Our clients can finance their company operations, reduce costs, secure their collection operations and increase liquidity through our Factoring services, which we provide in two product offerings:
Factoring for Customers
This product will enable you to finance operations with your credit balances, which can be backed by commercial invoices, drafts, bonds, certificates, or any other debt instrument. These creditor’s claims are discounted at the market interest rate.
Through this product, you raise liquidity, reduce operational costs, and improve your collections performance.
Factoring - Confirming for Suppliers
Through this product, Factoring Popular acts as the customer’s payments agent in front of suppliers and contractors, providing them with an effective and low-cost way to make their payments. There are also additional benefits for both our customer and their suppliers.
The customer’s suppliers will be able to discount the invoices that are covered by the customer’s payment orders at any Banco Popular branch.
If you do not have an established business relationship with Banco Popular at this time and wish to initiate one, please forward the following documentation to us:
- The Company’s articles of association.
- Financial statements for the last 2 years.
- Your company’s RNC.
- A corporate resolution granting power of attorney to company representatives to acquire debt commitments on the company's behalf.
- List of debtors of instruments that the company wishes to discount.
- Business references (other banks).
For more information, please call our affiliate, Factoring Popular S.A., at (809) 544-5743 or 544-5740.