WE FACILITATE (THIRD PARTY) ASSET FINANCE SERVICES

Who we are?

SOLFIN Servicios Financieros was established in 2003 from a prior basis of nearly twenty years of experience in Asset Based Finance.

We have an in deep knowledge of the financial sector and profession, very especially in the asset finance for corporations.

We collaborate with first level Financial Entities (as much locally as abroad).

We have advised or intermediated in deals for a global amount of hundreds of million euros.

FACTORING

Factoring is a short-term financial tool that includes, besides the financing itself, other services like cash management, administration and payment guarantee of the insolvency of the Debtors of the receivables ceded by the Creditor

Such services can the following:

> Collection and cash management.
> Sales ledger administration.
> Guarantee against insolvency on the part of the customers.

We are specialised in arranging deals and Factoring lines for receivables against the Public Sector (including all the Administrations at every level) as well as, for exports, with Financial Entities in the country of destination.

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INVOICE DISCOUNTING

It is a formula largely used in some European countries that has some special features and advantages compared to the conventional Factoring:

  The invoicing and collection processes are directly managed by the Vendor (creditor).
  The Debtor does not necessarily know that the invoice has been discounted.
  – Overall costs, in case of good risk quality customers, use to be lower.

Very often, sales finance is not so much a matter of risk, but a mere financial question anticipating the funds.

Invoice Discounting is a product that fits perfectly to companies with good risk-profile customers that do not need insolvency protection (insurance, documentary credits… that become more expensive unnecessarily).

The “risk” mainly falls on the client, and the Financial Entity concentrates its assessment on the Debtor and not on the Creditor’s side.

The Invoice Discounting works like a credit line in a bank account (with restricted proxy in favour of the Financial Entity) in which a percentage (indicatively 80% – 90%) of each invoice remittance is automatically cashed. Periodically, the interests and fees are settled upon the actual payment schedule and the agreed terms.

In case of exports, the Financial Entity in the country of destination reports to the incumbent Central Bank.

flecha arriba

FACTORING

Factoring is a short-term financial tool that includes, besides the financing itself, other services like cash management, administration and payment guarantee of the insolvency of the Debtors of the receivables ceded by the Creditor

Such services can the following:

> Collection and cash management.
> Sales ledger administration.
> Guarantee against insolvency on the part of the customers.

We are specialised in arranging deals and Factoring lines for receivables against the Public Sector (including all the Administrations at every level) as well as, for exports, with Financial Entities in the country of destination.

subirweb

INVOICE DISCOUNTING

It is a formula largely used in some European countries that has some special features and advantages compared to the conventional Factoring:

  The invoicing and collection processes are directly managed by the Vendor (creditor).
  The Debtor does not necessarily know that the invoice has been discounted.
  – Overall costs, in case of good risk quality customers, use to be lower.

Very often, sales finance is not so much a matter of risk, but a mere financial question anticipating the funds.

Invoice Discounting is a product that fits perfectly to companies with good risk-profile customers that do not need insolvency protection (insurance, documentary credits… that become more expensive unnecessarily).

The “risk” mainly falls on the client, and the Financial Entity concentrates its assessment on the Debtor and not on the Creditor’s side.

The Invoice Discounting works like a credit line in a bank account (with restricted proxy in favour of the Financial Entity) in which a percentage (indicatively 80% – 90%) of each invoice remittance is automatically cashed. Periodically, the interests and fees are settled upon the actual payment schedule and the agreed terms.

In case of exports, the Financial Entity in the country of destination reports to the incumbent Central Bank.

flecha arriba