Non-recourse factoring with insurance

About the product

Within non-recourse factoring with insurance apart from obtaining quick financing, settlement and collection of the receivables you will be protected against lack of payment for goods or services sold.

Cooperation between the Bank and an insurance company gives your Company an opportunity to report for transactions not only domestic but also foreign companies and the counterparty's evaluation and granting them a limit does not require the presentation of financial statements. Settlements within the factoring agreement are in PLN as well as in foreign currencies.

Benefits:

  • Access to financing of purchased receivables under the limit granted to the Customer and counterparty limits without additional collateral.
  • Financing can be obtained on the basis of lists of receivables submitted electronically via the WEB Faktor application provided by the Bank.
  • Protection against the risk of repayment delay by counterparties.
  • The Bank takes over activities connected with monitoring and claiming the receivables.

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

Related products

Current account

Effectively manage financial flows in a company and benefit from the Bank's comprehensive product range.

Current account overdraft facility

Adjust incomes on your account to have money to cover various payments connected with the day-to-day operation of your business.

Working capital loan

Get extra funding to cover liabilities resulting from financing working assets.

Revolving loan

Get additional money to pay your suppliers even more efficiently and be prepared for unexpected business expenses.

Export letter of credit

Ensure that your counterparty does not resign from the agreement.