Factoring is not a loan. In the case of factoring, you sell your invoices at a discount to a factoring company in exchange for immediate cash. The factoring company has ownership of the invoices and gets paid directly from your customer upon due date of the invoice.
Is factoring the same as getting a loan?
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Head Office
Izola Bank p.l.c
4, Castille Place
Valletta VLT 1062
Malta
+356 2792 2040
+33 3 59 55 36 45
+32 71 96 25 25
Head Office
Izola Bank p.l.c
4, Castille Place
Valletta VLT 1062
Malta
+356 2792 2040
+33 3 59 55 36 45
+32 71 96 25 25
Company Reg: C 16343
VAT No: MT 13175712
Swift BIC: IZOLMTMT
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Izola Bank p.l.c. is licensed to undertake the business of banking in terms of the Banking Act (Cap 371 of the Laws of Malta) and is regulated by the MFSA (Malta Financial Services Authority).