Factoring

Short-term transaction in which a business sells its accounts receivable to a third party at a discount, and funds can be provided for a client working capital

It provides immediate liquidity to the company, and the bank that made the factoring recieve the payment invoice.

Benefits

  • It provides liquidity and enhances cash flow without waiting for the collection of receivable accounts
  • Agile and short-term operation
  • Provides monitoring and management of their receivable accounts
  • Managing your receivable accounts and invoices allows you to concentrate on your business activity
  • Competitive rates
  • Invoices with their respective purchase orders duly accepted by the benefactor of the good or service
  • Audited Financial Statements of the last three (3) years
  • Good credit references
  • Company Article of Incorporation an all the amendments to such.
  • Public Registry Certificate evidencing the existence and validity of the entity (Issued with no more than two months).
  • Copy of the patent, Business License, if the company operates
  • Certificate of good standing for both MEF and CSS (Caja de Seguro Social)
  • Copy of IDs or passport (foreigners) of all shareholders, final beneficiaries, partners, legal representative, attorney, directors, officers of the company. The copies of the IDs must be submitted by both sides and passports must include all pages.

 

Or by calling 800-7500 / 306-7500 or visiting any of our branches.