Financing Calculation and Frequently Asked Questions About Factoring

Financing Calculation and Legal Framework

In factoring services, where services such as guarantee, collection, and financing are offered together, you can receive your future receivables arising from the sale of services or goods before their maturity. You can benefit from these services not only for your current receivables but also for your future rights. These services, which can be utilized by real and legal persons, are provided on a legal basis. These services, which fall under the scope of the Banking Law No. 5411 and the Banking Regulation and Supervision Agency (BDDK), have been regulated by a directive. You can perform financial calculations on sites such as https://www.acarfactoring.com.tr/, which have a legal infrastructure.

Everything About the Financing Process

In this system, where collateral such as promissory notes or checks are not required, it is possible to easily convert your receivables into cash after calculating the financing. When you benefit from factoring services, your receivables and payables are not shown among your financial debts. Factoring services, which are more advantageous than banks in these aspects, require you to transfer your receivables by endorsement. Receivables arising from intra-group sales, products that spoil easily, and investment goods are generally excluded from factoring services. For receivables other than these items, deductions such as factoring fees and factoring commissions may be made from you. The deduction made is subject to certain standards. Therefore, you can get detailed information from factoring companies about the amount of deduction. Financing, which is included in factoring services, covers the payment of a certain portion of your future receivables to you. You can strengthen your financial position by receiving an advance payment. The amounts of financial calculations may vary depending on the creditworthiness of the receivables, the volume of the transaction, and the maturity of your receivables. In addition, you can also receive guarantee and collection services. The factoring company, which undertakes the risk of the debtor's non-payment, thus ensures the elimination of all problems that may affect your business. Finally, you can receive collection services from factoring companies. Processes such as reporting, collecting, and tracking your receivables are evaluated within the scope of factoring services.