Factoring
Prompt raising finance for deferred payments
About the product
Factoring is a way of financing accounts receivable in case of deferral of payment from a counterparty. If your company is granted deferral of payment under the contract, the Bank will finance the delivery within one day against shipment documents and will wait for transfer of funds from the buyer in accordance with the contract. Most often factoring is used for supply of goods to chain stores or to large distributors.
Basic conditions
- Payment of up to 90% of receivables
- Additional period of waiting a payment after the end of the period provided for by the contract – 20 days
- Interest rate from 10.5% per annum
Advantages
- Financing on the day of application
- Factoring contract made for an unlimited duration
- No commission for unselected limit
- Possibility of changing debtors and allocation of limits among them
- Electronic document flow
4 steps to receive factoring
- Complete the application form on the website of call +7(495)705-90-90 or 8(800)200-02-23 to get advice
- Provide the Bank with a set of documents. Within a few days the Bank will make a preliminary decision on providing factoring to Your company
- Sign the factoring contract and the accompanying documents
- Use factoring
