Are you worried about the shortage of cash flow after issuing sales in term? With our “factoring products,” your demand of cash flow shall be quickly satisfied on the basis of your receivables.
If possible, only the receivables rather than any other kinds of guarantee are required to be submitted to VIB Bank for a timely cash flow.
Your benefits (Seller)
· Obtain money right after the sales rather than at the term of payment.
· Promote your sales as well as competitiveness in the market.
· Funds advanced to you is increased together with your sales figure.
· Enjoy a wholly or partial advance basing on the receivables.
· Save time and reduce cost spent on monitoring and recovering the receivables.
· Access to buyer/importer’s business operation.
Your benefits (Buyer)
· Enjoy financial benefits from sales in term.
· Increase your sales in term.
· Benefit from simplified payment because you only have to make payments to one side.
Service Features
· Factoring fee: flexible, competitive, favorable to regular customers.
· Factoring interest: basing on short-term interest rate on the factoring date.
· Factoring rate: flexible with advance of funds up to 85% of receivable value.
· Payment method: VIB Bank will collect the receivables from Buyer; automatically deduct an equivalent amount of interests and advances and credit the rest to your account.
· Factoring term: flexible, basing on the rest of the term of the receivables which is 180 days maximum.
· Factoring method: Factoring with recourse but no need to mortgage your assets.
Documentations for Factoring Service
Application for Factoring (VIB Bank’s form is required)
- Corporate’s legal documents .
- Corporate’s financial documents .
- Receivable-related documents: Trading Contract, Invoice, Goods delivery report…
- Other relevant papers
Contact
For your further information, feel free to contact any VIB Bank’s branch at your most convenience, or call to our Call Center at (04) 9426919, (84511) 3 652743, (08) 8242620