Financial Factoring to Suppliers
Grupo BafarBusiness UnitsFinancial DivisionVextorFinancial productsFinancial Factoring to Suppliers

Financial Factoring to Suppliers

Exclusive product to suppliers of Grupo Bafar, S.A.B. de C.V. affiliates or subsidiaries.

It is a type of short-term financing that allows for the early availability of a company’s accounts receivable.

Factoring is a financing alternative to obtain working capital, through which companies can obtain liquidity based on their accounts receivable at a specific term.

Factoring is a financial tool increasingly used to provide liquidity to companies that sell on credit, eliminating collection efforts by converting their short-term sales into cash sales.

Advantages and benefits for suppliers

BENEFITS

  • Converts credit sales to cash.
  • Immediate liquidity through electronic and online operations.
  • Improve your production cycle.
  • simplifies your collection process
  • Access to short-term financing.
  • Greater certainty in the payment date.

ADVANTAGES

  • Minimum membership requirements.
  • No commissions
  • To know the amount of the discount prior to making the Assignment of Rights.
  • No credit buco consultation.
  • To know the financial cost prior to carrying out the operation.
  • No need to open a new bank account.

CHARACTERISTICS

  • No Aforo: the supplier deducts 100% of its invoices.
  • Without recourse: the customer is not liable for the payment of the receivables transferred to Vextor Activo.
  • No origination fee.
  • No guarantees.
  • Term of the provision: up to 180 days.

Documents required:

In the case of Legal Entities:

  • Copy of the Articles of Incorporation and its amendments registered in the RPC.
  • Deed or document containing the power of attorney of the legal representative.
  • Tax Identification Card.
  • Proof of address (not older than 3 months).
  • Valid official identification of the legal representative.

In the case of Individuals:

  • Tax Identification Card.
  • CURP.
  • Proof of address (not older than 3 months).
  • Valid official identification.

For further information, please call (614) 439.0100 ext. 7371.

Pursuant to Articles 87-B and 87-J of the General Law of Credit Organizations and Auxiliary Activities, Vector Activo, S.A. de C.V. SOFOM E.N.R. does not require authorization from the Ministry of Finance and Public Credit for its incorporation and operation, and is subject to the supervision of the National Banking and Securities Commission only for purposes of Article 56 of the aforementioned Law.