Factoring is a financial solution which helps you give usual credit terms to your customers and yet receive
up to 70% - 80% of your Invoice value immediately.
Benefits you get with ORIENT FACTOR
Receive up to 70% - 80% of your invoice value immediately
Take advantage of trade discounts paying cash upfront
Accelerate your cashflow by utilizing our professional collection techniques
Eliminate internal collection costs
Reduce amounts receivable accounting expenses
Reduce bad debt expenses
Grow at your own pace. As your sales increase so will your financing
Sales ledger management
Improves relationship with your customers
How does it WORK?
When you submit the invoice to ORIENT FACTOR, we will pay you up to 70%-80% of its face value immediately, which will in turn help your cashflow and working capital cycle to develop your business.
The invoice has to be stamped with the payment address of the factoring company and sent to your customer. The customer agrees to follow the instructions stamped on the invoice by sending payment on the due date to the factoring company.
When the payment is received in full from your customer, we will pay the remainder of your invoice value minus the Factor’s Fee
How fast can you get a FACTORING FACILITY?
If all required documents are provided ORIENT FACTOR will approve the facility within 3-4 working days
What is the COST of Factoring?
We charge a nominal administration fee plus the interest on the funds drawn by you against your invoices.