Factoring

Factoring

InfinBank provides factoring services for entrepreneurs whose goal is to increase working capital, as well as the turnover of accounts payable and receivable. Legal entities seeking to increase their working capital can now take advantage of factoring services for up to 90 days.

Factoring is a method of financing for suppliers. They pass on to the bank the right to receive money for goods, work or services that have not yet been paid for by the payers. This can happen with or without regression.

Main advantages of factoring:

• Providing the seller with working capital in a timely manner. Entrepreneurs can quickly access financing, allowing them to avoid cash flow gaps.

• Uninterrupted production cycle. Suppliers can focus on production and sales without the distraction of accounts receivables collections.

• Revenue generation by the factoring company. This creates additional opportunities for optimization of financial flows.

Absence of delinquent accounts payable of the payer is a mandatory condition for rendering factoring services.

“InfinBANK always aims to provide a relevant service for business development,” shared the Bank.

InfinBANK's terms and conditions:

• The factoring amount is determined based on the client's solvency or in the amount of accounts receivable.

• Payment is made by bank transfer in national or foreign currency.

• Factoring term - up to 90 days.

Required documents for factoring:

1. Agreement of sale, performance of works and rendering of services, drawn up in accordance with the established procedure and signed by the payer.

2. Documents confirming provision of tangible assets, performance of work and rendering of services ( invoices, copies of powers of attorney, certificates of acceptance of work, etc.).

3. List of bank accounts opened by the payer in other banks.

4. Balance sheet (Form No.1), statement of financial results (Form No.2), distribution of accounts receivable and payable with indication of the date of occurrence, submitted to the relevant state tax inspectorate of the payer, for the last reporting year and the 1st day of the current month.

Why choose factoring from InfinBANK?

Factoring from InfinBANK is not just financing, it is a strategic tool for business growth. Entrepreneurs using factoring get the opportunity to:

• Accelerate capital turnover, which is important in a dynamic market.

• Reduce risks associated with non-payment by customers, thanks to the bank's professional approach to analyzing accounts receivable.

• Optimize financial management and focus on key aspects of your business.

Use factoring services from InfinBANK and open new horizons for your business!