Frequently Asked Questions

Factoring is a fast and flexible alternative financing product that takes over the invoiced deferred receivables arising from the domestic and international sales of the products or services of the companies and offers need-focused financing, factoring guarantee for the receivables and collection services separately or together. Factoring services are divided into three main groups.

1.    Financing;

2.    Factoring Guarantee;

3.    Receivables Management.

I AM WORKING ON OPEN ACCOUNT BASIS, I WAIT TILL THE END OF THE MATURITY FOR PAYMENT. CAN I COLLECT THESE RECEIVABLES FROM TEB FAKTORING BEFORE THEIR DUE DATES?

Yes. You can apply to TEB Faktoring for all term receivables arising from your domestic or international trade in line with your needs and business model and the payment can be collected without waiting for the maturity, if deemed to be appropriate as a result of the evaluation carried out.

WHO CAN USE FACTORING?

All businesses, from the smallest to the largest, producing and selling products and/or services of any scale can benefit from the factoring services for their deferred receivables

I AM NOT WORKING WITH TEB, CAN I STILL WORK WITH TEB FAKTORING?

Yes, you can work.

WHO ARE THE PARTIES OF THE FACTORING TRANSACTION?

In general, the parties involved in the factoring transaction are the buyer company, seller company and the factoring company. In the model involving 2 factoring companies, which is a type of export factoring service, there can be four parties as the buyer, seller, export factoring company and the import factoring company.

WHY SHOULD I WORK WITH TEB FAKTORİNG?

Established in 1997 as a subsidiary of Turkish Economy Bank, TEB Faktoring is among the leading companies in the factoring sector. Since its establishment, it has been working with all its strength in order to support its customers to develop their businesses in the country and abroad and to support the country’s economy with its experience, customer-focused fast solutions. The main advantages of working with TEB Faktoring are:

• Strong financial structure and favorable FUNDING costs;
• Boutique solutions for companies of all size in the country and abroad;
• Flexible solutions focusing on speed and efficiency as needed;
• Digital services accessible from anywhere on 24/7 basis;
• Widespread branch network and experienced TEB Faktoring staff;

HOW CAN I APPLY TO TEB FAKTORİNG?

You can reach us through all the channels based on your preference. You can reach us either by using our digital channels such as TEB Faktoring mobile application, website, quick apply service or online branch, or contacting our regional representatives by e-mail or telephone, or our customer services by calling 444 8323

WHAT ARE THE TYPES OF FACTORING?

Although there are factoring types such as Recourse – Non-recourse and disclosed – undisclosed factoring, you can visit our types of factoring page for detailed information

WHAT ARE THE FACTORING SERVICES?

Although it is separated into two main services as domestic factoring and export factoring , we also have digital services such as mobile application , quick apply  , online branch   within this frame.

WHAT ARE THE MAIN ADVANTAGES OF FACTORING?

• A secure trade environment with factoring guarantee
• Additional working capital and improvement of the cash flow with the financing
• Open account and future sales opportunities
• Flexible financing for deferred receivables
• Cash flow and working capital optimization 
• Short and medium term financing that does not block your bank limits
• Decreasing operational burdens and time saving. 

For more detailed information, you can visit What is Factoring? How Does it Work? page or you can reach us over the telephone no 444 83 23.

WHAT ARE THE DOCUMENTS THAT ARE REQUIRED TO BE SIGNED FOR THE FACTORING TRANSACTIONS?

You can visit  Required Documents page in order to review the sample documents or

you can reach us over the telephone no 444 83 23.

HOW DOES FACTORING PROVIDE FINANCING TO MY BUSINESS?

It provides fast and flexible financing to businesses at favorable rates in exchange for the transfer of the invoiced deferred receivables arising from their trade, to a factoring company and this allows the businesses to optimized their cash flow and provide additional working capital. You can visit domestic  and export

 factoring pages as needed for more detailed information

IS FACTORING ONLY USED FOR FINANCING NEEDS?

No. In addition to providing finance to the companies, factoring also provides factoring guarantee and receivables management services.

You can reach us over the telephone no 444 83 23.

WHAT IS SUPPLIER FINANCING?

Supplier financing is the financing of the receivables of the suppliers who provide products and/or services to corporate and large-scale buyer companies, resulting from the future sales made to such companies. It has different advantages for both the buyer and the seller within the frame of the supplier financing. You can visit Supplier Financing  page for more detailed information and advantages.

WHAT ARE THE COST ITEMS IN THE FACTORING SERVICE?

1) Factoring Interest

2) Factoring Commission

3) Banking  Insurance Transaction Tax (BSMV)

WHAT IS NON-RECOURSE AND RECOURSE FACTORING?

Non-Recourse Factoring: This is the case in which the risk of failure of the buyer to pay is assumed by the factoring company.

Recourse Factoring: This is the case in which the risk of failure of the buyer to pay is assumed by the seller.

WHAT IS DISCLOSED AND UNDISCLOSED FACTORING?

Disclosed Factoring: This is the case in which the seller company informs that the buyer company that it has made a factoring transaction with respect to the deferred receivables arising from the trade between them and that the invoice amounts should be paid to the factoring company instead of the seller

Undisclosed Factoring: This is the case in which the seller company does not inform the buyer company that it has made a factoring transaction with respect to the deferred receivables arising from the trade between them.

DO FACTORING AND CREDIT AGAINST PROMISSORY NOTE MEAN THE SAME THING?

No. In bank credit transactions against promissory notes, the promissory notes form the guarantee of the credit made available and are monitored over the promissory note receivables in the assets part of the balance sheet. In return, the credit used is shown in the liabilities section as financial debts. However, in factoring transactions, the promissory note represents a direct receivable with respect to the invoice. The transferred receivable amounts are converted into cash by removing from the promissory notes receivable in the balance sheet and are not shown under the financial debts.

DOES AN INVOICE NEED TO BE ISSUED TO USE FACTORING SERVICES?

The deferred receivables that shall be subject to factoring transaction are required to be based on an invoice or a similar document.

DO FACTORING LIMITS BLOCK MY BANK LIMITS?

No. The factoring limits do not block the bank limits.

ARE DIFFERENT SOLUTIONS OFFERED FOR SMEs AND CORPORATE COMPANIES?

TEB Faktoring offers boutique solutions tailored for the business model and needs of the companies of all sizes. For more information, you can reach us over the telephone no 444 83 23.