As part of the partnership with Informauditservice and AO Pervouralskbank, companies using consulting, outsourcing, and financial services of partner companies receive discounts on factoring services as well as special offers on outsourcing and banking services.
Why PRIME Factoring is Profitable and Convenient
We guarantee the repayment of accounts receivable.
We cover payment – even if the buyer does not pay on time (with non-recourse factoring).
We eliminate cash flow gaps to maintain or increase sales volumes.
We collect receivables.
We help track payments from buyers for already shipped goods with deferred payment.
We obtain and analyze data on the reliability of your buyers for granting deferrals or advance payments.
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Receiving Funds
PRIME Factoring pays the supplier up to 100% of the delivery amount on the shipment date.
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Supply Agreement
You conclude a supply agreement with the buyer with deferred payment.
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Payment to the Factor
The buyer pays for the delivery (goods, works, services) either to the factor’s account or to the supplier’s escrow account.
How Factoring Works for Suppliers
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Factoring Fee Payment
The supplier pays a fee for factoring services, or the factor deducts its commission from the second payment.
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Factoring Agreement
You sign a factoring agreement with PRIME Factoring.
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Sign the Documents
Receive the Documents
Submit an Application
HOW TO APPLY FOR FACTORING
Fill out a short online form – it takes less than 1 minute, and our manager will contact you immediately.
We will prepare an agreement with individual terms.
Use an electronic signature or visit our office – choose the format that’s most convenient for you.
We guarantee the security and confidentiality of your data.
On the amount of accounts receivable transferred to the factor. The volume depends on your agreement with the buyer: it may be an annual supply contract, a contract with work stages, or a service agreement. The factor may receive all payments under this contract, or only part of them. It is also important to specify the buyer’s payment terms in the contract. Additionally, agree on commissions in case the buyer fails to pay.
It doesn’t matter how many years your business has been operating — what matters is who your buyer is! Factoring is available for companies of any size and history. The key factor is having a reliable and verified buyer (debtor) with whom you have a supply, service, or works contract with deferred payment.
The factor does not always transfer the full amount of receivables at once. Sometimes the payment is made in parts (for example, 90% at the time of assignment, and the remaining amount after the buyer pays). All these details should be agreed upon when signing the contract.