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Increase your sales abroad with International Factoring
International Export Factoring offered by Monex is a financing solution for exporting companies that allows them to obtain anticipated liquidity on their accounts receivable from abroad.
It operates through the advance payment of export invoices, backed by a line of credit and risk coverage, both provided by our international correspondent partner. Thus, the exporting company obtains resources quickly and has the certainty that it will recover its accounts receivable.
It is ideal for SMEs and medium to large size companies with recurring export operations, that require working capital and professional management of their international collections. Monex offers this solution as the only private bank in Mexico associated with Factors Chain International (FCI).
Learn about the benefits of International Factoring for your business
- Provides liquidity to increase your sales abroad.
- Financing without affecting your company's financial situation.
- Risk hedging on accounts receivable abroad.
- Highly competitive financial cost.
- Efficient collection management and certainty that you´ll recover your accounts receivable.
- Flexibility in financing structure to adapt to your financial needs.
- Access to Factors Chain International’s network of banks and factoring companies, the largest in the world with over 50 years of experience and presence in more than 90 countries
Features to increase your foreign business operations
- Financing through advance payment of invoices.
- Coverage to guarantee 100% of the invoices.
- Collection services provided by the Correspondent.
- Non-recourse financial Factoring contract.
- Financing structure flexibility.
We are the only private commercial bank in Mexico that offers this product.
Application Requirements
- The company must be legally constituted in Mexico and have a minimum of 2 years of exporting experience.
- You must be a client of Banco Monex and meet eligibility criteria.
- You must carry out direct and final exports and have no association with the foreign Buyer.
- You must have approval from the Buyer on behalf of the Correspondent and cooperation for the notification and payment to a third party.
- You must not be subject to dissolution, commercial bankruptcy, payment suspension, strike, or insolvency proceedings, nor have prevention codes in the Credit Bureau.
- You must be able to provide financial, legal, and commercial information.
- You must sign the required legal documents.
Accelerate your export growth with the support of International Factoring
Increase your presence in the global market today with Banco Monex