When is Factoring Useful?

Liquidity

  • You operate or intend to operate on deferred payment conditions.
  • You need fresh working capital.
  • You need financing but do not have the necessary collateral to secure it.

Protection

  • Your customers want a deferred payment but you are concerned about the additional risks.
  • You are using credit protection for your receivables but are looking for a better alternative.
  • You are planning to enter new markets.
  • You are delivering abroad and looking for credit protection in order to be able to offer more competitive working conditions.

Optimization

  • Your customers are increasing in number and you want to cut down on the time and effort associated with debt recovery.
  • You are exporting your products to several markets and you need to constantly comply with legal and cultural differences.
  • You want to focus more on doing business.

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What is eFactoring?

 

eFactoring is the first fully electronic portal for factoring on the Bulgarian market:

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