Financing your organic growth and your business development
Supplementing or replacing your short-term financing lines
Optimising the management of your working capital
Boosting the financing of your accounts receivable
Limiting the impact of your customers’ late payments
Over the past decade, the debt financing market has seen the arrival of new players called Fintechs (contraction of the words “finance” and “technology”). Fintechs use digital technology to facilitate companies’ access to financing. They aim to be quicker and easier. Their offers can complement those of banks or, more rarely, replace them. Their refinancing requirements are higher than those of banks: thus they are more expensive.
How to choose between a Fintech and a factoring company?
The choice will be based on 4 criteria: the amount, the urgency, the recurrence of the financing need and, finally, the price.
If your need for financing is occasional, urgent and covers a small part of your invoices: the Fintech is a good solution. It will respond rapidly. However, it is necessary to pay attention to the price of this solution.
If your activity does not meet the eligibility criteria of factoring companies (factors), again, Fintechs can find a creative solution.
If your financing need is recurrent and involves a significant proportion of your receivables, it is best to consider a factoring company that will remain the most effective and least expensive solution.
A broker can help you define your financing need. It advises you and guides you towards the best solutions. It allows you to access the whole factoring market in a single study. The broker will compare the costs and potential financing for each solution. The brokerage business model allows you to receive cutting-edge advice without extra fees.
Through its Factorland platform, Chateaudun Crédit gives you access to all the players on the French market and you benefit from 15 years’ experience to be sure of choosing the right financing solution.
Our mission: Call for tender and implementation of a factoring contract with a player outside the banking pool
Background: Digital company undergoing change and growth
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