Factoring - Bank Spółdzielczy w Szczytnie

ADVANTAGES:

• One monthly subscription fee, independent of the WIBOR rate
• Minimum documents and no fee for the month in which the Factoring Agreement was signed
• Ability to calculate the total factoring cost in advance
• No fees in case of terminating the Factoring Agreement
• Simple factoring application
• Additional services (management of clients' settlement accounts and monitoring and enforcing payments)
• Limit from 100,000 PLN to 1 million PLN
• Financing level of 80% of the gross value of receivables
• Payment terms from 14 to 90 days
• Currency PLN and EUR

FACTORED RECEIVABLES ARE A PROVEN SOLUTION FOR COMPANIES THAT:

• Sell with deferred payment terms of up to 180 days (trade credit).
• Maintain ongoing cooperation with numerous Contractors, characterized by repeatability (cyclicality).
• Have financial results for a full 12 months or have been in business for at least 18 months.
• Account for their finances under full or simplified accounting principles.
• Prefer to outsource the management of receivables to a specialized financial institution.
• Have an acceptable structure of receivables and obligations.
• Want to improve financial liquidity and speed up the collection of receivables.
• Are looking for ways to verify Contractors.
• Aim to improve the timeliness of payments from Contractors.
• Plan to secure themselves against Contractor insolvency (full factoring).
• Are dynamically developing, which creates additional needs for quick access to financing.
• Have the opportunity to obtain price discounts from their Suppliers for early payment of obligations.

THE SUBJECT OF A FACTORING TRANSACTION MAY BE RECEIVABLES

• in domestic or foreign trade,
• undisputed, non-cash and not subject to offsets, with payment terms not exceeding 180 days
• not covered by prohibition of assignment,
• properly documented,
• not encumbered by the rights of third parties,
• not subject to court, enforcement, administrative, remedial or bankruptcy proceedings.

OFFER

• Factoring with recourse (otherwise known as incomplete): domestic
• Factoring without recourse with insurance (otherwise known as full): domestic and export
• Reverse factoring for financing supplies: domestic and import
• Non-standard transactions

BENEFITS AND ADVANTAGES OF FACTORING

• Improvement of financial liquidity.
• Quick access to cash.
• No need to engage assets for collateral.
• Flexible financing tailored to the scale of turnover.
• Ability to provide longer payment terms for clients.
• Increase in sales.
• Increase in competitiveness (extension of payment terms for Contractors, discounts from Suppliers).
• Reduction of the risk of non-payment from Contractors.
• Adjustment of financing level to the needs of the Company.
• Administration and monitoring of receivables.
• Improvement of payment discipline among Contractors.

Ask for an offer at your advisor's office or send a request for an offer through our website

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