New product: Global assignment as security for Personal Payday loans
Good Finance is once again expanding its product family to offer attractive alternatives to traditional loans.
From now on, outstanding debtors from the business-to-business business can now be deposited as collateral by means of tacit global assignment.
Borrower assigns all the claims that he has to certain customers
What does global cession mean?
The global assignment is a form of assignment, which means that the borrower assigns all the claims that he has to certain customers.
All current and future receivables due to global assignment during the term of the loan
How does the loan application with global assignment work as collateral?
As a claimant, you assign to us all current and future receivables due to global assignment during the term of the loan. This serves as security for your credit. You will also receive an updated customer list every month. The assignment is tacit, meaning your customers will not know.
High level of receivables from the business-to-business
The accounts receivable are monitored monthly by the Good Finance and offer investors additional security to our proven rating system. In the event that the installment payments are no longer paid, we will promptly inform the debtors and arrange the payments through the settlement account of Good Finance.
In addition to the mortgage-backed loans, this type of security is particularly suitable for short-term Personal Payday financings of growth companies as well as companies with a regular high level of receivables from the business-to-business business. This means that growth-related liquidity bottlenecks can be bridged at attractive interest rates and that the expansion plans can be continued without delay.
Once again, through innovation, we can offer our customers another way to make smart loans. Personal Paydays benefit from fair interest rates and investors from new security with attractive returns.
Your Good Finance team