Frequently asked questions

How much would we pay for factoring?

Question: Isnۥt factoring too expensive?

Answer: 

We can answer YES and NO at the same time. 

Factoring transactions and management of receivables bring higher costs, on the other hand can bring higher benefits and savings for majority of companies.

YES answer

can be applied for a company in a very good financial situation with “unlimited” access to bank financing where management of receivables is not of concern. Such company would pay us interest for provided money as well as fee for management of receivables. Total costs for financing through factoring in this case might be higher in comparison to bank financing.

NO answer

can be applied for all companies that would fully use services and advantages of factoring: that means need to get financing in a fast and simple way to be able to further develop their businesses and at the same time need to solve problems in the area of management and collection of receivables. Factoring is not expensive for such companies; it brings significantly more benefits in comparison to total costs paid.

Price for money lending (interest) is fully comparable with bank overdraft financing, but CSOB Factoring is able to provide more financing facilities than a bank which in fact enables clients to grow faster, increase their turnover or realize projects bringing higher profits. Stronger liquidity helps clients to pay their payables to suppliers faster; this creates the possibility to reach bonuses, usually in higher amounts than factoring costs. In case you do not use the whole amount of financing, there is no stand-by fee with CSOB Factoring; further we charge no fee for contract documents.

Cost connected with management of receivables is fully compensated by improved payment morality (lower need of external financing – savings on interests) and the risk of non-payment is minimal.

Why to choose CSOB Factoring?

Question: I know that factoring solution would be very helpful for our firm. Why should I choose to start the cooperation with your company?

Answer: 

We are sure you know how to choose your business partners and you should use the same criteria for choosing your financial partners. Our company offers factoring solutions for more than 15 years, we are part of strong CSOB group and our market share is approx. 20 % in a long term. We have highly sophisticated IT system and a team of experienced staff at disposal. We are convinced that we can make an interesting offer to your company too – you choose your financial partner, the final decision is always yours.