Factoring
Recover your Accounts Receivable when your business needs it, sell us your invoice.
How does it work?
- The factoring customer (issuer) invoices its buyer (ExpoCredit) for the goods or services already delivered or loaned.
- Sell us the total amount of your invoice (ExpoCredit), without need of resource or guarantee.
- ExpoCredit anticipates between 80% and 85% of the total value of your invoice
- If possible, the debtor is notified about the sale of the invoice and new payment instructions.
- Once the debtor’s invoice has been collected, ExpoCredit will return the remaining 15% -20% of the value of your invoice, minus the fees.
Features
- Factoring without recourse does not require guarantees or endorsements
- You can finance invoices from one or more debtors
- Specific invoices can be financed, it is not necessary to finance 100% of them
- Guarantee in case of fraud or disputes
- There are no monthly minimums or penalties
- Does not generate indebtedness
- Immediate liquidity after issuance of the invoice
Added Value
- Factoring has been linked to other more traditional sources of financing; it is used today as a financial tool by companies of all sizes, whether public or private.
- Optimize your company’s resources by reducing your administration and collection costs of accounts receivable
- Increase your sales by offering credit to your customers without affecting your cash
- Convert your accounts receivable in cash
- Diversification and mitigation of credit risk
On the way to be certified:
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