Same-Day Cash on Your Company’s Receivables

At Bancovia Group, our accounts receivable financing solutions, also known as “factoring,” are designed to increase cash flow within 24 hours for international companies that sell goods to the United States and Canada.

We serve a range of industries based in Latin America, Europe and Asia, as well as other corners of the globe.

Our accounts receivable financing solutions immediately increase our clients’ cash flow so they can accelerate their growth and gain greater financial stability.

Here is the accounts receivable financing process, explained in five simple steps:

Step 1: Generate an Invoice
Your company sells products to a company based in the U.S. or Canada. Once the title has transferred to the buyer, you generate an invoice for the sale.

Step 2: Sell Your Invoice to Bancovia Group
Instead of waiting 30, 60 or 90 days for payment from your customer, your company sells the invoice to us.

Step 3: Receive Funding
Bancovia Group purchases the invoice and advances between 80% and 90% of the total invoice value to your company. Bancovia Group holds the balance in reserve.

Step 4: Customer Collection
Bancovia Group collects the full balance of the invoice from your company’s customer.

Step 5: Completion
Bancovia Group returns the reserve balance to your company, minus a fee for assuming the collections risk.

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