How to close the best factoring deal?

Have you decided to opt for factoring and to cash your outstanding bills so that you do not have to wait for your debtors? Then it is important that you close a good deal with a factoring company. We are happy to give you three tips to make this easier:

1. Request multiple quotes

To increase the chance that your factoring request will be accepted, it is a good idea to submit your request to two or three parties. FactoringVergelijken.nl does this for you and, by default, requests multiple quotes from parties that best suit your company's profile. There are many lesser-known factoring companies that use very interesting conditions. The competition also provides a proven price-reducing effect.

2. A well-prepared man / woman is worth two

Before a factoring company proceeds to finance, you often have to provide figures. So ensure that your figures and documents are correct and complete. Documents that you must usually be able to submit are the figures for the past financial year, interim figures for the current year and an outstanding debtor and creditor list. If you can deliver everything smoothly and correctly, this is a big plus.

3. Pay attention to the prohibition of pledging

A pledge prohibition is a clause in a contract of your debtor, which stipulates that it is prohibited to pledge the invoices to a bank or a factoring company. Many entrepreneurs are not aware of this. So read the terms of delivery of the companies with whom you do business carefully and try to abolish these pledging prohibitions.

Do you want more tips? FactoringVergelijken.nl is happy to help you further with tips, factoring costs (dutch: factoring kosten) and factoring zzp.

Choose Compare Factoring

Are you considering factoring, but you are not sure where to start? Factoring Compare makes it clear. Thanks to good contacts and years of experience, they are able to put together suitable quotations for you. You will receive this within 2 working days at the latest. Do you want to make a comparison easily and without obligation? Then rely on FactoringVergelijken.nl.

This article does not necessarily reflect the opinions of the editors or management of EconoTimes.