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Conditions
Working capital financing of ING Commercial Finance is of interest for companies with a turnover from approximately 2.5 million euros, who supply on account to corporate customers.
Factoring
The receivables financing percentage is a maximum of 90 percent based on acceptable debtors.
Grounds for exclusion can be:
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Accounts receivable older than 90 days
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Too strong a concentration of accounts receivable
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Intercompany deliveries
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Disputes
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Invoicing by instalments
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WKA-part (Wages and salaries tax and social security contributions (liability of subcontractors) act, applicable in the temporary staffing industry and construction)
Stock financing
The loan is a maximum of 80 percent of the value of the free stocks (paid stock without right of retention).
The financing percentage depends on the stock and is assessed on the basis of:
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Accessibility and currency of the stock
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Seasonal influences and sensitivity to decay
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Preorder percentage/ Letter of Credit-provision/payment
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Valuation method
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Administration and organisation
Credit management
Outsourcing your credit management to ING Commercial Finance is of interest when you have a turnover in excess of approximately 2.5 million euros.
Transfer of debtor risk
Transferring your debtor risk to ING Commercial Finance is interesting starting from a turnover of approximately 2.5 million euros.
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