Financing Small And Medium Size Enterprises With Factoring
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Financing Small And Medium Size Enterprises With Factoring
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Author : Marie-Renée Bakker
language : en
Publisher: World Bank Publications
Release Date : 2004
Financing Small And Medium Size Enterprises With Factoring written by Marie-Renée Bakker and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Factoring (Finance) categories.
Factoring is a form of asset-based finance where the credit is extended based on the value of the borrower's accounts receivable. In recent years factoring has experienced phenomenal growth and has become an important source of financing--especially short-term working capital--for small and medium-size enterprises and corporations, reaching a worldwide volume of 760 billion euro in 2003. Although the importance of factoring varies considerably around the world, it occurs in most countries and is growing especially quickly in many developing countries. Bakker, Klapper, and Udell explore the advantages of factoring over other types of lending for firms in developing economies, and discuss the informational, legal, tax, and regulatory barriers to its growth. They also examine the role of factoring in the eight Eastern European countries that became EU members on May 1, 2004--the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, the Slovak Republic, and Slovenia, referred to as the EU 8. The authors conclude that factoring offers key advantages over other lending products and is likely to become more important in these countries, and suggest policies to accelerate its development. This paper--a joint product of the Finance Team, Development Research Group and the Private and Financial Sector Development Department--is part of a larger effort in the Bank to study access to financing.
Financing Small And Medium Size Enterprises With Factoring
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Author : Marie H. R. Bakker
language : en
Publisher:
Release Date : 2016
Financing Small And Medium Size Enterprises With Factoring written by Marie H. R. Bakker and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
Factoring is a form of asset-based finance where the credit is extended based on the value of the borrower's accounts receivable. In recent years factoring has experienced phenomenal growth and has become an important source of financing - especially short-term working capital - for small and medium-size enterprises and corporations, reaching a worldwide volume of 760 billion euro in 2003. Although the importance of factoring varies considerably around the world, it occurs in most countries and is growing especially quickly in many developing countries. Bakker, Klapper, and Udell explore the advantages of factoring over other types of lending for firms in developing economies, and discuss the informational, legal, tax, and regulatory barriers to its growth. They also examine the role of factoring in the eight Eastern European countries that became EU members on May 1, 2004 - the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, the Slovak Republic, and Slovenia, referred to as the EU 8. The authors conclude that factoring offers key advantages over other lending products and is likely to become more important in these countries, and suggest policies to accelerate its development.This paper - a joint product of the Finance Team, Development Research Group and the Private and Financial Sector Development Department - is part of a larger effort in the Bank to study access to financing.
The Role Of Factoring For Financing Small And Medium Enterprises
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Author : Leora Klapper
language : en
Publisher: World Bank Publications
Release Date :
The Role Of Factoring For Financing Small And Medium Enterprises written by Leora Klapper and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.
"Around the world, factoring is a growing source of external financing for corporations and small and medium-size enterprises (SMEs). What is unique about factoring is that the credit provided by a lender is explicitly linked to the value of a supplier ' s accounts receivable and not the supplier ' s overall creditworthiness. Therefore, factoring allows high-risk suppliers to transfer their credit risk to their high-quality buyers. Factoring may be particularly useful in countries with weak judicial enforcement and imperfect records of upholding seniority claims because receivables are sold, rather than collateralized, and factored receivables are not part of the estate of a bankrupt SME. Empirical tests find that factoring is larger in countries with greater economic development and growth and developed credit information bureaus. In addition, the author finds that creditor rights are not related to factoring ... " -- Cover verso.
The Role Of Factoring For Financing Small And Medium Enterprises
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Author : Leora Klapper
language : en
Publisher:
Release Date : 2005
The Role Of Factoring For Financing Small And Medium Enterprises written by Leora Klapper and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Factoring (Finance) categories.
"Around the world, factoring is a growing source of external financing for corporations and small and medium-size enterprises (SMEs). What is unique about factoring is that the credit provided by a lender is explicitly linked to the value of a supplier ' s accounts receivable and not the supplier ' s overall creditworthiness. Therefore, factoring allows high-risk suppliers to transfer their credit risk to their high-quality buyers. Factoring may be particularly useful in countries with weak judicial enforcement and imperfect records of upholding seniority claims because receivables are sold, rather than collateralized, and factored receivables are not part of the estate of a bankrupt SME. Empirical tests find that factoring is larger in countries with greater economic development and growth and developed credit information bureaus. In addition, the author finds that creditor rights are not related to factoring ... " -- Cover verso.
The Role Of Factoring In Modern Business Finance
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Author : Clyde William Phelps
language : en
Publisher:
Release Date : 1962
The Role Of Factoring In Modern Business Finance written by Clyde William Phelps and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1962 with Accounts receivable categories.
Factoring As A Financial Alternative
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Author : Gazmend Nure
language : en
Publisher:
Release Date : 2018-10-08
Factoring As A Financial Alternative written by Gazmend Nure and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-10-08 with categories.
Successful business practice needs continued resources of financial resources. Among many other methods, businesses have begun to use factoring as a financing method. Factoring, as a special financing method, is practiced in practice by factoring contracts. Contacted factoring is a legal transaction based on the duty institute according to which the creditor assigns its receivables to the factor (specialized companies in general).Factoring has some common functions, the first and most important of these functions is the financing function (from suppliers). Other factoring functions as; advance payment, bookkeeping, regarding claims, claim collection, protection against payment failures are also very important. The trading practice has developed numerous forms of factoring deals. Current economic conditions, characterized by credit constraints, make factoring one of the most favorable solutions for businesses. This funding method is one of the ways it takes a short time to negotiate and one of the easiest ways to secure working capital funds, which is one of the most sensitive points for small and medium-sized enterprises. Although it is a well-known financing approach that in Roman times, factorization is still regarded as one of the newest and least popular funding methods that are expanding recently in the former communist countries, including Albania and Kosovo.
How To Run A Small Factoring Business
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Author : Jeff Callender
language : en
Publisher: Dash Point Publishing
Release Date : 2012-09
How To Run A Small Factoring Business written by Jeff Callender and has been published by Dash Point Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-09 with Business & Economics categories.
This practical, hands-on manual teaches everything you need to know about starting and running a small factoring business. With common sense directions and first-person experiences giving a "been there" flavor to each page, you’ll learn how factoring small receivables can be a lucrative, enjoyable business and an excellent tool for investing retirement or discretionary investment funds.
A More Complete Conceptual Framework For Financing Of Small And Medium Enterprises
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Author : Allen N. Berger
language : en
Publisher: World Bank Publications
Release Date : 2005
A More Complete Conceptual Framework For Financing Of Small And Medium Enterprises written by Allen N. Berger and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Commercial credit categories.
The authors propose a more complete conceptual framework for analysis of credit availability for small and medium enterprises (SMEs). In this framework, lending technologies are the key conduit through which government policies and national financial structures affect credit availability. They emphasize a causal chain from policy to financial structures which affect the feasibility and profitability of different lending technologies. These technologies, in turn, have important effects on SME credit availability. Financial structures include the presence of different financial institution types and the conditions under which they operate. Lending technologies include several transactions technologies, plus relationship lending. The authors argue that the framework implicit in most of the literature is oversimplified, neglects key elements of the chain, and often yields misleading conclusions. A common oversimplification is the treatment of transactions technologies as a homogeneous group, unsuitable for serving informationally opaque SMEs, and a frequent misleading conclusion is that large institutions are disadvantaged in lending to opaque SMEs.
Fine Trading And Factoring Methods Of Company Funding
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Author : Florian Beyer
language : en
Publisher: GRIN Verlag
Release Date : 2020-04-27
Fine Trading And Factoring Methods Of Company Funding written by Florian Beyer and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-04-27 with Business & Economics categories.
Seminar paper from the year 2017 in the subject Business economics - Investment and Finance, grade: 1,0, The FOM University of Applied Sciences, Hamburg, language: English, abstract: A brief introduction of the Basel requirements is outlined. Following a definition and distinguishment of fine trading, factoring and reverse. Advantages and disadvantages are being explained as well. Finally, the influences on the balance sheet of the involved parties and on working capital are investigated. Ten years ago, from 2007 to 2011 the global financial and the euro crisis have caused a peak in bankruptcies of many companies and even states have experienced financial difficulties. Since 2011, the total number of companies’ bankruptcies declines. In 2016, there were 21,518 insolvencies of companies in Germany. In contrast to this, in 2010, at the peak of the crisis there were 32,687 insolvencies. Overall, most of the companies in Germany are small and medium-sized enterprises (SME). In 2014, they represented 99.3 percent of all companies in Germany. A proper working capital management is essential for all companies. Especially, SME are otherwise threatened to lack of liquidity or risk to become insolvent. Company funding has experienced profound changes lately. Basel I-III have extensively changed the regulatory circumstances for banks and their granting of credits. Banks must comply with changed regulatory capital and liquidity requirements as well as with new debt caps. This has a strong influence on company funding. Therefore, the rating of a firm and the risk of an investment will increase the price of the company funding. The changed importance of working capital management and the new regulatory requirements have altered companies’ financing possibilities and partners. Moreover, the financial crisis has revealed their dependency on certain bankrollers. Thus, other methods of financing suchlike factoring, fine trading, leasing and crowdfunding increased their importance. This paper examines fine trading and factoring regarding their differences, advantages, disadvantages and the methods’ influence on the balance sheet.
The Role Of Factoring In Modern Business Finance
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Author : Clyde William Phelps
language : en
Publisher:
Release Date : 2012-05-01
The Role Of Factoring In Modern Business Finance written by Clyde William Phelps and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-05-01 with categories.