Export Factoring
for an an agreed percentage of the invoice value you can receive immediate cash for your export receivables
Export Factoring can be attained with 100% security for your exports to most countries in the EU.
Export factoring can be a two edged sword, differences in laws, customs and language can cause problems. A good export factoring company or broker can reduce these worries. You should get prompt payment and you should get all the help and advice needed.
A complete export factoring package should provide sales ledger management handling all your ledger administration and debt collection collection jobs through overseas factor partners, saving time and overhead costs.
Features of export factoring
Protection is available against currency fluctuations and you can choose to paid in your own currency but receive your invoice in in another, many customers prefer to be invoiced in their own currency.
Export Factoring credit protection
Most factors insist on you purchasing credit protection, this can minimise the risk of bad debt. Export Factoring is less than the cost of export finance, but is higher than the cost of UK factoring.
See Export Factoring Guidelines