Method

Convert outstanding invoices into working capital with factoring at Boozt24

At Boozt24 we buy your invoices and within 24 hours we pay the large half of the invoice amount directly to you. We want to help entrepreneurs grow in this way.

What is factoring?

Wanneer een bedrijf een product of dienst op krediet verkoopt, is er een betalingstermijn afgesproken tussen de verkoper en debiteur. De facturen zijn bijgevolg niet direct liquide. In de tussentijd maakt de verkopende onderneming echter nog steeds kosten. Dit kan in sommige gevallen zorgen voor cashflow problemen voor een onderneming. Factoring lost dit probleem op door het bedrag voor te financieren. Boozt24 koopt de factuur weg en wordt daarmee eigenaar van de factuur. Dit zorgt ervoor dat de verkopende onderneming niet langer afhankelijk is van de afgesproken betalingstermijn. Factoring zorgt ervoor dat er direct werkkapitaal beschikbaar is, dit kan dan direct geherinvesteerd worden in de onderneming om zo groei te realiseren.

How does factoring at Boozt24 work?

De meeste factoraars financieren per factuur. Boozt24 doet dit niet. Wij financieren op basis van de gehele debiteurenportefeuille. Daarbij kijken wij niet alleen naar de bedragen op de facturen, maar ook naar de spreiding en betalingsgedrag van de portefeuille. Bij Boozt24 dienen jouw facturen als zekerheid voor jouw kredietlimiet. Daarom hebben wij geen privé borgstelling nodig en ook geen ondernemingsplan. Voor ons is de waarde van jouw debiteurenportefeuille van belang. Deze manier van factoring zorgt ervoor dat Boozt24 vaak goedkoper is dan andere factoring oplossingen.

DIRECTLY CONVERT INVOICES INTO WORKING CAPITAL

How does it work?

Step 1

Deliver product or service to the customer.

Step 2

Send your invoice to the customer and to us.

Step 3

We transfer 85% of the invoice amount to your account within 24 hours.

Step 4

Your customer pays Boozt24.

Step 5

We transfer the last part of your money to your account.

THE ADVANTAGES OF BOOZT24

What makes us different?

1. Proprietary technology

Our proprietary platform, the Boozter, is a big part of our success. The platform ensures that everything is securely automated. This makes factoring with us easy, fast and safe.

2. We grow with you

We think it is important that your company grows, our way of factoring ensures that this is possible. Are you growing as a company? Then Boozt24’s financing grows along with you.

3. Own debtor management

We do not take over debtor management, as most factorers do. At Boozt24 we think it is important that our customers keep control over their own customers.

4. No private guarantee

We do not ask for a private guarantee. Unlike other factoring companies, your sent invoices are our only security.

5. Monthly notice period

With us you will not be stuck for years. If your circumstances change, you can cancel with one month's notice.

6. Financing uninsured invoices

We also finance uninsured invoices. We base the advances on uninsured invoices on the performance of your portfolio.

Curious about who we are? View the about us page

Do I qualify?

Boozt24 is independent, this is how we distinguish ourselves as a financing partner. We make our own choices and as a result, no sectors are excluded. View our cases and read about the success of factoring in various industries.

Not sure if factoring is right for you? We work with independent advisors who can help you with this view here the page.

We also use transparent rates and rules and we grow with your company. By this we mean that you will receive more financing when your turnover grows. Finally, you have the choice to manage your debtors yourself. This way you always stay in control with Boozt24 factoring.

THE CHECKLIST

These are our conditions

Voldoet jij aan onze eisen dan ben je van harte welkom bij ons

1. Your company is in business for at least two years and you can prove this with annual reports;

2. You are active in the B2B-market;

3. You will generate a turnover of at least €500,000 this year;

4. You have an outstanding debtor balance of at least €50,000.

What are the costs for factoring?

Factoring is a non-bank way to finance your business, but it's important to know the costs of factoring. Our rates are determined, among other things, by your annual turnover and based on your average outstanding invoices, we establish a suitable financing limit together. You pay a fee on this limit and a fee on the use of the limit, often totaling less than 1% of your turnover. Boozt24 finances the entire portfolio, making us one of the cheapest factors in addition to all other benefits!

FROM QUOTE TO CUSTOMER

How do I become a Boozt24 customer?

Step 1: Request a quote

You request a quote on our platform. This quotation is free and without obligation. Based on your information and documents, such as the debtor list and the annual report, you will receive a quote from us within 24 hours.

Step 2: Agree with the quote

When you agree, you can sign and upload the quote on our platform. From here the risk process starts. After approval you will receive an agreement.

Step 3: Start to finance

When you have signed the agreement and it has been returned, we will check the submitted documents. After approval, the financing can start!

Want to know more? View our FAQ page for more information