Factoring is a form of debtor finance. You submit your invoice and we transfer the invoice amount within 24hrs. In return your debtor pays us at the end of the payment turn. We’ll take control of your debtor management and in case your debtor goes bankrupt, your are guaranteed of payment.
The application process:
Submit the quotation form and with your company name, the name of your client, the expected invoice amount and your contact information. We check the solvency of your client(s). The client won’t notice this. If the solvency is sufficient, we compose a personal quotation. You can expect to receive our reply within 24 hours.
Do you agree with our quotation? Then we would like to receive a copy of your ID, bank card and the contract you have with your debtor/client. In response we compose a contract. Once signed you can submit your first invoice!
Draw up your invoice in your own layout with one notable exception. Please make sure that your bank account number is removed and replaced by the account number from FreelanceFactoring. Next you login to your personal factoring portal and upload the invoice.
Once you’ve submitted your invoice, we take care of everything. You will receive your invoice amount withing 24hrs after approval.