What is factoring? Factoring is the ongoing purchase of your claim by a third party. What is factoring? Factoring is the ongoing purchase of your claim by a third party. Invoice amounts are bevorschusst within 24 hours under a predetermined quota. The difference with the actual invoice amount (10-20% = Sicherunsgeinbehalt) get paid them for customer payment. Prerequisite is that the performance is complete and offsetting provided for invoicing. Therefore part – payments and services are after VOB / VOL usually not factorabel.
FGM-AMOR has a special provider up to a size of sales of 2.5 million for this purpose. Important note: the factoring is one of few forms of financing, where you don’t have to pay back your cash flow, as opposed to the operating funds or overdraft! If your business location is stable, you also not personally liable and also no customary banking collaterals make open factoring: bills include the notice that they have been purchased. Thus is the sale for your customer. This is the most commonly practised in Germany factoring form. Silent factoring: this is the most popular with our customers by far. Invoices contain no reference to the sale. Your corporate account is retained in most cases so that the customer is unable to detect the sale of the claim.
Offered by most factoring companies only from 8 – 10 million annual turnover. Possible with us from 2 million (200 T) annual turnover. Condition is always a professional customer management and a good equity base of the company. Real factoring: factoring Bank assumes the risk of the (customer) payment default risk in the context of previously agreed (insurable) limits (see there). Fake factoring: remains the risk of Forderunsgausfalls when the Factorkunden (Untenrehmer). In practice, the most Geselslchaften offer a 2 contract model where an existing Forderunsgausfall-, trade credit insurance of company in the factoring contract is involved.