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.
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
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!
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
Do you meet the requirements? Then we would love to help you
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!