Bespoke Business Coaches help you make the most of your business’ finances. Advances on goods (credit on pledged stock, mobilization of claims born abroad) can reach 100% of the monthly overdraft and its costs are linked to the money market rate.
The company transfers its bills of exchange to the banker (bills of exchange, promissory notes, etc.), which pays him an amount deducted from the outstanding debts. The discount remains a binding procedure since the debtor customer must sign the bill of exchange. In the event of a payment incident by the debtor, the bank may turn against the company.
The bank and the company sign an agreement and the latter gives the banker a statement of assignment of the receivables and the double of the invoices concerned. The financial company is responsible for the recovery of trade receivables and can guarantee the company coverage up to 100% of the amount of its claims via credit insurance.
