Agent factoring
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
- 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
Shipment
Your supplier ships products or provides a service on payment deferral basis
Documents
You submit your documents to a factoring company
Financing
The factoring company funds up to 100% of goods on delivery based of the shipping documents
Payment
You pay the full amount to the factoring company at the end of the payment deferral period
Fees
You transfer the factoring service payment
Factoring service fees depend on:
- Amount of transferred accounts receivable1
- Quality and quantity of transferred counterparties2
- Payment deferral period3