Converting your invoices into cash through MCB Factors is easy. All you need to do is follow a simple process:
- You send us your invoices accompanied by purchase orders and delivery notes
- We fund you immediately up to 90%
- You inform your client that the payment should be directly addressed to us.
- We collect funds from your client from the invoice due date to the full payment of the invoice.
Our rates are low and are quickly offset by all the benefits you will reap from our factoring services. All it will cost you to obtain immediate funds and a full sales ledger administration is:
- A factoring fee varying between 1% and 2.5% of each invoice. The fee depends on your turnover, the amount of invoices as well as the number and quality of your clients
- Servicing fees representing specific services such as client follow-up, client risk evaluation and feasibility study. These fees are calculated on a case by case basis.
- Interest fees corresponding to your existing refinancing overdraft (Prime Lending Rate + spread applicable to your own financial profile).
You can download, fill and send us the proposal form and the Authorisation to Share Information form, to receive an official quote.