Beneficii
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  • Fast financing for the company, granted based on invoices receivable and without material guarantees
  • Flexibility in the use of the obtained liquidities
  • 30 days grace period, calculated from the due date of payment of the invoice, in case of delays in their collection
  • Reducing the risk of non-collection of invoices from customers, through their amicable collection by the bank
  • Coverage of the risk of non-payment, in case of factoring without regression.

Factoring is a solution to turn invoices with longer collection terms into liquidity. Basically, it is a package of services that includes bank financing, based on the contracts and invoices that you have to collect from your business partners. It is a quick financing solution when you are pressed for time to make salary payments or pay certain debts. Thus, the bank grants you a loan and takes over the administration and collection of receivables until they are collected from your partner. The factoring solution from CEC Bank is suitable for resident legal entities, which issue invoices in lei, with term payment and want to obtain liquidity only on the basis of these invoices, without the involvement of other material guarantees.

Factoring with variable interest
0
%
Interest *:
First Rate:
DAE:
-
IRCC:
-
Monthly Administrative Commission:
-
Analysis commission:
-
Total refund:
-
Factoring with fixed interest
0
%
Interest*:
First Rate:
DAE:
-
Month Administrative Commission:
-
Analysis commission:
-
Total rambursare:
-

* Formată din marja fixă + IRCC

La solicitarea clienților, Banca poate acorda în euro numai în instutuția în care acestia și dovedesc obținerea veniturilor în euro.

În cont sun încasate venituri recurente și contul este utilizat pentru plăți sau transferuri, altele decăt transferuri între conturi prorii/debitare rate/debitare comisioane.
Venit recurent înseamnă venitul (ex. salariul, pensie, chirie etc.) Încasat lunar în cont, cel puțin 3 luni consecutiv, în valoare de minim 70 lei/luna/cont. Nu se considera venit recurent încasarile provenite din jocurile de noroc.

How to access factoring services

 

The process is like that for accessing a bank loan

 

Submit an application, accompanied by a series of documents - documents on the status of the company, financial statements, contracts concluded with your customers, based on which are and will be issued the invoices you want to collect in advance, etc. Advisors from the nearest CEC Bank unit can help you with personalized advice for your business.

 

Factoring types:

 

internal regressing factoring: you can benefit from the advance collection of up to 80% of the value of invoices with VAT included. The difference of 20% will remain in a reserve account until the invoice is collected and the financing is reimbursed, at which point the amount will be returned to you.


factoring without regression. In addition, there is insurance in case of non-payment of invoices, and the amount that can be collected in advance is higher. Thus, the bank grants you a financing of up to 90% of the value of the invoices and takes over the administration and collection of receivables until they are collected from your partner.

 

 

Money usage:

 

● Unlike loans, in the case of factoring you can use the amount received as you wish, without restrictions and without presenting supporting documents.
 

The costs charged in a factoring facility depend on a number of factors: from the risk profile of the company requesting financing and the companies that have to pay your invoices, to the volume of turnovers, but they are comparable to those of a standard loan. For the financing of the current activity, with the mention that in the case of factoring the costs are subject to VAT, the bank issuing invoices for all the amounts collected. For example, at the current interest rate, for a factoring facility worth 1,000,000 lei, with an invoice payment deadline of 30 days, the total annual cost of factoring can vary between 4.5% and 12.5 %, depending on the risk class of the company and the type of factoring you opt for.

 

You can always find out more details about the services offered by CEC Bank by visiting any office in your area, or by calling to the phone number 0.800.800.848 or by e-mail to vanzari_factoring@cec.ro

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