Invoice advance for private companies and public bodies

Our promissory note discounting and invoice advance services are aimed at all types of companies, sole traders, joint ownerships, cooperative societies, etc. So, please do not hesitate to contact us if you have a promissory note to discount or an invoice to advance.

It's very easy! The first option is to fill out the form on our website under the "About Us" tab. The second is to contact our specialist agents directly by calling 960 50 20 24.

It is extremely simple! We only need a copy of the promissory note and the invoice. We review the transaction without obligation, and you will have your answer within a maximum of 2 hours. Upon approval, we will request the necessary details to prepare the contract. As soon as we receive the signed contract and the endorsed promissory note, your transfer will be issued.

Of course! At Workcapital, we are experts in reviewing transactions in record time. We know that a lack of liquidity is a major issue in managing your company's cash flow; therefore, our priority is to communicate the result of our analysis within 2 hours so that you can find a solution as quickly as possible.

We focus on analyzing the debtor's creditworthiness, the term until maturity, and the face value of the transaction. Based on these factors, we set a price for the transaction.

As we have already mentioned, our greatest advantage is speed. Approved transactions are usually paid out on the same day—without waiting several days and worsening your cash flow situation.

The advance terms will be calculated on the net amount of the invoice, after taking into account any credit notes and taxes applicable to the tax base.

Payment is made immediately once the contract is signed and the formalisation procedures are complete.

Invoice advances for public bodies and companies reduce average collection times and provide immediate liquidity. Invoice advances are a quick, simple form of financing that does not affect your CIRBE record.

The following types of invoices can be distinguished:

• Standard invoice
• Simplified invoice or receipt
• Proforma invoice
• Rectifying (corrective) invoice
• Summary invoice
• Electronic invoice

Workcapital facilitates the financing of outstanding invoices issued to both private companies and public bodies.

Yes, Workcapital allows you to enter into an assignment agreement for multiple invoices linked to a specific contract or issued after a set date. In this way, you can improve your client portfolio's average collection period and leave the collection management to us.

It's very easy! The first option is to fill out the form on our website under the "About Us" tab. The second is to contact our specialist agents directly by calling 960 50 20 24.

In invoice advances for public bodies and companies, maturity is not backed by a promise of payment (promissory note), which often leads to delays beyond agreed payment terms. The retention is simply a percentage applied to the total invoice amount to cover these potential timing discrepancies.

Public factoring consists of advancing credit for a sale made or service rendered to a public administration. We can assess the proposal with just the invoice or the award of the public contract. Contact us!

An acknowledgement of assignment is a document by which a company assigns the collection rights of an invoice to a financial institution. This document is usually required in invoice advance services. In these cases, the financial institution sends the document along with the relevant invoice to the debtor entity. For this document to be accepted, the paying entity must recognise the financial institution as the legitimate beneficiary of the collection rights. Once accepted by all parties, the credit advance can be released.

Advancing an invoice is a simple process—you only need to send us the invoice to be advanced, and we will handle all the arrangements! However, before starting any process, it is highly recommended to agree on the operating procedures with the payer of the invoice.

No, it is only necessary for the payer of the invoice to recognise us as the legitimate beneficiaries of the credit. From that point on, we will draw up the factoring contract, and as soon as everything is verified, you will receive the money in your account. It really is that easy!

Of course, we only assess the entity issuing the payment obligation. Therefore, having debts is no obstacle to working with us. Call us!

To contract invoice advance services, you must be up to date with public administrations. However, together with the transaction, we can manage the settlement of the debt at no extra cost.

Just like with promissory note discounting, costs will depend on the paying entity, the maturity period, and the operational procedures to follow. We always recommend sending us a sample invoice so we can guide you through the entire contracting process.

At Workcapital, we understand the need to access liquidity as soon as possible. Therefore, following contract signing and completion of the necessary checks, we transfer the funds immediately.