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German factoring firms for freelancers
Autor vlákna: Robin Joensuu
Robin Joensuu
Robin Joensuu  Identity Verified
Švédsko
Local time: 22:34
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angličtina -> švédština
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Nov 17, 2015

I will relocate to Germany in January and I am trying to wrap my head around the business aspects of moving.

When I do work in Sweden I sell my invoices to a factoring firm for 95% of the invoiced amount. In return they take the risk of non-payment from the client and pay me the money almost right away. Some factoring firms even pay on the same day as they receive the invoice.

So my questions are: Are there similar firms in Germany? How does it work? How much do they c... See more
I will relocate to Germany in January and I am trying to wrap my head around the business aspects of moving.

When I do work in Sweden I sell my invoices to a factoring firm for 95% of the invoiced amount. In return they take the risk of non-payment from the client and pay me the money almost right away. Some factoring firms even pay on the same day as they receive the invoice.

So my questions are: Are there similar firms in Germany? How does it work? How much do they charge? Which have the best terms?

I have tried finding info myself, but it is a bit tricky with my so far quite limited German. Any tips are welcome.

[Redigerad 2015-11-17 12:08 GMT] ▲ Collapse
 
Andrea Halbritter
Andrea Halbritter  Identity Verified
Francie
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In my opinion not Nov 17, 2015

Never heard of that. I do not think that this sort of companies exist in Germany (nor France). The risk is always yours.
 
Robin Joensuu
Robin Joensuu  Identity Verified
Švédsko
Local time: 22:34
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AUTOR TÉMATU
There are plenty, apparently Nov 17, 2015

Hi Andrea,

Thank you for the reply.

Actually, they are quite common. I finally found some info (I am impatient). The first one I found is actually a Swedish company, which is quite funny. And after doing a bit of math, it seems like they are cheaper than the one I use at the moment - i.e. only 3-4% of the invoiced amount (before taxes) and they pay after 1-2 days after approved invoice, if I got it right. Not bad at all... See more
Hi Andrea,

Thank you for the reply.

Actually, they are quite common. I finally found some info (I am impatient). The first one I found is actually a Swedish company, which is quite funny. And after doing a bit of math, it seems like they are cheaper than the one I use at the moment - i.e. only 3-4% of the invoiced amount (before taxes) and they pay after 1-2 days after approved invoice, if I got it right. Not bad at all.

http://www.svea.com/de/deu/
https://www.google.se/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=factoring%20firmen%20deutschland ▲ Collapse
 
Sarah Lewis-Morgan
Sarah Lewis-Morgan  Identity Verified
Německo
Local time: 22:34
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němčina -> angličtina
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Try the Bundesband Factoring für den Mittelstand Nov 17, 2015

This is a list of their members:

http://www.bundesverband-factoring.de/mitglieder/
 
Robin Joensuu
Robin Joensuu  Identity Verified
Švédsko
Local time: 22:34
Člen
angličtina -> švédština
+ ...
AUTOR TÉMATU
Thanks Sarah! Nov 17, 2015

Much appreciated.
 
Sarah Lewis-Morgan
Sarah Lewis-Morgan  Identity Verified
Německo
Local time: 22:34
Člen (2014)
němčina -> angličtina
+ ...
If they don't deal with freelancers, try: Nov 17, 2015

http://www.elbe-factoring.de/factoring-loesungen/factoring-fuer-freiberufler-selbststaendige


There are more. Just try "Factoring für Freiberufler" or "Factoring für Selbstständige".

Edited due to duplication.

[Edited at 2015-11-17 12:42 GMT]

[Edited at 2015-11-17 12:43 GMT]
 
Robin Joensuu
Robin Joensuu  Identity Verified
Švédsko
Local time: 22:34
Člen
angličtina -> švédština
+ ...
AUTOR TÉMATU
Just what I was looking for Nov 17, 2015

Thanks again!
 
Andrea Halbritter
Andrea Halbritter  Identity Verified
Francie
Local time: 22:34
francouzština -> němčina
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Question Nov 17, 2015

Do they really take the risk as well?
 
Robin Joensuu
Robin Joensuu  Identity Verified
Švédsko
Local time: 22:34
Člen
angličtina -> švédština
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AUTOR TÉMATU
Most of them Nov 17, 2015

Not all of them, but this one seems to do so, unless there are limitations in fine print somewhere that I have missed.

http://www.elbe-factoring.de/factoring-loesungen/factoring-fuer-freiberufler-selbststaendige

I know that there are some factoring firms who only do this for an additional charge and a longer turnaround ... See more
Not all of them, but this one seems to do so, unless there are limitations in fine print somewhere that I have missed.

http://www.elbe-factoring.de/factoring-loesungen/factoring-fuer-freiberufler-selbststaendige

I know that there are some factoring firms who only do this for an additional charge and a longer turnaround time per invoice where they do a client check. ▲ Collapse
 


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