Great and Essential Supports for the Best Options Now

For medium-sized businesses bad debt losses are difficult to cope with and attack the substance of the company. Not infrequently, companies are themselves in financial distress as a result of the payment defaults, as they often lack the financial reserves to compensate for the loss of receivables on the one hand and to finance ongoing operations on the other hand. In the end, they may even face insolvency. In addition, there is the increasing organizational effort involved in collecting open invoices for a company.

The Consequences

Another consequence of the decline in payment practices is the increasing organizational and financial burden of bringing in open accounts for a business.

An alternative form of financing that helps companies hedge against such losses is so-called factoring. It is originally from the USA and has been used in Germany since the 1950s. A suitable German translation for the term factoring has not yet been found. For the factoring of receivables you will be able to have the best options.

Fair

Before the conclusion of the factoring contract, we conduct a thorough consultation with a cost-effectiveness calculation on site and develop a suitable factoring solution with you. We agree with you a transparent fee model in which all costs are included – there are no hidden costs with us.

Partnership

The Companies are – like you – a medium-sized company and therefore know about the challenges of your daily work routine. The quality of our employees, our many years of experience and their technical and technical capabilities make us a valuable partner for your company. They meet you on equal terms and especially appreciate a long-term, partnership-based cooperation.

The floor of short-term operational obligations is understood as the enterprise’s liabilities arising in connection with its production (operating) activity and having a maturity of less than one year. Short-term production (operational) liabilities of the enterprise include: short-term commercial loans, whose accounts must be paid during the current year; reserves for payment of taxes; dividends, etc.

Long-term operational obligations are understood as liabilities of the enterprise arising in connection with its production (operational) activity and having a maturity of more than one year. Long-term production (operational) liabilities include long-term commercial loans, whose accounts are not payable during the current year; long-term lease, etc.

It should be noted that long-term commercial loans are a rare phenomenon. Not all enterprises agree to sell their products with a deferred payment for a period exceeding a year.

Financial obligations are understood as liabilities of an enterprise arising in connection with the attraction of funds on terms of urgency, playability, and repayment.Short-term financial obligations are understood as liabilities of the enterprise arising in connection with the attraction of loans, the maturity of which is less than one year. Long-term financial obligations are understood as liabilities of the enterprise arising in connection with the attraction of loans, the maturity of which is more than one year.

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