Promissory note discounting

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.

It is a promissory note that will be paid into a bank account. It can be cashed over the counter provided the beneficiary holds an account at the issuing institution. A crossed promissory note is identified by two parallel lines drawn across the front of the document. There are two types of crossed promissory notes:

• General crossed: No specific bank is stated between the lines, so it can be cashed at any bank.
• Special crossed: Payment is conditional upon a specific institution. The name of the bank appears between the lines.

To guarantee a promissory note correctly, we must write "by guarantee of" (por aval de) on the back, confirming that the payment is guaranteed by one or more individuals. In addition, we must state our full name, residential address, and the date the guarantee is provided. Finally, it must be signed to be validly guaranteed.

Promissory notes "to order" can be endorsed as many times as required. To cancel an endorsement correctly, you simply cross it out and add "the present endorsement is cancelled for the purposes of Art. 19 of the LCCH". The endorser must then sign the new endorsement again.

Endorsing a promissory note means transferring the promise of payment (made to us) to a third party. A promissory note can be endorsed as long as it contains the phrase "to order". To do so, write "Pay to the order of" followed by the name of the person or company to whom you wish to transfer the document on the back, followed by your company name, Tax Identification Number (or company stamp), and your signature.

Workcapital is a leader in alternative finance services. Our team of excellent professionals will guide you at all times, from assessment to credit approval. You can convert your credit sales into instant cash without affecting your CIRBE record. Call us with no obligation and we will assess your proposal in just 2 hours!

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.