Factoring (Receivables Finance)

Factoring or Receivables Finance improves a Corporate Client’s cash-flow by freeing up cash from Receivables.

The Factoring Service helps our Corporate Clients to effectively manage Accounts Receivables - theywill be effectively executed by SDM-Bank.

Factoring provides immediate cash flow for our Clients against credit-worthy outstanding Invoices due to the Client. The Bank, in effect, buys Accounts Receivables from the Client for cash and provides the Company with Accounts Receivables management services based on a Factoring agreement.

This product is popular with our Corporate Clients who want to increase the company’s cash flow.

SDM-BANK'S FACTORING SOLUTIONS ARE VERY COMPETITEVE BECAUSE:

• The factoring agreement is not limited in time.
• No minimum limit on financing amount.
• Instant Funding on the Day of Receipt and Document Submission
• Preferential Financing Terms for High Credit Quality Clients
• 15 days grace period in the case of overdue debtor’s payment.
• Funding of up to 90% of the amount of supply.
• Financing terms for up to 90 days.

TO INITIATE A FACTORING FRAMEWORK OUR CLIENTS NEED TO: