Known like factoring, the factoraje is a mechanism of short term financing by means of which a company or physical person with enterprise activity sells its accounts to receive effective to a factoraje company. This company, in exchange for a commission and presentation of certain documents, facilitates cash in a period of time that can vary between 48 and 72 hours. In Nicaragua one discounts until the 80 percent of the value of the invoice. Soon the totality once acquired indeed the invoice is pleased to the buyer. The minimum of line of credit that is granted walks around thousand and two thousand dollars, amount that could be divided in several invoices. The factoraje is considered a figure very little well-known in Nicaragua and at the moment a legislation does not exist on the matter.

Product of this deficiency in the legislation, the unique type of factoraje that has been able to develop is the factoraje with resource, in which, the selling company that endorses the invoice to the financial being not releases completely of the risk. It is by that, before a situation of nonpayment on the part of buyer, the factoraje company resorts again to the selling company. The requirements are: the recent act of constitution of the society, financial statements, banking statements of account of the last months, the general power of the people who sign the change letter and a document of acceptance or irrevocable letter of payment by factoraje. The benefits of the factoraje *Proporciona liquidity *Nivela cash flow in case of seasonal sales *Reduce the financial leverage *Permite to take advantage of discounts suppliers and discounts by purchases in great volumes. *Permite to increase to the volume of the sales when having possibilities of giving conditions of payment on credit to the clients *Permite to extend the terms of credits to the clients, which constitutes a tool to trade products or services. *Racionaliza the risk of losses in accounts to receive *Disminuye costs in credit areas and collection *Otorga a greater formality to the collection *Permite the specialization by means of which, the companies can be dedicated to development of its own businesses According to the specialists in the subject of the factoraje, one of the great benefits that are come off this activity has to do with the specialization, where is the factoraje companies those that they specialize in realising the collection workings, which allows the companies to dedicate itself and to specialize in their own businesses instead of of walking pursuing to their indebted ones, with all the costs that this implies. Is very different when the same salesman of pgueme commands to him please to the letter, from when sends to the same letter a company to him that is specialized in collection.

The company once with its invoice already can be forgotten that. The Factoring is a financial singularity that lubricates the operation of the economic life of the companies. If these in Bogota or Cali and you have invoices that you can negotiate, you obtain very good alternatives in Factoring Colombia or factoring Cali. These alternatives allow to obtain liquidity and make possible an urgent cash to be able to continue creating economic advantages in the market.