Choose factoring suited to your needs
Non-recourse factoring is designed for companies that focus on dynamic growth, boosting sales and acquiring new customers, but at the same time value the sense of security.
Thanks to non-recourse factoring, you no longer have to worry about long payment terms or customer’s default. KUKE Finance protects your company from bad debt by taking on the risk of non-payment by your customer.
Non-recourse factoring combines the benefits of financing, which is quick access to cash frozen in unpaid invoices, with receivables insurance ensuring safe cooperation with your business partners.
Tired of waiting for payments from your buyers? When your customers are late with payment, you may have problems maintaining financial liquidity. Non-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 credit risk protection, accounts receivables bookkeeping and collection services.
The essence of non-recourse factoring is that the factoring company, i.e. KUKE Finance, takes on the risk of non-payment by your customers covered by the factoring agreement. This is possible thanks to the insurance of trade receivables either by the factoring company itself, or by using the already existing credit insurance policy concluded by you with the insurer. In both cases, you relinquish the risk of non-payment by your customers for the goods you have delivered or services you have provided.
Non-recourse factoring with the KUKE Finance insurance policy is a solution under which KUKE Finance takes on the risk of insolvency of your customers covered by the factoring agreement under the trade receivables insurance (credit insurance) agreement concluded between KUKE Finance and KUKE.
If your company already has signed or plans to conclude a credit insurance agreement with KUKE, we can offer you non-recourse factoring based on your existing credit insurance policy with KUKE. Under the tripartite agreement between you, KUKE Finance and an the insurer (KUKE), KUKE Finance enters into the rights and obligations spurring from the credit insurance policy.
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.
You will no longer have to worry about bad debt. Factoring company takes on the risk of non-payment by your customers.
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.
