factoring service fees depend on:
Amount of transferred accounts receivable
1
Quality and quantity of transferred counterparties