Finance factoring working capital collection liquidity (money) Bank of Costa Rica Cámara Costarricense de Empresas de Factoreo Financing SMEs Ley de Factura Cambiaria SMEs billing Banco Cathay de Costa Rica Banco Lafise Costa Rica Banking Economics

Factoring for Agricultural Exporters in Nicaragua

The U.S. company Factor Brokers is offering to pay 80% of the bill when the goods are delivered, and the remaining 20% when the buyer completes payment.

Wednesday, June 15, 2011

Charles Harding, a representative of the Office of Business Development for Latin America and the United States said that this novel service is international factoring.

"Currently we have a very large portfolio in the area of perishable goods and one of the services that we offer is credit insurance, payment and risk" said the executive to Elnuevodiario.com.ni.

Source: elnuevodiario.com.ni

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Goods

factoring

Key entities

Factor Brokers Carlos Harding

Countries

Nicaragua United States of América

Insight

working capital liquidity (money) collection factoring agroexport agro export Finance Agriculture

Factoring in Panama

July 2013

With steady growth and reaching up to $1 billion a year, this financing mechanism is controlled by 24 companies, mostly banks.

Every year, the activity records growth of between 10% and 20%. "Using a factoring contract, a trader or manufacturer can assign an invoice or other credit document to a factoring company in exchange for a full or partial financial advance" explains an article in Panamaamerica.com.pa.

Factoring in Costa Rica Growing and Growing

July 2012

Getting cash by discounting accounts receivable is a form of credit which has increased by 160% in the past two years.

In April 2011 the 18 companies grouped under the Costa Rican Chamber of Factoring Companies managed a portfolio of $177 million, which is double the amount recorded in 2009. In June 2012, the business of factoring in Costa Rica amounted to about $220 million.

Nicaragua: $2 Million SME Factoring Project

August 2010

Through an agreement with the IDB's Multilateral Investment Fund (Fomin), the company Credifactor will offer factoring (selling invoices at a discount) services to small and medium sized enterprises.

The total cost of the project is approximately two million dollars, which will enable Credifactor to develop its capabilities, carry out training and expand its services across Nicaragua.

Factoring in Panama

January 2010

The factoring industry in Panama (selling invoices at a discount) has grown to $100 million a year.

When the time lapse between credit sale and collection is longer than what the creditor can usually afford, factoring becomes a good option to have cash at hand to sustain day-to-day operations.