Answering your questions about Factoring
Factoring allows your business to release cash against your outstanding customer invoices before they’ve been paid.
Factoring is the right funding option for you if you have customers on long credit terms around 30 to 90 days, or who often pay late, and spend more time than they would like managing customer payments.
No. Your invoices are your assets, so you don’t have to provide any additional security to secure your funding.
When bringing you onboard we will work with you to make sure the funding you get is exactly what you need. We work flexibly, from the point of meeting you to understand your needs. Generally, we can set up a facility in a matter of days, however this depends on the speed in which we can access the information we need and how complex your business situation is.
You can call us to have an initial confidential discussion with one of our Business Development Manager or to arrange a meeting. Once we understand your specific requirements, then we can provide an indicative offer to you. Following a new business review and consideration by our credit committee we can make a credit offer to you.
The cost will depend on the services you wish to use as part of any agreement. If you would like to get a quote, simply fill in our short form and we’ll send you the information you need.
Euler Hermes is our credit insurance partner providing credit insurance to our clients. We also accept credit insurance policies underwritten by Hong Kong Export Credit Insurance Corporation (ECIC).
Yes, we provide Purchase Order Finance as an extended service of Factoring to cover your cash flow needs at production stage.
We accept both overseas and domestic buyers with positive credibility that the accounts receivable could be covered by credit insurance.
Yes, we strive to support any kind of B2B businesses regardless they are in goods or services trading. We are specialised in sectors of Recruitment Outsourcing, Logistics and Business Services.
Absolutely. Our Credit Protection service comes with Accounts Receivable Management Services which includes invoice collection service that helps to free up your time and resources as well.
Releases cash flow tied up in outstanding invoices
We don’t just fund a business, we believe in it
Our local business development managers are on hand to help