Factoring
How does it work?
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Factoring is a financial instrument by which you receive the amount of your accounts receivable in advance. It also covers 100% of the debtors' insolvency risk.
This financial instrument lets companies receive the amount of their accounts receivable in advance, by transferring their sales credits to BBVA Factoring, which becomes the sole debt owner and, thus, the owner of the collection rights.
Services included
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- Collection management of transferred credits and information on your sales and receivables.
- Advance collection of transferred credits and reduction in bank debt in the financial system (CIRBE risk).
- Classification of your clients' solvency and 100% coverage of your debtors' insolvency risk through non-recourse factoring.
Ask your adviser about the type that best suits you.
Benefits
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- Advance collection of transferred credits.
- Reduction of banking indebtedness in light of the financial system (CIRBE risk).
- Reduction of clients' balances, improving balance sheet ratios.
- Insolvency risk coverage up to 100% of sales (non-recourse factoring).
- Classification of your clients' solvency (debtors of the factoring agreement).
Are you looking for another type of business loan?
If this is not the product you were looking for, don't worry. We'll help you choose the one that best suits your needs with our financing adviser.
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Trade discount
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International payment orders
- Make your international payments online.
- Track your payments outside the SEPA region.
- Rely on BBVA's international network of banks.
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Factoring
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