Security through covering trade counterparties’ non-payment risk and flexibility upon meeting the financial needs of your business.
The factoring deal provides you with working capital for your company’s current needs, based only on invoices and documents for the made delivery, without additional collateral.
Possibility to operate under deferred payment terms and covering trade counterparties’ non-payment and insolvency risk
Option to use funds up to an approved limit without establishment of additional collateral.
We will help you in choosing the most suitable for your factoring deal structure, as upon any change in your trade policy, client portfolio, trade relations or sales volumes, we will adapt the factoring deal parameters /if needed/.
|Purpose||Credit limit for funding needs and/or protection against credit risk|
|Minimum amount of the financial limit||200 000 BGN/100 000 EUR|
Variable annual interest rate, formed of UBB’s Reference Interest Rate and a fixed margin
|Factoring commission and administration fee||
*Factoring commission - a fixed percentage of every invoice
*Administration fee - fixed for each invoice
As per the Tariff of UBB Factoring
Assigned receivables in favour of UBB Factoring
With the business credit cards MasterCard Business and MasterCard Business World from UBB, you have reliable and convenient access to funds.