Factoring On Time TAE 8.700%

Serve your Customers as always we handle the collection

Always get paid on time

Calculate Factoring

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Factoring On Time TAE 8.700%

Serve your Customers as always we handle the collection

Always get paid on time

Calculate Factoring

Factoring on Time

Benefits Options How it works How much is it How to get it Related topics

Calculate Factoring on Time

Factoring on Time Calculate

Quick cash access

We convert credit sales into cash sales.

Discipline in collections

We manage the company's assigned credit portfolio, monitor debtors, and act on your behalf, optimizing the collection process.

Online management of the Factoring contract

Use the "Banking Operations" option for real-time access to manage your factoring contract and submit files.

Specialized debt collection service

Our professional collections team is available to support your company, enabling you to focus more on your core business activities.

Reduced credit risk in sales through increased security of receivables

Millennium's collections team analyzes the company's debtor portfolio, assesses collection experience, and detects potential warning signs, providing valuable insights on determining "how much and to whom to sell”.

Quick cash access

We convert credit sales into cash sales.

Discipline in collections

We manage the company's assigned credit portfolio, monitor debtors, and act on your behalf, optimizing the collection process.

Online management of the Factoring contract

Use the "Banking Operations" option for real-time access to manage your factoring contract and submit files.

Specialized debt collection service

Our professional collections team is available to support your company, enabling you to focus more on your core business activities.

Reduced credit risk in sales through increased security of receivables

Millennium's collections team analyzes the company's debtor portfolio, assesses collection experience, and detects potential warning signs, providing valuable insights on determining "how much and to whom to sell”.

Quick cash access

We convert credit sales into cash sales.

Discipline in collections

We manage the company's assigned credit portfolio, monitor debtors, and act on your behalf, optimizing the collection process.

Online management of the Factoring contract

Use the "Banking Operations" option for real-time access to manage your factoring contract and submit files.

Specialized debt collection service

Our professional collections team is available to support your company, enabling you to focus more on your core business activities.

Reduced credit risk in sales through increased security of receivables

Millennium's collections team analyzes the company's debtor portfolio, assesses collection experience, and detects potential warning signs, providing valuable insights on determining "how much and to whom to sell”.

Types of Factoring

Customized solutions for you

Single

Single contract involving one or more invoices

Single assignments: management, collection, insurance, and fund advances

Easy Factoring: based on credits from up to 5 debtors

Factoring Maturity: sale of receivables, with Millennium becoming the new holder

Complete

With delivery of invoices related to contracted debtors

Complete Factoring with recourse: checking account, with fund advances

Complete Factoring without recourse: assignment of all invoices related to debtors

CTO Limit One-time credit assignments: ongoing assignments contributing to an advance limit

Conventional Payment System (CPS): invoicing based on Regional Health Administrations (ARS)

Direct Factoring and DF State: advance of funds with an advance limit

Export

Collection from international debtors

Export Factoring with FCI: risk coverage and collection by corresponding factors

Export Factoring with Credit Insurance: protection against default risk with credit insurance

How does it work?

Everything you need to know

Send us your invoices

And register the amount to receive online.

Notify your Customers

That they should make the payment to Millennium.

Request advance payment

You can request an advance of up to 90% of the receivable amount through the website’s corporate section.

Receive the remaining amount

Once we have received payment for the assigned invoices from your Customers, we will pay the remaining amount.

Effective Annual Rate (TAE)
                            8.700%
                            8.700%
                        

TAE calculated based on a TAN (Nominal Annual Rate) of 4.435% - Euribor at 180 days (simple arithmetic average of daily quotations from the previous month for the interest calculation period, which for this example was March 2025, corresponding to 2.385%, plus a spread of 2.050%), for an Easy Factoring contract of EUR 100,000, with 3 Debtors, contracted for a term of 180 days with an advance percentage of 80%, including Contract Opening Commission, Credit Assignment Commission and Debtor Analysis Service.
The TAE (Annual Percentage Rate) was calculated in accordance with Decree-Law No. 220/94 of August 23rd.

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