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SDM-BANK starts factoring in St.Petersburg.

SDM-BANK starts factoring service in St. Petersburg. Factoring helps the companies, working on terms of deferred payments, to solve the problem of lack of floating assets. SDM-BANK offers factoring service in Moscow since 2006.
The head of SDM-BANK Loan Division Mr. Sergey Kozlov notices: “Factoring service, offered by SDM-BANK, includes not only financial services, when the client assigns accounts receivable to the bank, but also servicing of the debtor.”
In Mr. Kozlov’s opinion, factoring conditions were developed according to the SDM-BANK client’s demands. Financing facility is up to 90% from the delivery amount. Financing is extended on the day of the client’s request. The supplies are financed for a term of 90 days; besides there is no any minimal limit for the amount of financing.