Start the summer action: Munich, June 3, 2009 – the Vantargis factoring launches its factoring action to the meteorological start of summer and the entry fee shall adopt all new customers with a contract until the end of June. We want to make the decision small and medium-sized enterprises easier, to use factoring to the securing of liquidity\”, explains Marco Frohlich, Manager of the Vantargis factoring the action. The Vantargis offers small and medium-sized enterprises different factoring and leasing models factoring. Especially factoring has strongly gained in importance in recent years as a type of financing. The factoring market was in 2008 with a turnover of more than EUR 100 billion, which is a growth for the previous year by more than 24 percent.
Especially in the current economic situation, more and more medium-sized companies are looking for alternative solutions to secure their liquidity. Factoring is the perfect product to finance the sales permanently. Trouble factoring factoring the entrepreneur sold his demands continuously to the Vantargis factoring and get for immediate liquidity. He is solvent, can pay its debts on time and with a discount. Also factoring users have a clear competitive advantage because they can offer longer payment terms to their customers,\”says Marco Frohlich.
In addition to the funding, the insurance of receivables against loss for many companies is the reason for the use of the service. A debtor is insolvent and failed bills, which can threaten the existence of fast\”, so cheerful. But the entrepreneur uses factoring, receivables are insured and he need not pay back already bevorschusste amounts\”. Also, the entrepreneur is relieved by the outsourcing of customer management. Many medium-sized companies know the cost of a traditional credit factoring as a low-cost method of financing and in finding alternative financing they put the loan fees like this in the ratio. Factoring fees and interest rates are depending on the model calculated.