Factoring is a form of financing that (like a loan) is provided by a bank or factoring house, thus supporting the payment of the invoices of the business that requires the money.

This is especially important in the case of partners where customers often pay only 30-60-90 days after the invoice is issued, thereby hindering the liquidity and growth of the partner company.

With the help of factoring, you can "sell" your company's active invoices to us. In this way, you can get your money immediately, and your partner settles the debt with the factoring house when the invoice expires.

We present the process through several simple case studies, which you can review by scrolling up to our Case Studies.

Regarding factoring, the most basic problem for which we provide a solution is the lack of liquidity due to slow, long-term paying customers.

This perfectly supports your goals, whether security and stability or continuous growth are the focus of your business right now.

Some of the benefits you will enjoy with factoring:

1. you can easily pay your company's expenses, without layoffs or cutbacks
2. your company will not be in trouble if the transfer arrives only after 30-60-90 days
3. even in today's uncertain situation, you will regain full control over your finances
4. you can take on the next big project without question, you don't have to wait for a referral
5. lack of cash flow does not stand in the way of growth (you can hire new people, invest, etc.)

Individuals who are looking for an alternative to a loan for their own use.

Businesses where the supplier and buyer are members of the same customer (debtor) group (e.g. there is an ownership merger between them. (for a more precise definition, see the relevant provisions of the Act Con Credit Institutions and Financial Enterprises and the Civil Code)

Companies operating in highly risky industries in terms of factoring, please contact our colleagues for more information on these.

Enterprises that do not perform sales and service provision activities.

Of course, yes. You only need to factor the invoices you want, whether it's one invoice or hundreds.

By using the first and only digital factoring® service in Hungary offered by BÁV Faktor, you can immediately finance your active customer accounts.

The task of factoring is much simpler and faster with us, since now the entire process (from registration to uploading documents to specific financing) can be done digitally.

If you use our service for the first time, the process may take 1-2 weeks.

0.5-2.5% of the gross invoice amount, depending on the transaction. For an exact offer, please contact our colleagues.

You will need to upload the following documents to start factoring your invoices:

– Supplier data sheet filled in with the customer's data, signed and dated,

- Customer data sheet - filled out by the supplier for the customers to be factored separately, signed and dated,

– ledger statement not older than 30 days,

– Tax current account statement not older than 30 days,

– Company contract on the part of the supplier + Copy of specimen signature,

– A copy of the signed contract or order for the customers to be factored

If there are several contracts, we ask for all of them if possible.

– Payment experience, customer analytics (preferably in an xls file) for factored customers for the past year, e.g.: 2018.09-2019.09 with a month-end period within three months of the current month, showing the number, amount, original and actual payment deadline of invoices already issued.

We congratulate you in advance on your decision!

Feel free to contact us by email at sales@bavfaktor.hu or by phone at +36 1 688 0360.

In addition, of course, you can also start the process online by filling out the form on the site. In this case, we will contact you with the details.