Factoring
Factoring has appeared on the Polish market just recently but thanks to its advantages it has become a facility which improves the funds turnover. Being a supplement to the bank loan it directly increases the level of liquidity in the cooperation between the business partners.
Bank pays the invoices issued by your company. The amount of the invoice is lessen by a discount.
This form of payments helps you to solve problems with temorary lack of liquidity. The bank purchases your invoices once or on regular bases stated in the agreement signed with bank, which bounds bank to purchase your invoices regularly in the specified period of time and from the specified companies.