Slovakia Factoring
Export factoring and accounts receivable financing can help Slovak companies with cash flow when billing exports on credit terms
Slovakia export factoring. It is common for exporters to offer credit terms to their global buyers, some may be able to manage cash flow without a factoring facility in place, but typically, when exporters offer credit to their customers it is a good practice to have an export factoring facility in place to cover shortfalls on cash flow caused by aged-credit terms invoices.
Export factoring can offer Slovakian exporters many advantages
- Slovakian exporters can expect quick funding with a simple and straightforward application
- Non-recourse export factoring (the factor assumes the risk)
- Funding within 24-48 hours of approval
- Funding is not a loan (not debt on a balance sheet)
- Funding based on the quality of your customers’ credit
- Funding increases as your client base grows
- Funding debtors in many countries
- Credit Protection (eliminating credit risk)
- Collections and Reporting (your back office extension)
- Export factoring is ideal for maintaining positive cash flow
- You can offer longer payment terms to your customers and compete for larger buyers
- Our team monitors the creditworthiness of your customers
- Export factoring can improve cash flow
- Assistance with managing your overseas customers
- Supply Chain Finance (full supply chain funding)
- You will work with our affiliate that handles Slovakia
Please CLICK HERE for more information, the affiliate office for Slovakia will contact you shortly.