Receivables Insurance

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Receivables Insurance

Government Supported Receivables Insurance is a product designed especially for small and medium-sized enterprises (SMEs), covering the risk of non-payment of receivables arising from their unsecured credit sales.

With Government Supported Receivables Insurance:

  • You can protect yourself against unpaid invoices, which can be highly problematic for SMEs, thereby strengthening your financial structure.
  • You gain access to professional support at a reasonable cost for risk assessment.
  • You grow your company by finding new customers and increasing your sales safely.
  • The quality of your balance sheet’s assets improves, enhancing your credibility with banks and financial institutions.
  • You can focus on your core business by putting receivables problems aside.
  • You reduce expenses by obtaining collection services at affordable costs.

• Sales made on open account, check, and promissory note

• Sales with deferred invoicing

• Sales to legal entities (sole proprietorships, ordinary partnerships, etc.)

• Simple procedure taxpayers

• Firms with tax and social security premium debts

• Firms whose receivables are only abroad

• Public institutions, municipalities, chambers and exchanges, professional associations, foundations, publicly owned economic enterprises, and individuals who do not have the status of a merchant.

SMEs established at least two years ago, with annual domestic net sales revenue or financial balance sheet not exceeding 25 million TRY, and meeting the risk assessment criteria determined by the Extraordinary Risk Management Center (ORYM) can get insured.
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