Industries · Import & Export
Factoring for import and export: do not fund long terms yourself
International clients often pay late, while you have to settle with your suppliers on time. Factoring bridges that gap and keeps your growth in your own hands, even with currency risk and limited bank security.
The working capital question in Import & Export
In import and export the payment terms stretch, certainly with foreign customers who only pay after 60 to 120 days. At the same time you want to pay your own suppliers early, to keep sharp purchase prices and good terms. Those two sides pull at your working capital at once, and exactly when a large order or a new market appears, your money is locked in invoices that are still outstanding.
Factoring is usually the starting point for exporters: you submit your export invoices and SOOF turns them into working capital straight away, so that your client's long payment term is no longer your problem. The funding line also grows with your turnover. If your receivables or other assets are already pledged to the bank, SOOF clears the way by taking over that pledge, and where it makes sense you combine factoring with a business loan through one party.
Is your security already with the bank?
As long as your receivables, stock or property are pledged to the bank, additional finance is often blocked. SOOF takes over that pledge and coordinates the process with your bank, so that the form of finance that suits your situation becomes possible again.
How taking over a pledge worksMatching solutions
What suits this sector
Factoring
Immediate cash on your export invoices, even with long foreign payment terms.
About factoring AdditionalBusiness loan
Buy out the bank and free up pledges to make factoring possible.
About the business loan CombineOne party
Factoring and a business loan combined through one point of contact.
View solutionsWhat we bring in this sector
The whole book assessed
We assess your whole receivables book and agree a suitable advance rate in advance, including with foreign customers.
International experience
We know the dynamics of long international payment terms and limited bank security.
Transparent rates
Transparent rates with no hidden fees, so that you can keep watching your margin.
Does this sound familiar?
- Your foreign clients only pay after 60 to 120 days.
- Your bank offers little security on international receivables.
- You want to grow in export, but your working capital lags behind.
Know in three minutes what your working capital is worth
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Contact
Start with a conversation.
Send a message and we will get in touch, usually within one working day. Prefer to call? You will find our number at the foot of the page.
Jaap van AalstCommercial Director
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Frequently asked questions
Yes. With long international payment terms and limited bank security in particular, factoring is often a suitable answer.
Then we look at your whole receivables book and agree a suitable advance rate in advance.
Yes. If your assets are already pledged, a business loan can buy the bank out, after which factoring fills the headroom.
We discuss currency risk on international invoices in advance, so that you are not caught out.
Often within a few days. We assess your receivables book and agree an advance rate, so that you do not miss the order.