Securing the financing of your operation: replacing or supplementing existing bank credit lines
Replacing the current factor
Limiting the impact of late payment by your customers
Financing a takeover as part of a divestiture plan (newco)
Setting up financing during an amicable or collective procedure
Obtaining an emergency financing line (within 2 weeks)
Renegotiating debts through an agent
Implementation or renegotiation of a factoring line in an amicable or collective procedure
When a company is experiencing difficulties, whether temporary or systemic, finding sources of financing can be complex. Banks tend to reduce their exposure and cut short-term credit lines. Historically, factoring was created to support companies in complicated contexts. Because it takes receivables as collateral, factoring is more robust and sustainable than conventional bank financing (Dailly, loan, discount, overdraft, etc.).
A company entering an amicable or collective procedure that already has set up a factoring programme must ensure the support of its current partner. If this support is not confirmed, it will be possible to quickly change of factor. Factoring companies do not all react in the same way to difficulties: some want to and are able to accompany businesses; others quickly restrict their financing and seek to terminate the contract. When you have a partner prepared to support your company in its difficulties, your outlook is brighter. It is possible to expand the scope of factoring, increase financing and secure cash flow more effectively.
Given the tight timing and pressure on management, the role of Chateaudun Crédit is to help the company find the right partner without having its financing strategy imposed on it by its environment.
Our mission: Call for tender and implementation of a factoring contract to replace the current factor
Background: French aeronautics subcontractor in financial difficulty, whose factoring is key to the continuation of its activity
• Study of the technical risks (concentration, customer-supplier compensation, transferor risk)
• Our strong involvement in factor audits and in the preparation phase of the factor credit committee
Information on the deal
Our added value