Does non-recourse factoring cover all types of defaults?

Non-recourse factoring covers the risk of non-payment when bankruptcy or insolvency is declared due to an arrangement with creditors. However, it does not cover non-payment for other reasons, such as trade disputes.

In addition to receiving advances, can I request financing of an invoice?

Yes, but in this case an interest rate will be applied to the financed amount that varies depending on the case.

What conditions do I have to satisfy?

Be a company or self-employed worker and have an account with BBVA. Please note that financing is always subject to approval by the bank.

International Factoring

Collect your invoices in advance.
Keep liquidity without depending on payment dates.
It covers up to 100% of the insolvency risk.

The bank as an intermediary

Get advances instantly

When you open a factoring line, the bank grants you an amount that you will have available to get advances on the invoices you issue. This way, you can collect without waiting for the due date.
BBVA MANAGES YOUR INVOICES

We will take care of collecting your invoices. First we advance the amount, and on the agreed due date, we charge your customer.

Do business in complete security

Guaranteed payment

Non-recourse factoring is the most common type of financing of this kind. Its main advantage is that it is the bank that assumes the insolvency risk. Your company lowers its risk because if your customer declares bankruptcy, you get paid just the same.

How does it work?

1. APPLICATION AND STUDY

You request a factoring line and the bank performs a study. With the "non-recourse" option, we also analyze the solvency of your customers and set a maximum amount you can collect in advance for each of them.
2. signature and opening

Once issued, the contract is signed before a notary. From then on, you will be able to collect invoices early as per the terms of the contract.
3. Use

One of your international customers is going to pay you an invoice in 90 days. To avoid this delay, use the Factoring line: the bank pays you the amount without waiting, and after 90 days, it will collect payment from your customer.

The price is customized

An adviser will analyze your case

Once we receive the company's details, we will offer you a personalized price.

In general, the main cost of factoring is the assignment fee, a percentage of the invoice you get paid in advance (it is charged to insure and manage the collection of the invoice).

The bank's analysis will let you know the financial situation of your customers.

A personal adviser at your side

Specialists to answer your questions

Our team of specialists in trade finance will make your international transactions easier. Your adviser will help whenever you have questions on financing imports.
Count on our experience
You will have a specialized personal adviser at your disposal. You can rely on your adviser to answer questions about your international activity and thus minimize any potential risks.

No added cost.

Get the information when you need it.

Request information

Are you interested?

You can apply for the factoring service at any of our branches. From here you can send in a form to have us contact you.

Request information

Some questions that may come up

Other products that might be of interest to you

A credit limit to get an advance on your invoices to international customers. The difference with factoring is that the bank does not cover the risk of insolvency.

More information
If you operate with foreign currency, you can reduce the risk of varying exchange rates.

More information
A credit limit that makes an amount available to you to pay taxes, salaries and other routine expenses.

More information