Financial Services


Factoring is a product that helps companies that have slow-paying clients. These companies usually can’t wait 30 to 60 days to get paid by clients. Factoring your invoices provides you with cash that you can use to run your business.

Why Would a Company use Factoring? The simple answer to this is to speed up access to funds and incoming cash flow, as receiving payment for invoices can sometimes be a lengthy process.

How do I choose a factoring company

When choosing a factoring company, make sure you choose a company that offers flexibility. Some companies require long-term contracts, pre-payment penalties and/or monthly minimums. Additionally, choose a factoring company that allows you to choose which invoices you want to factor

shipment product that means financing bank will be able to discount the bill of exchange only after the shipment of the goods happens.

How much do factors charge

It is the fee the factoring company charge you, usually on a weekly or monthly basis, for releasing the cash to you. These factoring charges are worked out on a percentage basis of the invoice value, typically ranging between 0.5 – 5%.