What is Factoring

Factoring is a management tool for short-term receivables from customers. It optimizes your working capital needs through professional management and financing of receivables and provides protection against non-payment.

It is applicable for receivables from customers in the domestic and international market. It is based on the assignment of ownership (cession) of receivables from a supplier to a factoring company and does not require any additional collateral. 

UniCredit Bulbank offers a complete set of factoring services through its specialized subsidiary UniCredit Factoring, and is capable of providing customized solutions according to the specific needs of your business.

 

 

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.
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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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Factoring Solutions

Solutions Liquidity Protection Optimization
Recourse factoring
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No-recourse factoring
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Factoring Invoice Financing
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Export Factoring
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Import Factoring    
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Customized Solutions
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