Garanti BBVA Factoring

Are your domestic market sales payable on a deferred payment basis?

With our financing service, you can turn your invoiced trade receivables into cash without waiting for the payment due date.

You completed the sale procedure, issued the invoice, and got a check from your customer. We, as Garanti BBVA Factoring, purchase and take over the checks and the invoiced receivables arising from your sales and offer you a swift and easy financing option in a minutes in order to help you fulfill your need for funds.

Are you in the export business?

You want to increase your export volume in foreign markets and acquire new customers. However, importers want to work with you under open account terms and purchase goods on credit. Right at this point where you start questioning your customers' reliability, we stand by your side by guaranteeing the collection of your receivables.

With our export factoring service, the relevant invoice amounts are insured 100% against the risk of non-payment of your receivables and the financial risk of your buyers within the established limits.

• With factoring, you can turn your receivables into cash before their due date and increase your working capital.
• You can provide uninterrupted cash flow into your company and thus respond to the demands of your buyers in a timely manner.
• You can boost your competitiveness in the market by offering extended maturity to your buyers.
• If you are exporting against goods, you will have information about the real status of your buyers, thanks to the extensive network of correspondents. What's more, the collection of your receivables shall be ensured if your buyer becomes insolvent or goes bankrupt.
• You can remove your company's trade receivables from your balance sheet by assigning them to Garanti BBVA Factoring. Thus, the liquidity of your balance sheet increases, thereby changing your ratios in a positive direction.
• Garanti BBVA Factoring takes care of the collection of your receivables, you focus on your business.

You can apply for factoring in just a few steps via Garanti BBVA Mobile and Internet Banking and manage the entire process digitally.

Garanti BBVA Mobile:

• Account / Card > Market Place > Factoring Checks or Transactions > Applications > Send Factoring Checks

Garanti BBVA Internet Banking:

• Application > Market Place > Send Factoring Cheques

Digital Application Steps

• Scan a new check from the " Factoring Checks or Transactions " or "Send Factoring Checks" step, or list the checks you have submitted to our bank for collection that are suitable for factoring.
• Scan the QR code of your check from your mobile device using the "Send Factoring Checks" step.
• Enter the check information, maturity date, and amount.
• Upload front and back photos of the check..
• View the financing offer and your discount rate* for your check and continue.
• After selecting the check, continue to upload your invoice(s).
• Confirm the information and provide the necessary permissions.
• Your factoring financing application is complete. You can now deliver your check to our branch by scheduling an appointment using the priority number.
• If your application has been rejected or is being reviewed, you can track your application status from the " Factoring Checks or Transactions " step.

* Discount rates are determined by Garanti BBVA Factoring and are subject to change periodically.

Important Notes

• New check scanning can only be performed via Garanti BBVA Mobile. All other steps are available on both Mobile and Internet Banking.
• You may submit up to 10 checks per application.
• After accepting the financing offer, you must upload the relevant invoice(s) in XML format.

Authorization Requirements

• Authorization is not required for our sole trader customers.
• For our legal entity customers, "Factoring Transaction" authorization must be defined. For detailed information and authorization, please contact your branch.