Factoring Info Base
Factoring is a financial product through which finance, guarantee and collection services are provided. A factoring company realizes this by taking over receivables of companies that arise from their domestic and foreign sales of goods and services.
What is Factoring?
Financing service allows you convert your invoiced receivables into cash; therefore you cannot only improve your capability of competence in the market by offering longer maturity dates to your customers, but you also gain advantages in cash purchases with the cash you create for your company.
Why Factoring?
Businesses can convert their future receivables into cash by assigning them to Garanti Factoring without any need to wait for the maturity dates of their future receivables and can meet their requirements for business capital.
Factoring Glossary
Insolvency: It is the situation in which the payables cannot be paid on maturity date. In such a situation, demanding party notifies to the court that the debtor is unable to pay its debts, and the debtor may demand its bankruptcy from the court stating that it is in insolvency.
Frequently Asked Questions
1. Who can benefit from Factoring services?
2. How does Factoring work?
