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.
