| Q. |
How much money will I get? |
| A. |
DBP Factoring will advance up to 95% (normally 80%) of the face value of the accepted invoice. |
| Q. |
How much will I pay? |
| A. |
Upon collection of the accounts receivables, DBP Factoring will release the 20% balance if 80%, after deducting the factoring fees pre-agreed upon signing of contract. Quotes are available upon request. |
| Q. |
How long will it take to get funding? |
| A. |
Initial funding can be effected 5 to 10 days after approval and setting up of facility, thereafter, funding can be effected within 24 hours. |
| Q. |
Can “old” past due accounts be factored? |
| A. |
No. DBP Factoring will only purchase invoices which are “current” or up to 90 days only. |
| Q. |
How do I get started? |
| A. |
Please call DBP at telephone numbers 818-9511, 818-9611, 840-2450, or complete and submit the Initial Application Form which you can fill up online. We shall contact you promptly and facilitate the processing of your application to avail of the DBP Instant Working Capital Facility. |