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Personal Loan debt collection
logo.jpg - 6.72 Kb Personal Loan debt collection
The Company's factoring business
 In business, the credit term is necessary to buyer. However, it enabled business to face with a lack of working capital or liquidity. The credit from financial institutes also need collateral, so Siam General Factoring Co.,ltd. of SGF was established to be the first company to service factoring, and be the source of fund for the small and medium sized businesses.

 

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Factoring service of SGF

 Factoring service of SGF   

     At present, SGF offers its clients "Invoice Discounting",a type of factoring service which comes in three forms:
1. Recourse without notices
- SGF purchases invoices from the client without handing notices to client's customers and retains the right to claim payment from the client in the even that the customers refuse to pay the debts.
2. Recourse with notices
- SGF purchases invoices from the client and hands notices to client's customers and still retains the right to claim payment from the client in the event that the customers refuse to pay the debts.
3. Without recourse with notice
- SGF purchases invoices from the client and hands notices to client's customers. The client is not responsible for the payment if the customers refuse to pay the debts.

How factoring works
     When the client applies for credit approval, SGF analyzes and assesses all documents concerned with trade between the client and its customers, then sets up a credit limit agreement. After the goods are delivered and invoices have been made, the client sends a notice and a copy of invoices to SGF for assessment of the total invoice value. SGF then pays the client for the invoices. When collection is due, SGF will collect payment. If payment is late by more than 15 days, the client has to repurchase the invoices.

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