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
When a company sells a product or service on credit, a payment term is agreed between the seller and the debtor. The invoices are therefore not immediately liquid. In the meantime, however, the selling company still incurs costs. In some cases, this can cause cash flow problems for a company. Factoring solves this problem by advancing the amount to the company. Boozt24 buys the invoice and thus becomes the owner of the invoice. This ensures that the selling company is no longer dependent on the agreed payment term. Factoring ensures that working capital is immediately available, which can then be immediately reinvested in the company to achieve growth.
How does factoring at Boozt24 work?
Most factoring companies finance per invoice, Boozt24 does not; we finance on the basis of the entire debtor portfolio. We not only consider the amounts on the invoices, but also the spread and payment behavior of the portfolio. At Boozt24, your invoices are the security for your facility limit. That is why we do not need a private guarantee or a business plan. The value of your debtor portfolio is important to us. This way of factoring ensures that Boozt24 is often cheaper than other factoring solutions. View our costs page for more information about the costs.
DIRECTLY CONVERT INVOICES INTO WORKING CAPITAL
How does it work?
Deliver product or service to the customer.
Send your invoice to the customer and to us.
We transfer 85% of the invoice amount to your account within 24 hours.
Your customer pays Boozt24.
We transfer the last part of your money to your account.
THE ADVANTAGES OF BOOZT24
What makes us different?
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.
These are our conditions
Voldoet jij aan onze eisen dan ben je van harte welkom bij ons
What are the costs for factoring?
Factoring is a non-banking way to finance your business, but it is important to know the costs of factoring. Our rates are determined, among other things, by your annual turnover and the payment term. We finance the entire portfolio, which makes us one of the cheapest factoring companies. We charge a fee on the turnover, not per invoice. Our lowest rate starts at 0.5% of your turnover and goes up to 1%.
FROM QUOTE TO CUSTOMER
How do I become a Boozt24 customer?
Want to know more? View our FAQ page for more information
Looking for a Boozt?
Want to know more? All questions are welcome, please contact us and we will be happy to help you!