Factoring

To promote development of your business IBOX BANK offers you to use the loan program "Factoring" that will help to increase volume of sales by means of deficiency payment of working capital.

Factoring provides refinancing of client's accounts receivable by the Bank:

1. Supplier* delivers goods/ services on a deferred-payment basis for a customer.
2. Bank pays suppliers up to 90.00% of the amount of delivered goods/ services on the basis of approved documentation upon prior payment of a commission to the Bank for factoring management. Bank temporarily retains the remaining amount for goods/ services due to default risk.
3. Customer receives from Supplier a written notificatation about transfer of the right of a monetary claim by the Bank.
4. After the due date Customer pays the Bank 100.00% for delivered goods/ services.
5. The Bank transfers the remaining amount to Supplier's account.
6. In case of failure to receive the full amount from Customer by the Bank, Supplier undertakes to pay for a substandard debt.

*Client, with whom a factoring agreement is executed

Terms of our offer:

Period for using a product:

  • period of a general agreement with a client – up to 1 year
  • maximum deferral period – up to 120 days

Amount for factoring:

  • minimum amount for one customer within one working day – 10,000.00 UAH
  • maximum amount (for all customers) – 1,000,000.00 UAH

Performance of obligations (security):

  • property rights according to concluded agreements, contracts
  • raw materials, goods in circulation, finished products
  • movables of a client and/ or property guarantors (equipment, vehicles etc)
  • immovables of a client and/ or property guarantors of production and nonproduction purpose

One-time commission for execution – up to 1.00% when executing a general agreement.

Deferral period 1-30 days  31-60 days  61-90 days  91-120 days 
Advance installment, % Commission 
from 
tranche
Interest rate, 
per annum
Commission 
from 
tranche
Interest rate, 
per annum
Commission 
from 
tranche
Interest rate, 
per annum
Commission 
from 
tranche
Interest rate, 
per annum
 60.00 2.00% 3.00% 3.90% 4.00% 5.60% 5.00%  6.90%  7.00% 
71.00-80.00 2.10%  3.00% 4.10%  4.00%  5.90%  5.00%  7.20%  7.00% 
81.00-90.00  2.20%  3.00% 4.30% 4.00%  6.20%  5.00%  7.60%  7.00%