Are you worried about the shortage of working capital for business operation when offering sales in term? With our “Local factoring product”, you’ll be advanced up to 90% of each account receivable.
Are you worried about the shortage of working capital for business operation when offering sales in term? With our “Local factoring product”, you’ll be advanced up to 90% of each account receivable.
1. Your Benefits
Obtain money right after the sales rather than at the term of payment.
Increase working capital for business operation.
Funds advanced to you is increased together with your sales figure.
Enjoy a wholly or partial advance basing on the receivables.
Save time and reduce cost of monitoring and collecting the receivables.
Receive Maritime Bank’s support in assessing importers or buyers business performance.
Factoring Application Documents
A demand for Local Factoring, please download application documents at Local Factoring Form.
Local Factoring Process
Step 1: The Seller and Maritime Bank sign a factoring contract
Step 2: The Seller and MSB both send a Notice referring the above factoring contract to The Buyer, indicating the transfer of accounts receivable to MSB.
Step 3: The Buyer’s confirmation of receiving the notice and undertaking to make payment directly to MSB.
Step 4: The Seller send the Goods/services to The Buyer
Step 5: MSB advances funds to The Seller
Step 6: The Buyer makes payment to MSB at maturity
Step 7: MSB collects the advance and pays the proceeds to The Seller
2. Contact
For your further information, please contact any Maritime Bank’s Branch or transactions office at your most convinience.
