The bulk of your sales are made in Turkey and you prefer to work with dependable buyers but on longer credit terms. In that case, you should take advantage of our domestic factoring services.
In domestic factoring, we buy your receivables that have arisen or will arise from sales of goods and services that can be attested to by means of invoices or similar documentation and undertake their collection for you.
You'd like to give more attention to exports or to develop problem-free and long-term business relationships with more buyers in more countries. Depending on the scope of the service you want or the type of transaction, recourse or non-recourse export factoring or export letter of credit assignment will satisfy your needs.
Destek Finans Faktoring provides exporters with guarantee, financing, and collection services by obtaining payment guarantees from a correspondent factor in another country against invoices, bills of lading, or customs exit declarations related to cash against goods export transactions on terms of up to 90 days. In order for such guarantees to be valid, the goods that are shipped must first of all not be defective; both the buyer and the seller must comply with the terms of any agreement between them; and the conditions under which guarantees are provided must be fulfilled.
Destek Finans Faktoring provides exporters with financing and collection services against invoices, bills of lading, or customs exit declarations related to cash against goods export transactions on terms of up to 90 days. Any prepayments that may have been made are to be recovered from the seller if the buyer defaults on payment
In the case of terms letters of credit, Destek Finans Faktoring provides exporters with financing services against the assignment of their letter of credit receivables on condition that the goods have already been loaded.
Import factoring begins when an exporter in another company applies to a factoring company and is allocated a credit limit in the name of the importer in Turkey. In this way, you're able to conduct your import transactions on an open account basis. The exporter may take advantage of guarantee, financing, and collection services for the sales that he makes to you. In addition with import factoring, you are spared having to make any letter of credit commitments to your bank and as the importer you incur no factoring costs whatsoever. Your only obligation is to pay the invoiced amount when due and to notify the factoring company in Turkey of the payment.