Factoring

Banca Progetto offers its customers a fully developed line of factoring services: assignment without recourse, partial, with recourse.

Banca Progetto's proposal for the definitive disinvestment of the credits of Italian SMEs

Building on its expertise in Italian SME loans, Banca Progetto offers another formidable financial instrument: the purchase of loans owed by customers.
With Banca Progetto's non-recourse factoring, the company transfers the outright loan (IAS Compliant), collecting the amount well in advance without worrying about anything.
The transfer of loans by Banca Progetto offers the typical advantages of factoring:

1.

It turns loans into liquid resources immediately, is an alternative source to M/L or short-term lines

2.

Financially, it reduces the money cycle and optimizes cash flow

3.

It allows for an increase in the speed of circulation of invested capital and thus profitability

4.

It improves the business's rating and its ability to obtain finance from the banking system

The risk to the business is zero; recovery management is the responsibility of the bank. The costs of the transaction are basically borne by Banca Progetto (tax due diligence, notarial deed of transfer, surety policy) while the company only has to bear the cost of the special notarial power of attorney aimed at the transfer.

The advantages of transfer to Banca Progetto

Building on its expertise in Italian SME loans, Banca Progetto offers an additional formidable instrument generally offered only to large businesses: the purchase of loans owed by the business to its customers and the Government.