What is Factoring?
Factoring is a tailor-made package of services designed to secure your receivables collection and improve your cash flow, thereby offering you a competitive edge in your markets, both domestically and internationally.
Companies trading on credit terms can assign their receivables to Egypt Factors and benefit from receivables/sales ledgering, commercial collection, customers’ credit risk protection, and financing facilities.
All corporations with annual turnover/sales more than USD 10 million and having a stable portfolio offering credit terms up to 180 days to corporate buyers can make use of our factoring services. The receivables must result from completely fulfilled contracts by the seller.
By contracting our factoring services, you will be able to make use of our professional collection services in Egypt and in more than 80 countries. You can also benefit from protection against buyers’ credit default (up to 100%), and immediate financing facilities of up to 90% of the invoice value, which will be available immediately. You can also receive from us, on a regular basis, a credit assessment of your buyers.
