Actor of the recovery plan Societe generale factoring participates in the strengthening of the financing of trade receivables

04/09/2020

Until December 31, 2020, Societe Generale Factoring offers its customers factoring financing as soon as orders are taken, without waiting for delivery and the issuance of the corresponding invoices.

Societe Generale Factoring supports its customers of all sizes in resuming their activity, with the new measure guaranteed by the French state: the financing of orders*, upstream of invoicing. Benefits :

  • A cash advance upon receipt and validation of orders by Societe Generale Factoring
  • No impact on the usual payment terms granted to debtors

Customers can thus benefit from an average saving of 45 days of cash flow compared to traditional factoring, which helps them optimize their working capital requirement.

This new offer, valid until December 31, 2020, is an option of factoring contracts, and is subject to conditions. More information with Societe Generale Factoring.

*According to contractual conditions and subject to the publication of the applicable regulatory texts.