Factoring Agreement Traduccion
When a company receives financing from a bank instead of a factor, the bank, the company and the postman enter into an agreement stipulating that the funds that are otherwise to be paid to the bank under the factoring contract are to be paid to the bank. First, it is likely that your company will receive a letter of offer (it is not a contract) from the postman that contains some, but not all, terms and conditions that may be included in the factoring agreement. This letter of offer usually requires your signature and a deposit. The factor will then send you the proposed factoring documents, including the factoring agreement, personal guarantees (if the factor advances), a secretarial or management certificate (depending on whether your company is a limited liability company or a limited liability company), a proposed communication to your customers that your company`s receivables have been attributed to the postman and various related documents and agreements. Your clothing store is working well and instead of continuing to use your own financial resources or borrow from family and friends, look for third-party financing. You are now ready to start discussions with different financial institutions about factoring your company`s receivables. Racey Cohn has been offering agreement structuring and other business advice and advice for major financial institutions for over 20 years. .