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Factoring

What is factoring? Domestic and international factoring

What is factoring?

Factoring is an assignment to a factor of supplier’s accounts receivables arising from contracts of sale of goods or rendering of services to buyers under deferred payment conditions.

Factoring as financial package includes one or more of the following services:

  • Receivables ledgering
  • Working capital financing for the supplier
  • Collection of receivables
  • Protection against default in payments by the buyers.

 

Factoring Advantages

Supplier’s benefits in factoring:

  • Efficient control of the deferred payment receivables
  • Obtaining additional financing by advance payment of the receivables
  • No pledging and expenses on it
  • Opportunity to offer deferred payment terms to their clients, which would increase supplier’s revenues and competitive power on the domestic and international trade.

You can find out more about the Factoring HERE

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Regional corporate centers of

MKB Unionbank:

SOFIA - 10-12, Damian Gruev, Str.; tel. 02/ 9175952

PLOVDIV - 24, Hristo G. Danov Str., tel. 032/ 623075

VARNA - 3, Ekzarh Yosif Str.,              tel. 052/ 684767

VELIKO TURNOVO - 29, Bulgaria, Blvd.; tel. 062/ 615461

PLEVEN - 2, Danail Popov, Blvd.,      tel. 064/ 880371; 880372

BURGAS - 2, Ivan Vazov, Str.;              tel. 056/ 879895, 879865