Municipal factoring

About the product

Municipal factoring is a product for suppliers of local authorities who are provided by the Bank with a reliable source of merchant credit financing without the need to examine their economic and financial standing. Under the factoring agreement signed with the customer the Bank acquires and finances 100% of receivables due to your company by local authorities and takes over the risk of such receivables' repayment delay. 

Benefits for the Customer:

  • Funds are received before the receivables become due and payable.
  • The Bank takes over the risk of receivables payment default
  • The financing does not require examination of your company's financial standing.
  • At any time, in a safe and convenient way, using a functional internet application WEB Faktor, you may register invoices, check factoring settlements' status and generate reports showing status of given receivables. (WEB Faktor).

Benefits for local authorities:

  • No public tender required (concerning financial services). The Bank finances existing liabilities.
  • Possibility of repayment after the receivables payment date according to the repayment schedule accepted by the Bank.

Scheme

schemat

Channels of access to product information

Internet

Wherever you are, with internet access, you can check account balances and history on a 7/24 basis, also viewing information concerning other products i.e.: cards, loans, guarantees and letters of credit, standing orders or term deposits.
At any time, in a safe and convenient way, using a functional internet application WEB Faktor, you may register invoices, check factoring settlements' status and generate reports showing status of given receivables.

Corporate branch

Get detailed information about Bank Millennium products by contacting Advisors in the Corporate Banking network.

Contact with Advisor


By phone

Our Consultants will provide you with detailed information and will carry out your instructions. 

801 31 31 31
line available for fixed-line and mobile calls

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