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Business Finance  /   Factoring & Forfaiting
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Factoring & Forfaiting
In a Factoring solution the Factor agrees to pay an agreed percentage of approved debts as soon as he receives an assignment, or notification, of the invoice. The percentage depends upon a number of factors.Factoring is generally of interest to start-up and SME sized companies.
Forfaiting is a banking service where the purchasing of an exporter's receivables (the amount importers owe the exporter) at a discount by paying cash. The forfaiter, the purchaser of the receivables, becomes the entity to whom the importer is obliged to pay its debt.

For more information on the required documents and other details, please call us at +97167475144 or send an email to info@crmfinancing.com

Requirement
  • 12 month bank statement of Business account
  • Years in business: Minimum 3-5 years
  • Clear repayment history of any other loans
  • Business turnover of minimum AED 5-8 million per year
  • Profitability: Net profit to be positive for last 2 years
  • Audited financials (Balance Sheet) – 2 years

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