What is factoring?
What will you get? Hold on tight!
Rapid business financing
If you are applying for a bank loan, be prepared to wait a very long time for the bank to approve your application. Unlike a bank, collateral, credit rating and history are not necessary requirements to determine your ability to use factoring. VIMcredit gives you access to fast cash and keeps your business running smoothly.
Unlimited financing
Unlike a loan, in factoring there is no need to provide collateral in order to receive money. Your receivables, that is, future earnings, become collateral. The more you sell, the more funding you receive from VIMcredit. This is a mutually beneficial venture.
Exclusion of cash shortages
Your customers are happy, but your business is suffering from cash shortages. You are waiting for payment, but you yourself have to pay your suppliers, employees, landlords, tax authorities, etc. As a result, there are cash shortages and a deficiency in the working capital. Instead of your buyers VIMcredit will pay you immediately. And your buyer will pay us when your deffered payment period ends. You will be able to provide deffered payment to all your customers safely for your business.
Sales increase
Increasing sales and revenue is the main task of any company. But it often happens that in the presence of demand and sales markets, the company cannot increase sales due to the lack of free money resources. Thus, suppliers of retail chains are forced to provide a deferment or refuse large retailers at a loss. With VIMcredit, the supplier can receive financing immediately after the delivery of goods to the customer and use it to develop and expand the business.
New customers attraction
Deferment is a benefit to your customer. Factoring allows you to make a profitable offer to the customer. By offering customers comfortable payment terms, you can increase sales. You sell, VIMcredit pays you and waits for payment from your buyers instead of you. You can safely attract new customers by providing them with deferred payment periods, since the problem of payment will not be dealt with by you, but by VIMcredit.
Improving the payment discipline of debtors
Often, buyers, having received a large deferred payment period, are still in no hurry to pay after the end of the deferred payment period. In the absence of third-party supervision, customers feel more relaxed, they believe that it is easy to agree with the supplier to postpone payment dates to a later period. However, when a factor is connected to the case, the customer perceives a third-party agent as a supervisory and retributive body, which can adversely affect his credit history. This seriously disciplines customers.
Improving relationships with customers
Collecting debts from customers is one of the most frustrating and nerve-wracking tasks. By outsourcing this task to VIMcredit, you won't look like a bad guy when it comes to money collection. This will help maintain strong and positive relationships with customers. It will also allow you to create longer lasting relationships with customers!
Debt management
Let's face it - keeping track of outstanding bills and "knocking out" debts is time consuming. In this regard, delegating these tasks to another company will remove a serious problem from you. You will have more time to do other things while VIMcredit contacts your customers for payment.
And if that is not enough for you, VIMcredit will give you a stable partnership, a prompt solution to financing your business tasks, and, of course, excellent communication with our colleagues who are ready to become the best cure for your headaches.
