Factoring is a short-term business loan to increase the current assets. It is like a business credit, the difference being that the yet unearned profit in the form of signed invoices serves as the guarantee. ERST Finance acts as an intermediary, making an immediate payment for your concluded transactions, at the same time allowing your clients to make the payments in 30-120 days. In such a way, it is possible to ensure a steady flow of income, not having to wait on your cooperation partners.
Required criteria for obtaining a loan:
- The company has been trading for at least a year;
- The previous year ended with a profit;
- Positive net worth;
- No major tax delays.