Factoring is suited to companies with regular invoice-based sales and reliable buyers.
The company gets its money as soon as an invoice is submitted, improving liquidity and allowing for more rapid growth.
Only invoices issued in euros are financed.
Yes – you must have a current account in Coop Pank if you want to use factoring.
Your application should be submitted to Coop Pank along with the details of your company and buyers. We’ll then assess the risks and make a decision regarding limits.
Yes – export invoices (i.e. foreign buyers) are also accepted.
Credit insurance is not required if the buyer is solvent and reliable. However, if the buyer’s payment risk cannot be assessed, we recommend using credit insurance provided by insurance companies.
The maximum payment period is 120 days.
The minimum is 100,000 euros.