local Factoring

Local Factoring is an affordable financing solution for producers, traders, and service providers who systematically supply goods or services to local buyers (large retailers). However, they do not receive the money immediately after delivery based on tax invoices but need financing to run their business.

There are three parties involved in the transaction:
Supplier (seller) - sells a good or service against a deferred payment;
Debtor ( buyer) - buys goods or services against deferred payment;
Factor (maib) - covers the receivable at a commision.

Local Factoring was created in response to the need of micro and small/medium enterprises in the Republic of Moldova to have access to fast and flexible sources of financing for their day-to-day business, such as paying suppliers, employees, taxes and duties on time or fulfilling new orders.

• It is a quick source of working capital financing and improves cash flow
• It is easy to access
• without collateral, the collateral is the invoices themselves
• it does not affect the company's indebtedness according to the balance sheet

Local Factoring is available to many companies in the Republic of Moldova, including micro, small and medium-sized companies. It can be helpful for any business that sells goods or services on deferred tax invoices from their buyers with whom they already have a history of cooperation and need quick capital to finance their growth or purchase new inventory and equipment.

You can apply for factoring on the bank's website or at any maib branch. Maib will review your customer's payment history, as well as the age and quality of the business relationship. As a result, maib will approve the factoring limit and sign the factoring contract with the company. This can also be signed electronically. The procedure takes up to one day. No material guarantee is required.

Afterwards, upload the invoices to the maib website each time, and within 2 hours, you will receive financing of up to 95% of the total value of the invoice sent.

We also have developed a calculator. So, when you upload the invoice, you can see the commission from the financing amount. It is also worth mentioning that the commission is calculated from the financed amount, not the invoice amount.

• Factoring with right of recourse - a form of Factoring which allows maib to recover uncollected amounts from the Provider/Seller, by exercising the right of recourse if the Buyer, for any reason, has not paid the receivables when due. In this case, maib shall finance ≤ 95% of the value of the assigned invoice.

Yes, you can go through the whole process online.

Tax invoices representing goods delivered / services rendered that do not exceed the payment term in the commercial contract concluded between the Supplier/Seller and the Buyer or whose collection period does not exceed 90 days.

Maib will accept financing tax invoices issued up to the conclusion of the Factoring Agreement, provided that the invoice date does not precede the date of signature of the Factoring Agreement by more than 30 days.

The money will arrive in your account within 2 hours when your invoice has been submitted for funding, and your application has been approved.

Yes, the Buyer (the assigned debtor) is notified of the assignment of tax invoices and the maib payment account for the assigned tax invoices is indicated in the notification.