Factoring services

Factoring is a type of banking service for financing in exchange for the transfer by business entities — suppliers without the right of recourse to the bank-financial agent of the right to receive payment for payment claims that are accepted by the payers for the goods delivered by them, the work performed or the services rendered, but not paid by them.


For manufacturing and service companies with a constant cash flow:

Factoring Amount - in the amount of accounts receivable

Factoring period-up to 90 days

Discount - 10%

Documents to be submitted:

  • Application for factoring
  • The decision of the founders to agree to use factoring
  • Financial statements for the last reporting year
  • Contracts for the purchase and sale, performance of works and provision of services, executed in accordance with the established procedure and signed by the payer;
  • Documents confirming the issuance of material values, the performance of works and the provision of services;
  • List of accounts opened by the payer in other banks
  • Other necessary documents.

The provision of factoring:

  • Acquired by the debtors loans

Purpose of factoring:

  • for the purchase of accounts receivable

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