International Factoring Companies
Foreign Receivables and International Factoring
International factoring helps U.S. companies that sell domestic goods to foreign customers and U.S. companies that sell foreign goods to foreign customers. International factoring companies typically don’t take on a client for a one-time deal and they usually require a monthly sales volume minimum.
International factoring improves your cash flow because you don’t have to wait 30, 45 or 60+ days to collect your receivables. You get the cash quicker so you can pay for supplies, payroll and other operating expenses.
Export factoring is a complete financial service that combines export working capital financing, credit protection, foreign accounts receivable bookkeeping, and collection services.
Most financial institutions don’t view overseas receivables as eligible collateral for a loan, but international factoring companies offer working capital solutions for foreign receivables.
Most international factoring companies provide non-recourse factoring, so that if your customer cannot pay due to insolvency, the factoring company offers 100% insurance against non-payment.