Recourse factoring

About the product

Recourse factoring is a solution to comprehensively manage your receivables from domestic and foreign transactions carried out by your company and financing its day-to-day business by converting receivables frozen in invoices to cash. This product strongly improves management of your receivables portfolio. Moreover, the Bank takes over activities concerning monitoring of timeliness of receivables' repayment and recovery. Settlements are both in PLN and foreign currencies.

This product is particularly attractive to companies for whom it is important to quickly convert into cash their receivables frozen in invoices.

Benefits:

  • No hidden fees connected with preliminary claiming of payments by the Bank.
  • 24/7 access to WEB Faktor application provided to you by the Bank, that support making online factoring transactions and control of the settlements' status at no additional cost.
  • No minimum amount of purchased receivables.
  • Possibility to use other factoring services (such as non-recourse factoring with insurance or receivables collection) within a single factoring agreement.

Scheme

schema

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.

Leasing

Our leasing specialists will help you propel your business.