Sell your receivable to an Export Factor. Under factoring a Factor purchases your receivable at a discount.
- Book an appointment with buzzBT
- At scheduled time our specialist will call you to understand the transaction.
- Based on the mandate received from you, buzzBT will negotiate for the best terms from the market.
- Factor disburses the amount to the customer
- Mandate letter in favour of buzzBT
- Details of the assignor, assignee and the type of factoring (with recourse or without recourse or on limited recourse basis.)
- KYC and Financial details as required by the lender
Rate of interest and fees
- ROI and fees depends upon the credit profile of assignor, assignee, type of factoring and policies of the factor