Regular export factoring up to USD 2 m
Financing of receivables under export contracts for medium and corporate business entities.
Factoring terms
Limits by business segment and key parameters.
- Medium business
- up to USD 500,000
- Corporate business
- up to USD 2 m
- Who it is for
- Medium and corporate business
- Purpose
- Purchase of receivables for exported goods and products
- Term
- Up to 120 days
- Currency
- Sum and foreign currency
- Form
- With right of recourse
- Payment order
- At the end of the factoring term
- Collateral
- At least 100% of the factoring value: up to USD 1 m — non-property, above — property
- Payout
- Non-cash settlement — transfer to a bank account
Requirements and documents
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Client requirements — 8
Medium or corporate business entity · at least 12 months of operation · the composition of founders has not changed entirely over the last 6 months · last reporting period without a loss · own working capital not negative · supplier and payer are not related · no overdue loan debt · positive credit
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Required documents — 6
Factoring application · founders' decision of consent (except private enterprises) · copies of export supply contracts · customs declaration (EK-10) · balance sheet (form No. 1) · statement of financial results (form No. 2)
The bank may request additional documents depending on the transaction and the type of collateral.
How factoring works
The bank acts as a bridge: it pays you in advance and collects the payment itself later.
Assignment of the right of claim
Export contract — payment now
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Step 1. Supplier — exporter
Ships the goods and assigns the right of claim under the contract to the bank.
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Step 2. Factor — BRB bank
Transfers the funds to the account, less the discount.
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Step 3. Debtor — foreign buyer
Pays the bank for the delivery within the contractual deadline.
How to obtain factoring
Visit one of the offices of JSCB «Business Development Bank» — a specialist will select a suitable programme.
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Visit a BRB office
A specialist will select a programme for your contract and deferral period.
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Fill in the application
Prepare the documents and sign the factoring agreement.
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Receive the financing
Sign the documents — the funds will arrive in your account.
Frequently asked questions
What is the factoring term?
What collateral is required?
Is there a right of recourse?
How long must the business have operated?
Leave a request
A bank specialist will contact you and clarify the contract details, delivery volume and deferral period.