Export Factoring
Fiba Factoring is working to increase the foreign factoring trading volumes with its knowledgeable and experienced staff by taking advantage of Factors Chain International (FCI) extensive correspondent network, which have member about 400 factors in 90 countries.
Export Factoring
Who will you trust when trading in a foreign country? Who will give you a guarantee for your receivables? Export Factoring is to serve 100% guarantee at cash against and open account sales, collection, receivables management and financing services.
In business life; The seller wants to make a cash and guaranteed sale, while the buyer's demand is to buy forward and without any guarantee. Accordingly, the current working methods (letter of credit, cash against documents or against goods) are not sufficient to satisfy the demands of both parties, making the sale difficult. Factoring is the only form of sale meet with both parties demands, especially in international transactions.
Given within the scope of export factoring,
By guarantee service;
Before evaluating the demand of a new buyer from abroad, you will get information about that company's financial data, its position and reputation in the market, and you have the opportunity to enter new markets without risk.By giving your new customers the opportunity to make open account (against goods) purchases,you gain a significant advantage against your competitors insisting bank-guaranteed sales.
By receivable management and collection service;
You save money on keeping receivables and collection records, and minimize the loss of money and time. In international sales, you are protected against large and powerful buyers.
By solving your financing problem,
You gain the opportunity to provide forward to your current customers or to enter new markets with forward sales, and you will gain very important competitive advantages.
Import Factoring
Fiba Factoring is with you to make cash against goods and forward imports without dealing with liquidity problems.
In case your foreign suppliers demand a payment guarantee, Fiba Faktoring, with its international connections and financial strength, establishes a limit on your behalf and concludes your transaction through the supplier's factoring firm.