Frequently Asked Questions

Who can use factoring transactions?

It is a finance technique from which firms can benefit which sell within the country.

Is there a difference between Factoring and Bank Loans?

There is difference between bank loans and factoring in terms of accounting technique. Bank loans are included within debits item, in contrast to factoring obligations which are included in the sellers item. In the event that the factoring transaction held is non-recourseable, then the transaction may be entirely off-balance sheet. This brings about positive effects on the balance sheets of the firms.

What are the factoring costs?

· Commission rates are determined distinctly for each customer in view of the characteristics of transactions.

· Interest is paid in the transactions where preliminary payment is used, interest amount is revised daily according to the market conditions.