What is factoring?
Factoring is a financial transaction in which receivables are purchased for goods sold or services rendered before the payment becomes due. PBZ Faktoring buys the short-term receivables you have from your customers/debtors on the basis of documents showing the existence of a short-term debt (invoices, situations, delivery documents, customs declarations etc). As a rule short-term receivables with maturity up to 180 days are bought. The factoring transaction is concluded by signing a factoring contract by which the seller of the invoice sells his claim from the debtor, arising from a delivery of goods and/or a service rendered, to PBZ Faktoring. For this transaction the seller of the invoice undertakes by the contract to pay PBZ Faktoring a factoring fee and factoring interest.