Factoring
Turn your credit sales into cash sales.
Collect receivables that other companies owe you in advance.
At BBVA we manage your commercial credits.
-
Advance collection of assigned receivables.
-
Sign up for the factoring service to quickly collect invoiced amounts.
-
Insolvency risk coverage for to 100% of sales (non-recourse factoring).
How does it work?
How Factoring works at BBVA.
-
Collect the value of your receivables in advance
Factoring is a financial instrument through which you can collect the value of your receivables in advance. It also covers up to 100% of the risk of debtor insolvency (non-recourse factoring).
It is a financial instrument that lets companies collect the value of their receivables in advance by transferring their commercial credits to BBVA, which becomes the sole owner of the debt and the collection rights.
Services included
See which services are included in Factoring at BBVA.
-
What services are included?
- Management of the collection of loans and information on your sales and charges.
- Advance collection of assigned receivables and a reduction of bank debt.
- Classification of your customers' solvency and coverage of 100% of your debtors' insolvency risk through non-recourse factoring.
Ask your manager for the business modality that best suits you.
Advantages
Advantages of Factoring at BBVA.
-
What are the advantages?
- Advance collection of assigned receivables.
- Reduction of bank debt vis-à-vis the financial system and reduction of customer balances, thus improving balance sheet ratios.
- Insolvency risk coverage for up to 100% of sales (non-recourse factoring)
- Classification of your Customers' solvency (debtors in the factoring agreement).