What is Factoring?
A unique package of financial services created to facilitate companies that sell their goods or services on deferred payment terms.
Factoring offers a number of advantageous services:
Improvement of seller’s competitiveness and increase of his sales turnover. Opportunity to offer to his buyers more beneficial commercial conditions without exposing his business to risk.
Decreased expenses for accounting and administration follow-up of the sales ledger. Saving management time.
Flexible way of funding compared to conventional bank borrowing. Generated from the accounts receivable and can increase at the same pace with the growth of sales.
Source of working capital to finance company expansion.
Opportunity to successfully plan and optimize seller’s cash flow.
Collection of commercial receivables is performed by a financial institution. Minimize losses through bad debts. Continuous evaluation of buyers’ creditworthiness in the country and abroad.
How to apply?
Commercial representative of Societe Generale Factoring will provide you with a list of required company documentation as well as application forms that you have to fill in and send to our address.
Upon receipt of the completed application forms and the attached documentation, we will review your business request and will revert with proposed conditions for factoring services in compliance to your needs are requirements.
More information is available at:
Societe Generale Factoring SLLC
73, Al. Stambolyiski Blvd, Sofia 1303
Tel.: +359 (0)2 9370531, 9370632
Fax: +359 (0)2 9370550