Non-recourse factoring

Do you have commercial agreements with robust companies?
Are you an SME looking to expand your market with new clients?

 

Non-recourse factoring is the right solution for you!

Non-recourse factoring is a type of factoring that allows a business with receivables to immediately receive payment for them, cutting normal collection times and facilitating cash flow. The business transfers its trade receivables to a bank (or factor), which then assumes their ownership and manages them.

Through non-recourse factoring, Banca IFIS Impresa offers an advance on your trade receivables, manages them, and offers significant guarantees for your business by bearing client losses that would harm your company.
Banca IFIS Impresa’s experience means it can optimise the client-debtor relationship, securing improved financial indicators for the company that sells the receivables.

WHO IS IT FOR?

Companies of any size supplying other Italian businesses, foreign companies (export factoring) or the public administration, which want to improve their management of trade receivables, secure liquidity and protect themselves against insolvency risk.

BENEFITS

  • Transfer insolvency risk to the factor
  • Strengthen capital.
  • Obtain liquidity to meet the current needs of the business.
  • Outsource the receivables management process.
  • Reduce the administrative costs of receivables management.
  • Assess the risk profile and reliability of individual clients transferred to the factor.

COST

The cost of the service is mainly made up of three components:

  • a percentage of any advance payment of receivables requested by the client;
  • a management fee for the factor’s servicing operations;
  • a non-recourse fee for guaranteeing the receivables.

USEFUL DOCUMENTS FOR ANALYSIS AND DECISION-MAKING

  • Portfolio with list of proposed names for recourse factoring and relevant amounts.
  • Supply contracts, tender notices, orders.
  • Last two annual financial statements and provisional report for the year.
  • Certificate of good standing (not always available for foreign companies), articles of incorporation and association.
  • Documentation showing full tax compliance (not always available for foreign companies.
  • List of bank credit lines.

Contact us  and we will find the best solution for your business.

 

Other solutions of support with receivables