Factoring is a financing method where a company sells unpaid invoices to a factoring company. In return, the company immediately receives part of the invoice amount.This helps companies to get paid quickly and to transfer the risk of late payments or default.

No, you can only upload outstanding invoices with a value above 5,000 euros.

We use various factoring packages with varying payment terms, ranging from less than 24 hours to a maximum of 5 business days.

If the debtor goes bankrupt, this has no consequences for your company. Faqtoring works with non-recourse factoring (without a right of recovery), which means that we are responsible for the risk of default.

The factoring process requires a variety of documents and information, including:

· Invoices
You need copies of all outstanding invoices that you want to submit for factoring.

· Delivery receipts
It is important to provide proof that the goods have been delivered or that the services have been completed. This can range from receipts to confirmations of completed projects.

· Debtor information
Provide basic information about your debtors, including their name, address, and contact details. This helps identify the parties you do business with.

· Invoice terms
Please ensure that copies of the invoices are provided that clearly state the terms of payment. This is necessary to manage expectations with regard to payment terms.

· Contracts and agreements
Provide the contracts and agreements you have with customers. These documents specify the nature of the goods or services provided, as well as the associated payment terms.

· Identification certificates
Make sure you have the identification documents of the persons authorized to sign the factoring agreement on behalf of the company. This ensures the validity of the agreement.

· Bank details
Provide the necessary bank information to receive payments. This is crucial for the rapid processing of financial transactions.
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· Debtor creditworthiness
Information about your customers' creditworthiness is required. It helps us assess risk and determine financing options.