Factoring

Con nuestro servicio de factoring, nosotros nos encargaremos de la administración y la financiación de tus facturas. Podrás ahorrar gastos administrativos, mejorar tu contabilidad y organizar más eficientemente tu estructura financiera. Más recursos y más tiempo para lo realmente importante: que tu empresa sea cada día más y más competitiva.

Is it for me?
If you run a business where some clients do not pay in cash, factoring can be a great help.
How does it work?
With the factoring service, you assign us the invoices you have with your clients and at ABANCA we advance you their amount.
What's the best part?
The Factoring service improves your company's liquidity and saves you time and effort. We help you with collection management from your clients.
Under what conditions?
The conditions of the factoring service adapt to your needs, and you can add or remove client accounts from this outsourced service whenever you want.

A solution tailored to you

Factoring is a very simple financing and management formula, based on the assignment of invoices: you assign us the commercial credit of your clients recorded in those invoices; we advance you the amount and help you with collection management.

This way, you can get a lot in exchange for very little: you can reduce your company's administrative expenses and simplify your accounting; you can have liquidity tailored to your commercial transactions and increase the efficiency of your collections management. And much more!

Financial and accounting advantages

With our factoring service you can optimize your accounting structure: by eliminating accounts receivable you can improve your working capital, and it allows you to plan your cash flow more profitably, avoiding possible deviations.

In addition, by choosing this solution, which we tailor exactly to your company's needs, you expand your financing capacity and improve your debt ratios.

We help you with the calculations. You'll see how this tool can improve your business's commercial performance.

The ABANCA Services Program, for your company

Many of our clients pay no fees and enjoy better rates on their most frequent transactions. If you trust ABANCA, it will be much easier for you to reach the Premium level of the ABANCA Services Program and you will have free cards, or the advantage of withdrawing money for free at any ATM in the world.

ABANCA's factoring features

We offer you a tailored factoring service, with which you can benefit from the following features:

Debtor study and classification. We will expertly study and classify your commercial clients, according to their credit quality, establishing an individualized quantitative economic risk limit. Throughout the contract, you can request the inclusion of new debtors and modification of their limits, quickly and easily.

Advance of assigned credits. Financing of the assigned credits could reach up to 100% of their amount, although it is common to agree on retentions between 5% and 20% of their nominal value, to cover possible differences between the assigned amount and the collected amount. You can advance the credits at any time between the assignment date and the credit's maturity. In addition, you can make partial withdrawals.

Possibility to insure sales. ABANCA will assume the insolvency risk of those debtors who have been classified, as long as the assigned credits are legitimate and enforceable.

Collection and recovery management of assigned credits. We also help you with your commercial clients in collecting the invoices.

Who is involved in a factoring contract?

There are three parties in this service:

Assignor: you, our client, who have a contract (or an order, or an agreement) for the sale of goods or the provision of services to your clients, with whom you have agreed on a deferral and a method of payment.
Debtors: the buyers of your goods or services.
Factor: ABANCA, the entity to which you assign the commercial credits owed by the debtors. Upon maturity of the credits, they pay us directly. At ABANCA, we also provide the administrative, financing, or coverage services we have agreed upon.