The popular point of domestic factoring business will also be called accounts receivable financing, that is, after the company passes the bank's audit, it transfers your accounts receivable to the bank and obtains funds in advance. According to different types, it can be divided into buyout factoring and repurchase factoring. The audit point of factoring bank is mainly to audit the repayment ability of the debtor (that is, the company that owes money to the company).
Foreign factoring business is mainly a financial product designed according to the import and export business of import and export enterprises, and its main function is to let import and export enterprises obtain funds in advance. Specific products include packaged loans, invoice discounts and so on.
Question 2: What is the essential difference between factoring and small loans? The business scope between them is different:
Factoring company is a comprehensive financial service model that transfers the accounts receivable generated by sellers and provides them with a series of services such as financing, buyer's credit evaluation, sales account management, credit risk guarantee and account collection.
Small loan companies are established by natural persons, enterprise legal persons and other social organizations, and operate small loan business with their own funds without absorbing public deposits.
The above explanation is for reference only!
Question 3: What is a factoring loan? It is not a factoring loan, but a factoring financing. That is, the factoring company buys your receivables.
Question 4: About factoring loans? 5 points: Because the factoring with recourse is equivalent to the pledge of accounts receivable, there is no need to adjust the accounts receivable.
Question 5: Factoring loans Factoring loans are pledged, and the People's Bank of China has a pledge registration system. Can't sell due accounts receivable. Factoring business can be divided into recourse and non-recourse factoring business, and recourse factoring business. If the accounts receivable cannot be paid on time after maturity, the bank has the right to recover the money.
Question 6: What is the difference between the buyer's factoring business and the seller's factoring financing business? The two businesses you mentioned are similar, both of which belong to domestic accounts receivable financing. Domestic accounts receivable financing is a financing service that customers get from our bank with domestic accounts receivable. Advantages: ① The financing form is flexible, which can not only transfer the accounts receivable to our bank for domestic factoring, but also handle domestic invoice financing with VAT invoices as evidence. ② Our bank can accept a wide range of accounts receivable, including accounts receivable for selling goods or providing services to enterprises, institutions, * * and the military. (3) The maximum financing amount can reach 100% of the amount of accounts receivable or invoices, without guarantee. ④ Revitalize accounts receivable, obtain liquidity in time and promote business development. Difference: domestic factoring needs to provide contracts and invoices (or other forms that can be proved, not necessarily invoices); Domestic invoice financing business only needs to provide invoices
Question 7: What is factoring? Factoring, also known as secured payment agent and secured payment by collection, is a way for exporters to ask the third party (the factor) to bear the risk in order to avoid the risk of collection when settling loans by collection or credit sale in trade. Factoring is a comprehensive financial service integrating trade financing, commercial credit investigation, accounts receivable management and credit risk taking. Compared with the traditional settlement method, the advantage of factoring mainly lies in the financing function. Factors provide at least the following two services:
trade financing
According to the seller's capital demand, the factor can provide financing to the seller immediately after receiving the transferred accounts receivable to help the seller solve the problem of liquidity shortage.
Sales general ledger account management
According to the requirements of the seller, the factor can regularly provide the seller with the collection of accounts receivable, overdue accounts, aging analysis, etc. , and send various reports to assist sellers in sales management.
Collection of accounts receivable
Factors have professionals engaged in collection work, and they will take reasonable, powerful and economical measures to help sellers collect accounts safely according to the overdue time of accounts receivable.
Credit risk control and bad debt guarantee
The factor can verify the credit line for the buyer according to the seller's demand, and provide 100% bad debt guarantee for the accounts receivable generated by the seller's delivery within the credit line.
Question 8: What's the difference between a factoring loan and an ordinary letter of credit loan? The difference between factoring loan and ordinary loan is that the former is to buy out the income right under the letter of credit from the factoring company or bank at one time, and this buyout has no recourse, so this situation does not belong to the nature of "loan"; The latter is to mortgage the income right under the letter of credit to the bank, so as to borrow a sum of money from the bank. However, if the income right under the letter of credit is not cashed by the issuing bank in the future, in other words, the issuing bank has no payment, then the lending bank has the right of recourse, that is, it can ask the beneficiary for the most loans.
It should be noted that the above refers to the borrowing behavior of the beneficiary of the letter of credit when he obtains the right to income. The letter of credit itself cannot be used for factoring loans and ordinary loans before it is used.
Question 9: What are the differences among pledge financing, discount financing and factoring financing of accounts receivable? Accounts receivable pledge financing: generally speaking, financing with your accounts receivable as the guarantee costs more, because there is a risk that accounts receivable will not be collected, and the financing time is shorter, usually within three months. This part of the collateral is your own money, and the money you get is from the bank.
Discount: Discount includes acceptance bill discount and letter of credit discount. There are many kinds of acceptance bills and letters of credit. Needless to say, this part is the bank credit granted by the bank to your company's running water and operating conditions. You only need to pay a part of the deposit, such as 20%, to get the bank commitment letter/letter of credit, but the bank commitment letter/letter of credit is generally long-term (three months to one year), and the seller cannot receive it after receiving it. The discount fee is low. This part of the collateral is the credit and operating conditions of their own enterprises, and what they get is the bank's money.
Factoring financing: it is also a kind of accounts receivable financing. Factoring financing is divided into domestic trade factoring and foreign trade factoring. Foreign trade factoring is divided into single factoring and international double factoring. At present, domestic factoring and foreign trade single factoring are widely used in China. The cost of domestic factoring is relatively high, ranging from 12% to 20%. Generally speaking, the payer of accounts receivable is a large domestic enterprise. Foreign trade single factoring is generally underwritten by insurance companies such as China Export Credit Insurance, and the repayment of accounts receivable is certain and in US dollars, so the cost is low.
Costs from low to high: discount, accounts receivable financing, domestic trade factoring.
Discount, foreign trade bill factoring, accounts receivable financing
Pure manual typing. I used to be in the factoring industry, but now the industry uses discount.