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LET'S TALK ABOUT FACTORING
What is Factoring?
Its a financial transaction in which a company transfers its accounts receivable to a financial institution called "factor" and obtains a loan in cash, leaving their accounts receivable as collateral for said loan.
Benefits of Factoring
Factoring can help you access capital quickly and is best used as a short-term solution that assists you in keeping your businesses running while you wait for customers to pay outstanding invoices, or allows you to take advantage of time-sensitive opportunities.
Factoring Step by Step
1. Finalize a sale on credit
2. Setting up a factoring account
3. Present your invoice to FACSA
4. Notice of assignemnt
5. Funding
6. The invoices are settled
7. FACSA closes the cycle
Requirements
What do I need?
Registering your company in FACSA is very easy. Complete the corresponding form, together with the documents that we detail here. Our advisors are available to help you in whatever you need.
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