Aresbank Factoring: optimising your collection management and more
Factoring is a financing option that allows you to obtain liquidity while minimising risks. At Aresbank we take care of your collection management so that you can have immediate access to money and forget about collecting invoices.
Factoring is a type of financing for companies that allows them to obtain immediate liquidity from accounts receivable.
The financial entity, in this case Aresbank, converts your outstanding invoices into cash.
In exchange, you pay the corresponding commission and interest and you can forget about collection management and focus on growing your business.
Types of Aresbank factoring
At Aresbank you can find various factoring options:
- With recours:. In which the bank does not assume the risk of non-payment.
- Without recourse: In which you are guaranteed the collection of the amount, even in the event of your clients’ insolvency.
- Notified: In this modality, the financial entity notifies the debtor that it has assigned the invoice, so that, from that moment, the debtor is obliged to pay the entity in the agreed terms.
- Without notification: In this case, the debtor will pay the invoice to the company, as it will have no record of the assignment of the invoice to the financial entity.
You can choose the type of factoring that best suits your needs, bearing in mind that each type of factoring will have a commission that will depend on the risks assumed by the financial entity. We offer you a personalised financial solution, adapted to the needs of your business.
Advantages of factoring with Aresbank
By contracting Aresbank’s factoring service, you can obtain immediate liquidity without waiting for your customers to pay. We will convert your outstanding invoices into cash so that you can maintain a constant cash flow, in addition to other advantages:
- Eliminates uncertainty on the collection date.
- Reduce the collection period.
- You can access financing in a flexible way.
- Increased borrowing capacity.
- You do not have to change the payment method of your customers.
- The value of your sales is anticipated as soon as the invoice is issued.
- You save management and financial costs.
- Facilitates your cash flow planning.
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By contracting a factoring service, your company does not have to change the method of payment of your customers.
You assign the collection management of the invoices to us, so we verify the authenticity of the invoices and the solvency of the debtors and, once the process has been approved, we will advance the value of the invoices under the established conditions.
Thereafter, we will collect your outstanding invoices, retaining the commission for this service.
At Aresbank you can count on personalised advice. Our experts will evaluate your case and help you find the best factoring solution for your business.
In order to assess the solvency and repayment capacity of your business, you will need to provide certain documentation so that we can approve your factoring application. This financial information includes reports, audits, balance sheets, profit and loss accounts, corporate taxes, business plans and other documents that will be specified by our experts.
To contract Aresbank’s factoring service, all you have to do is contact us to tell us about your case. If you want to speed up the process, you can fill in the form on our website and our agents will contact you as soon as possible to find out your needs and guide you through the next steps.
We will make a diagnosis of your business situation, evaluate which financing options are most suitable for you, select the one that is most interesting for you and draw up a strategic plan tailored to your needs.