Supplier finances the goods at the time
when they are delivered.
Payment of business obligations without delay.
No need for the guarantee, only based on business's financial indicators.
No need for additional documents.
Who can benefit?
B2B (“business to business”) entrepreneurs (suppliers)
How does a credit line facility differ from factoring?
With factoring, it is possible to finance buyer’s unpaid e-receipts. In addition, the interest rate is lower than that of loan products.
Is factoring renewable?
Yes. After paying back, you can use the product again.
Is there a commission fee charged per use?
No. The commission fee is applied to the limit amount allocated at the time of the first funding.
How is amount of annual interest rate calculated?
The annual interest rate is only calculated per day on the used amount of the limit. That is, if the funds are returned within 20 days, the annual interest rate will be calculated by way of dividing by 360 banking days and multiplying by 20 days.
Is the limit reflected as a liability in the CCR?
Only the used part of the limit will be reflected in the CCR.
For what purposes can the allocated amount be used?
There are no restrictions from the bank side on the purpose of using the funds.
How is calculation made if the buyer doesn't pay after expiration of the funding day?
The annual penalty interest rate is calculated per day from the next day after the end of the payment day. That is, if the funds are returned within 20 days, the annual interest rate will be calculated by way of dividing by 360 days and multiplying by 20 days.
Statements from all client bank accounts for at least the last 12 months
Extract from the sheet of personal tax records - for the last 12 months (no later than the last 1 month before the date of the analysis)
The last extract from the State Register
A copy of the signed contract or purchase order between the buyer and seller
Registration file of electronic receipts
MCR extracts (companies and founders, no later than the last 1 month before the date of the analysis)
Other requirements they are distributed in accordance with credit and other internal regulatory documents of the bank