Factoring

Factoring is our fast and reliable financing service that ensures that you get your outstanding invoices paid within 24 hours. Optimise your cash flow, forget about long payment terms and income uncertainty. Opt for reliable factoring and experience financial stability.

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What is factoring

Factoring is a form of financing that simplifies the billing process. It offers a flexible solution to cash flow issues and improves your financial position. As a self-employed person, you are no longer dependent on payment terms, which means that your company's liquidity increases more quickly.

The factoring process

Our Faqtoring label's approach is simple and efficient. Create an account, upload your outstanding invoices and choose a factoring package. We review and check the invoices. Depending on the package chosen, we will deposit the invoice amount into your account. In addition, we assume the risk of default and arrange full debtor management.

Experiences

“With the help of Faqtoring, I can fully focus on my freelance work without any worries about receiving payments. Because I have direct access to the money for ongoing projects and business expenses, my cash flow problems have been solved.”

Carlijn van der Meulen

Freelancer

JUNE 26, 2023

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The benefits of
factoring

Improved cash flow for stable operations and expenses

No dependence on long payment terms from customers.

Fewer risks by outsourcing debtor management and collection.

Read our FAQ for more information

What types of invoices can I sell?

All outstanding invoices from SMEs and freelancers above a value of €5000.

How much does factoring cost?

We use a percentage of between 3-5% of the invoice value excluding VAT. The percentage depends on the debtor's payment period (30, 45 or 60 days) and the chosen package.

- Paid within 1 day
‍- Paid within 3 days
-Paid within 5 days

What happens if my customer doesn't pay?

We take full responsibility for the collection and the risk of non-payment. Before taking over the invoices, we carefully screen the debtor for creditworthiness. All you have to do is keep an eye on the debtor's financial situation.

Can I use factoring if I have a loan?

Loans are not checked with the freelancer or company. We only control the debtor.

What is the difference between factoring and a bank loan?

Factoring is the sale of outstanding invoices to a factoring company for direct cash flow and a bank loan involves borrowing money from a bank and later repaying it with interest.