Cim Finance has always been the key partner of small and medium-sized companies (SMEs). With the reintroduction in the 2016-2017 budgets of the SME Factoring Scheme, Cim Finance provides you with solutions that help you access the cash needed to support your business growth and save on administrative expenses.
Factoring is an efficient solution to boost the cash-flow of your SME. You can improve your cash flow without having to wait for long payment periods, giving you the opportunity to focus on increasing sales and enhancing the relationship with your customers.
Cim Finance offers you a complete sales ledger administration and protection against bad debts. Time gained on managing clients' accounts allows you to focus on your business and save on staff costs.
Download the SME FACTORING SCHEME brochure
To be eligible, your business must
Cash consolidated with the financing of up to 90% of the amount of an invoice.
Factoring charges not exceeding 1,5% of the invoice amount, with a 50% subsidy from the Investment Support Program for beneficiary clients
A competitive interest rate of 3.90% for beneficiary clients
No floating charge or additional security
One-time signature charges
A dedicated professional team for debt recovery
Audited accounts for last 3 years
Bank statements for the last 3 months
Business Registration Card
Certificate of Incorporation
Consent of Directors or Memorandum & Articles of Association
Copies of identity cards and recent address of directors
List of debtors
Proof of address of the business
Valid operation licence