The Factoring of the Cooperative Bank of Karditsa offers immediate liquidity and additional financial, operational and commercial benefits. At the same time you adapt the factoring services to the needs of your business.
With factoring you ensure for your business:
Liquidity according to your business’s sales
Coverage of credit risk against financial weakness of the buyer with significant reduction of bad debts
Expansion of sales in Greece and abroad with competitive payment terms through an open account, without bank mediation and issuance of letters of guarantees
Reduction of operating costs
Flexible limits tailored to your business’s sales.
Factoring services, with or without the right of recourse, for the sale of products and the provision of services with significant benefits:
More competitive sales terms, such as increased credit period, without burdening your business’s financial flow
Credit risk coverage against your customer’s financial weakness with a significant reduction in bad debts
Flexible financing connected to the asset receivables account and adjusted to your business sales
Exemption of your business from the burden of managing and collecting commercial receivables. Thus, it can focus on the main production and sales activities
Better management resulting in faster payments, ie. lower financial costs
Intensive control of the creditworthiness of your business’s customers and continuous following of receipts, resulting in the reduction of the risk of losses due to insolvency
Improving your business’s financial indicators in the case of factoring without the right of recourse.
Factoring services, with or without the right of reduction, for sales of products abroad on open credit terms. The benefits you have for your business are:
Opportunity to penetrate new markets with competitive terms of sale. It is not necessary to receive letters of guarantee or other types of cover
More competitive sales terms, such as increased credit period, without burdening your business’s financial flow
Credit risk coverage against your client’s financial weakness with a significant reduction in bad debts
Flexible financing connected to the asset receivables account and adjusted to your business sales
Exemption of your business from the burden of managing and collecting commercial receivables. Thus, it can focus on the main production and sales activities
Better management resulting in faster payments, ie. lower financial costs
Intensive control of the creditworthiness of your business’s customers and continuous following of receipts, resulting in the reduction of the risk of losses due to insolvency
Improving your business’s financial indicators in the case of factoring without the right of recourse.
