Factoring benefits
- refinancing of claims (invoices) against approved customers,
- obtaining funds prior to the due date of the invoices,
- assumption of the risk of insolvency or payment unwillingness of the customers by the bank,
- securing claim management, their collection and recovery by the bank,
- using e-factoring, you gain online access to information on the approved limits, assigned claims and their payment and financing costs.
Factoring types
Non-recourse (without recourse):
If the customer does not pay the claim, the bank assumes the risk of insolvency or unwillingness to pay of the customer in the scope agreed in advance.
Recourse (with a recourse):
In case of a non-payment of the receivable by the customer, the provider shall be liable for its payment.