Factoring is an innovative financial service offered by DBP that provides immediate working capital financing based on sales. The DBP Instant Working Capital (IWC) is a recourse type of factoring that addresses the working capital needs of SMEs that have creditworthy customers but are saddled with limited financial resources and have very limited access or no access at all to other regular bank facilities.

The DBP Instant Working Capital gives businesses immediate cash to manage their operations more efficiently as cash flow problems often occur when completed, delivered and duly accepted goods and services remain unpaid for 30, 60, or even 90 days after invoice issuance.

The DBP Instant Working Capital provides the following basic benefits:

• PREPAYMENTS/ADVANCES of up to 95% will be made against the receivables DBP Factoring has purchased.
  
• SALES LEDGER ADMINISTRATION will be provided by DBP Factoring for the client – post invoices to the computer, deposit checks, enter payments, adjust and reconcile ledgers and produce regular reports both for Clients and Customers.
  
• CREDIT AND COLLECTION SERVICE - DBP Factoring will serve as Client’s credit and collection department. We provide a courteous collection service that does not employ heavy handed techniques to collect receivables. We also evaluate the creditworthiness of future customers and give relevant information to avoid bad debt losses.