The Factor is on the bank service "factoring" specialized. Their offer includes the purchase and financing of short-term exposures to domestic and foreign customers, including the Accounts Receivable Management dunning and collection system and the adoption of the failure risk of claims.
Factoring is directed at all stages of production, wholesale and service establishments to their customers to open accounts with payment terms up to 120 days supply. The core target group of their services are companies with an annual turnover of € 1 million to 30 million €, which outsource their customer management and / or their balance sheet structure and to streamline a modern form of financing on the basis of their outstanding receivables from customers are looking for.
They see theirselves as partners of the SME sector in Austria and provide their clients with customized solutions as an attractive complement to conventional financing through the bank.
The Factor Bank was founded in 1965 and is thus more than 40 years in the Austrian market. Their shareholder is Bank Austria AG. They so have a comprehensive and strong capital background.