Learn how factoring
goes into his work
How does it work?
The benefits of factoring
Get to know our simple approach
Invoicing with ease
Forget the old game of waiting and hoping; here's how we streamline everything for immediate financial benefit: Step one starts with a simple gesture: Instead of sending an invoice to your customer, upload it directly to our secure online portal. A modern twist on a traditional process.
Once your upload is complete, our team takes action. We will get to work with a close check of the details. If everything is correct, payment will be made.
While you focus on growing your business, we're taking the next step. We ensure that the invoice finds its way to the debtor. No more worries for you; you don't have to wait any longer for payment, we'll take over completely.
Why factoring comes at a cost
At Faqtoring, we understand that factoring costs are more than just numbers on paper; they are the key to doing business carefree. Our service not only removes the risk of late payments, but also provides complete debtor management. In doing so, we offer companies the space to focus on what really matters: growth.
By paying invoices immediately, we eliminate the waiting time for our customers. This means that while we wait for payment, our customers can use their capital to further develop their business. The costs for our factoring services reflect the value of these essential services: risk management, administrative relief, and the convenience of rapid liquidity. With Faqtoring, doing business goes hand in hand with financial freedom.
Frequently asked questions
Is my company suitable for factoring?
Yes, your company is most likely suitable for factoring. Factoring offers a flexible financial solution that is particularly suitable for SMEs, employment agencies and freelancers who want to improve their cash flow. If your company generates invoices for services or products provided, you can benefit from factoring.
What is factoring and how does it work?
Factoring is suitable for many different types of companies, such as small and medium enterprises (SMEs), start-ups and growing companies. It's especially useful for companies that work with business customers and have long payment terms. Factoring can also be beneficial for companies that need additional working capital to expand their operations or absorb seasonal peaks.
How much does factoring cost?
The costs of factoring may vary depending on various factors, such as the volume and value of outstanding invoices, payment terms and the company's risk profile. Factoring companies usually charge a percentage of the invoice amount as compensation, which can range between 2% and 4%. It's important to compare the rates and conditions of different factoring companies before making a choice.
Read here more about costs.
How long does the factoring process take?
The process of factoring can be relatively fast, usually within a few days to a week. After you have concluded an agreement with a factoring company and submitted your outstanding invoices, the company will check your debtors for creditworthiness. Once approval has been obtained, you will immediately receive money for your invoices.