Recourse Factoring

Are you an SME with large B2B Clients?
Do you already have insurance against your clients becoming insolvent?

 

Recourse factoring is the right solution for you!

Recourse factoring is a financial instrument allowing a business to transfer a receivable to a factor, but without gaining protection against insolvency risk. The factor manages collection and administration of the receivables, but does not guarantee them if the debtor becomes insolvent. The business can receive an advance against the transferred receivables, turning them into immediately available funds.
Through recourse factoring, your business can assign its client receivables to Banca IFIS Impresa. Banca IFIS Impresa will pay an advance, manage and collect the trade receivables, but will not bear any losses on the receivables due.
Banca IFIS Impresa’s experience in this area means we can optimise the client-debtor relationship through an in-depth debtor assessment. The relationship between the client, the debtor and the bank becomes synergistic.

 

WHO IS IT FOR
Businesses that sell to other Italian companies, foreign businesses (export factoring) or the public administration, and that need to liquidate their trade receivables.

 

BENEFITS

  • Liquidate trade receivables and receive immediate access to capital
  • Improve the regularity and speed of cash inflows
  • Optimise payment flows and payment of immediate obligations
  • Improve competitiveness in your market

 

COST
The cost of the service is mainly made up of two components:

  • a percentage of any advance payment of receivables requested by the client
  • a management fee for the factor’s servicing operations

 

USEFUL DOCUMENTS FOR ANALYSIS AND DECISION-MAKING

  • Client portfolio with list of proposed names for 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