Choose factoring suited to your needs
Recourse factoring allows you to quickly release cash frozen in unpaid invoices.
Your company sends invoices to KUKE Finance issued to customers for the goods delivered or the service provided. In return, KUKE Finance immediately transfers cash to your bank account and then waits for your customers to settle the outstanding invoices.
The risk of non-payment by your customers is borne by you, therefore recourse factoring is best suited to companies that sell their goods or services with deferred payment terms to a fixed and trustworthy group of customers, and at the same time want to speed up payments from their buyers.
Tired of waiting for payments from your buyers? When your customers are late with payment, you may have problems maintaining financial liquidity. Recourse factoring is a quick way to convert invoices to cash. By using factoring provided by KUKE Finance, you will receive cash immediately after issuing the invoice. You will be able to use these funds in order to grow your business or for any other purpose find important. In addition to providing instant access to cash, factoring combines accounts receivables bookkeeping and collection services.
We agree to purchase your outstanding invoice before its due date falls. In return, subject to the terms of the purchase set out in our agreement with you, we immediately advance up to 90% of that invoice value. The remaining balance, in this case 10% of the invoice value, is available to you after we have received the payment from your customer. In recourse factoring, the factor company does not take on the risk of bad debt (non-payment by your customer). For this reason, recourse factoring is the best solution for companies working with reliable customers that have a long-standing, positive history of cooperation.
It is worth noting that in recourse factoring, despite the fact that the factoring company does not take on the risk of bad debt, it still assists its customers in claiming outstanding receivables. This means your company will receive the support of a professional debt collection team.
Recourse factoring involves fewer formalities than in non-recourse factoring related to granting issuing credit limits to buyers. This type of factoring is also cheaper than non-recourse factoring.
Factoring provides instant access to cash tied up in unpaid invoices. You will no longer have to wait for customer payments in order to settle your own liabilities on an ongoing basis.
Your company will become more competitive, which may result in an increase in the number and value of new orders.
As your business grows and sales increase, so does the amount of cash available from the factoring company that purchases your invoices.
The factoring company will handle managing and collecting payments from customers. The time and effort spent on these time consuming activities can be redirected to your company’s core business.
You get quick and easy access to cash 24/7 without the need to use traditional and more complicated forms of financing such as bank loans.
