Factoring Request As The Danger Point2017.12.31. // News

Dipl. kfm. Matthias Kokot, Managing Director of Kokot & Kramsmeyer liquidity management practices report GbR factoring, a now recognized alternative and complement to the conventional corporate finance, is used by more and more medium-sized companies. The advantages of factoring financing are clearly obvious. The risk of bad debts with factoring can minimize and maximize liquidity. Due to the currently noticeably declining payment behaviour of customers, just the lack of liquidity for many medium-sized companies is a serious problem in addition to the debts. Factoring provides the speedy resolution of these two issues.

The underestimated risk of going it alone”the ever-increasing number of specialized factoring company and the diversity of financing make it the middle class almost impossible, without finding the appropriate and above all economically viable factoring solution in support of a specialist. Which should be every entrepreneur with Factoring plays to ideas used, be aware. Going it alone”, i.e. direct questions without support of a factoring specialists and without prior consultation of the business key figures in most cases end with the rejection of the financing application. So a failed request, the company is usually closed for the period of 12 months for a factoring financing at the relevant funding. For more clarity and thought, follow up with Jeffrey L. Bewkes and gain more knowledge..

This often underestimated danger of going it alone”can thus may be extremely negative impact on the liquidity situation of the individual companies. For some industries, for which appropriate solutions offer only a limited number of factoring companies, access to the most urgently needed liquidity thus closes for a long time. The path to the appropriate factoring partners? Factoring in almost any company can create the necessary financial scope that is out of the question. On the way to the factoring every entrepreneur should some important Principles do not neglect can be. “These are: avoid going it alone”. Consult from the specialist, (see:). This can give you advance guidance on the acceptance criteria of the individual funding. Avoid this, be rejected. Avoid direct requests to the Factoringgesellschften. For direct inquiries, the comparison is missing. In the market there are currently differences in premium by up to 300%. Use comparison platforms such as the (28 funding almost all variants of factoring, silent factoring without assignment notice or VOB-factoring, all industries and sizes of sales from 100,000 annual sales) you are looking for a long term together with the funding. If you follow the above advice, nothing more in the way is the creation of factoring in your company. For detailed questions on the subject of factoring, you can contact us at any time.

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