Unicaja Factoring*, the financial solution for your liquidity needs
Bring forward the collection of your customers' invoices without having to wait for their due dates.
Sell a product and issue your invoice
Make a sale to your customer and issue an invoice with a deferred payment due date (30, 60 or 90 days).
Request the invoice's payment in advance
Assign the invoice to Unicaja and request payment of its amount in advance. The percentage paid in advance usually amounts to 80% - 100% of the invoice, depending on the transaction's authorisation.
Get liquidity in advance
Unicaja pays you the amount of the invoice in advance after deducting the interest and associated expenses, allowing you to get liquidity instantly.
Your customer pays when the invoice is due
Your customer pays the invoice on the agreed date. Since it involves recourse factoring, your company is liable for the amount paid to it in advance in the event of non-payment.
Instant liquidity and cash flow optimisation
Accelerates invoice collection ahead of due dates, instantly converting credit sales into immediate cash. This reduces effective collection timescales, stabilises cash flows and ensures more efficient collection management.
Flexibility tailored to your activity
A solution tailored to your business's invoicing and seasonality, allowing you bring forward the invoices you need at any given time.
Enhanced financing capacity
Secures liquidity without exhausting other traditional credit lines, diversifying your credit sources and preserving capital to cover other needs.
Optimised collection management
Outsources administrative invoice management to cut operational overheads, freeing up time to focus entirely on core business growth.
Advanced financial planning and management
Accelerates invoice collection to improve cash flow forecasting and optimise working capital metrics, such as the average collection period or the operational funding needs.
What is factoring?
Recourse factoring
Allows companies to accelerate invoice collection while the company retains liability for potential non-payment of the assigned receivables.
Since the risk of default remains with the assignor company, this kind of factoring allows for more favourable financial terms to be offered, while the company retains control over its customers' commercial risk.
Non-recourse factoring
The financial institution assumes the risk of insolvency of the assigned receivables' debtors, always within the limits and under the terms and conditions set forth in the contract. In addition to providing liquidity by accelerating invoice collection, this kind of factoring offers protection against commercial risks and enhances collection management security.
Who is Unicaja Factoring for?
Companies with extended payment terms
High-growth companies
B2B sectors with recurring invoicing
How can I sign up for Unicaja Factoring?
Get in touch with your branch and/or specialised manager to start the application process
Your manager or branch will inform you what documents are required depending on your company and the transaction, which generally include financial information, customer details and invoicing information.
Analysis of the transaction
Unicaja studies the characteristics of the company making the request, its activity and the risk associated with the transaction requested.
Contract signing
Once the risk limit is authorised, the contract is finalised and the factoring service is enabled.
Ongoing service management
Once the company begins assigning invoices and requesting advances, the process runs seamlessly on a recurring basis, ensuring streamlined collection management and flexible access to liquidity.
Differences between factoring and confirming
Functional differences
Factoring
Accelerates customer invoice collection to inject instant liquidity into your business.
Confirming
Streamlines supplier invoice payments while offering them the option to advance their collection.
Differences in scope
Factoring
Focuses on your collections (sales).
Confirming
Focuses on your payments (purchases).
Both recurring and one-off invoices issued to other companies can be brought forward, provided they correspond to real transactions and meet the established validation criteria.
The usual percentage of the payment in advance is usually between 80% and 100% of the invoice's amount, depending on the transaction's characteristics.
The payment in advance is paid once the invoices have been assigned and after they are validated in accordance with the terms and conditions agreed upon.
In recourse transactions, if the debtor fails to pay, the company must repay the advanced amount.
Among other factors, the price depends on:
Companies of any size that work with deferred payment sales to other companies.
Yes, they can. It is an especially useful solution for SMEs, since it improves their cash flow without the need for traditional financing.
In general terms:
It is common in sectors with recurring invoicing to companies, such as industry, services, distribution, construction or technology, to mention but a few.
There is no single criterion, though aspects such as track record, invoicing history and the activity's stability are assessed.
Primarily:
An independent analysis is not conducted in all cases, though their characteristics are taken into account within an overall assessment of the transaction.
The following are usually requested:
The institution may additionally request other documents depending on each transaction.
The approval period may vary depending on the characteristics of the company, the volume and type of invoicing, as well as the analysis needed for the transaction.
Once the required information is collected, the institution conducts the study and notifies its outcome as soon as possible.
Yes, it is. Factoring transactions are declared to the CIRBE under a specific code associated with this kind of financing.
No, it cannot. It must be subscribed through a branch or a specialised manager.
(*) Granting subject to the institution's criteria.
Unicaja Factoring
Can we help you?
You can also contact the Bank by calling at 952 60 67 67 or through the contact form.
The telephone service hours are Monday to Saturday from 8:00 a.m. to 10:00 p.m. (except national holidays).
