Frequently Asked Questions
New to factoring? Wondering how it can fuel your business? We’ve got the answers!
What is factoring?
Factoring is a service that provides you with immediate funds in your business account in exchange for issued invoices with deferred payment. Instead of waiting 30, 60, or 90 days, you receive the money instantly, ensuring the stability of your business.
How it works?
You sell a product or service to your customers and issue an invoice with deferred payment. Instead of waiting for the due date, you apply for fast financing with Xpress Factoring, submit the invoice, and once approved, you receive the funds immediately. The only fee is automatically deducted from the approved amount – no hidden costs or additional charges.
What makes factoring a smart financial solution?
Factoring provides immediate funds in your account, eliminating long payment delays. This gives you greater flexibility to cover expenses, pay salaries, and invest in your business. Since it’s not a loan but an advance on an issued invoice, it doesn’t increase your debt. Plus, it’s a flexible solution - you use it only for selected invoices, with no long-term commitments.
Fast. Simple. Digital. Why Xpress Factoring?
Your business can't wait, and we're here to provide a quick solution. That is why our service is distinguished by express financing, minimal administrative burden, and a completely digital process. With our online platform, application and approval are quick and easy, without unnecessary bureaucracy. This saves you valuable time and effort, so you can concentrate on growing your business instead of waiting and paperwork.
Who benefits?
Factoring is ideal for businesses that sell to other companies on deferred payment terms – such as those in trade, distribution, manufacturing, transportation, logistics, and more. If your clients require long payment terms but you need immediate cash flow, factoring is the perfect solution to keep your business running smoothly.
Deferred payment: Flexibility for clients, delays for you.
With deferred payment, an invoice isn’t paid immediately but after an agreed period. For example, if you issue an invoice with a 30-day payment term, your client has 30 days from the issue date to complete the payment. While this offers flexibility to your clients and partners, it also delays cash inflows for your business.
Need funding ASAP? Here’s how to apply for factoring.
Financing one or more invoices is quick and easy - just follow these simple steps:
- Register – Enter your company details and contact information. It takes just a few minutes.
- Verify your identity – Confirm your identity securely with Eurotrust.
- Upload your invoice – Submit the invoice and any supporting documents in doc, pdf, scan, or image format.
- Submit your request – We’ll review and assess it within a few hours.
- Receive your funds – Once approved, the amount is transferred to your designated account.
Fast? No. Express.
Single invoice? No problem. Get funded on demand.
You can finance your business with just a single invoice. With Xpress Factoring, you have full flexibility – no minimum invoice requirement. Get funds exactly when you need them, with no long-term commitments.
What documents do I need to apply?
Освен фактурата, по която искате да получите плащане, е нужен само един документ – приемо-предавателен протокол, ЧМР, товарителница, пакетажен лист или друг, който доказва, че стоките са доставени или услугите – изпълнени. Лесно, нали?
What do you need to apply online?
To apply, all you need is a registered Evrotrust account. If you don’t have one yet, you can easily create it during the application process – fast and fully digital.
What are the application requirements?
To receive payment for an invoice through the Xpress Factoring platform, your company must meet the following criteria:
- Your company must be legally registered in Bulgaria.
- You must sell goods or services to other businesses.
- Your invoices must have a payment term of up to 90 days.
Would your business benefit from factoring?
Invoice financing is a fast and easy solution if your clients require long payment terms or if you handle seasonal orders. Instead of waiting for payments, you receive your funds instantly, giving you the flexibility to manage your finances more efficiently.
Take full advantage of factoring to:
- Access your money when you need it instead of waiting for long payment terms.
- Pay your suppliers on time without straining your budget.
- Take on more orders without worrying about delayed payments.
- Use your own revenue instead of relying on traditional financing.
- Offer flexible terms to your clients without taking on unnecessary risk.
Don't let deferred payments slow your growth! Apply now and get your funds today!
What’s the minimum invoice amount for factoring?
You can finance invoices starting from 1,000 BGN (500 EUR). This allows you to use factoring not only for large transactions but also for smaller payments, ensuring a stable cash flow and greater flexibility in managing your business.
What is the maximum invoice amount for factoring?
You can finance invoices up to 50,000 BGN (25,000 EUR). If you have invoices with higher value, contact us to discuss personalized financing options.
What currencies does factoring support?
Xpress Factoring accepts invoices issued in Bulgarian lev (BGN) and euro (EUR), with financing provided in the same currency.
What is a due date?
The due date is the deadline by which an invoice must be paid. For example, if you issue a 30-day invoice on March 1, its due date is March 31. After this date, the invoice is considered overdue.
Are your invoices eligible for factoring?
We finance invoices that are within the agreed payment term and have at least 20 days until the due date. Only invoices issued by Bulgarian suppliers are accepted. Our goal is to help you manage your business without delays, so you can focus on growth instead of waiting for payments.
Factoring vs. Traditional Financing: What's the Difference?
Debt-free solution – Factoring isn’t a loan, so it doesn’t add to your liabilities; it simply speeds up your cash flow. Faster and simpler – Unlike traditional financing, factoring offers quick approval with minimal paperwork and no collateral. Full flexibility – Choose which invoices to finance, with no long-term obligations.
How much does Xpress Factoring cost?
Our pricing is transparent, with no hidden fees or extra costs. Factoring comes with a single, upfront fee, deducted directly from the approved amount. You'll know the exact percentage before proceeding - no surprises, just fast and straightforward financing.
What if my client delays payment?
If your client misses the payment deadline, you have the following options:
- Financing a new invoice – You can finance a new invoice to cover the previous one.
- 14-day settlement period – We provide a 14-day settlement period after the invoice due date. If payment is still not received, you are responsible for returning the financing amount. During this time, we actively work with you to recover the funds from your client.
- Proactive collection support – Within the 14-day grace period, we assist in notifying the payer and initiating collection efforts. The process begins with reminders even before the due date.
Important: If your client has a history of late payments, please inform us in advance. This allows us to find the best solution together.
How does Xpress Factoring handle my personal data?
Yes, we guarantee full confidentiality. Your data is used solely for providing our services and sending relevant information. For more details, please refer to the Legal Documents and GDPR sections.
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