Factoring

Balance your operating cashflow, while waiting payments for issued invoices.

Immediate improvement of cashflow.
Bank collects and monitors payments from buyers.
The financed invoices serve as the collateral.

Factoring limit starting from 35,000 EUR

EUR

Invoice financing expenses
0%0.00EUR

The calculation is approximate and it is not a commitment to provide financing.

Make the delivery and issue an invoice to the buyer.
Send the signed invoices to the bank.
Get financing from the bank, in the amount of up to 90% of the invoice total.
The buyer pays 100% of the invoice to the specified Swedbank account.
The bank will pay you the remaining part of the invoice.

Instant use of working capital for other purposes.
Opportunity to offer better payment terms to your customers.
There will be the possibility to use credit insurance to cover buyer insolvency risk.
Factoring reports in Internet bank provide an overview of transactions and simplify accounting.
Apply for changes in your existing factoring agreement digitally.

Goods and services on the invoice have been delivered.
Buyer and seller must not be related companies.
Claims underlying the invoice may not be pledged or transferred to third parties.
Seller and buyer should not have any counterclaims that would enable to clear the invoice.
The invoice must be payable within up to 120 days.
Buyer has had no significant payment delays.
Not available for invoices covering construction works.
Buyer’s location – worldwide.
The minimum factoring limit is 35,000 EUR. Alternative for smaller amount – overdraft.

Fill out the application form and the bank will contact you within 2 business days.
After the positive decision, sign the factoring agreement digitally or at a branch.
Issue invoices to the buyer with an assignment note and inform buyer (Paziņojums klientam; Client Notification).
Send the signed invoices and the summary list (or other documents requested in the agreement) to the bank.
You will receive up to 90% of the invoice amount in your company’s account within 3 business days.
Once the buyer has paid the invoice fully to the specified Swedbank account, you will receive the remaining amount.

We may request your company’s last annual financial report, if it has not been submitted to the Commercial Register. The balance sheet and income statement submitted may not be older than 12 months. We may also ask to see sales contracts, orders or other documents related to your cooperation with the buyers.

Assessment of my company

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Available to Swedbank customers. We can show the company’s individual valuation if the balance sheet and income statement are available in public databases.

Financials

Your company’s loan eligibility is based on your latest financial statement, so be sure to do your accounting properly and keep the financial statements up to date.

Up-to-date annual, and sometimes quarterly, financial statements are instrumental in the loan application process.

Your equity is: .

Equity ratio is: %.

The more of a company’s assets (real estate, equipment, machinery, stock, current assets etc.) are financed by the owners themselves rather than creditors, the better its chances to obtain financing. In order to receive financing, your equity cannot be negative.

EBITDA (earnings before interest, taxes and depreciation) .

A company’s ability to generate profit is an important factor in financial eligibility evaluations.

A company should have enough funds available to cover potential additional liabilities.

To be eligible for financing, a company must have a sufficient level of turnover or a future project with good turnover potential. A sustainable pace of turnover growth is one sign of a financially healthy company.

Credit history

A company’s credit history is one of the most important factors in determining its loan eligibility. This means reviewing the payment history of the company, related companies and key officials. You can find more information about the personal data processing in the Swedbank approved Principles of Processing Personal Data.

Timely payments of existing and past loans held by your company in Swedbank is one of the key elements for future financial eligibility of both the company and related individuals.

The payment discipline of your company and its group members in respect to third parties also indicates your trustworthiness today and in future.

Relationship with bank

Please let us know if you have recently changed the name of your company, its ownership or area of business. Make sure to complete and update your anti-money laundering (AML) questionnaire, as this is an essential part of financing applications.

A completed and up-to-date AML questionnaire is a prerequisite for applying for a loan from Swedbank.

A successful and sustainable relationship with the bank creates beneficial conditions when applying for financing.

Blocked accounts can be an indication that a company is experiencing difficulties.

The longer your business has been operating, the more trust we will have in it.

Product/Service		Price, EUR
Applying
Agreement conclusion / extension	Easier via Internet Banking	Up to 1% of the limit, min. 250,00 + VAT
Limit increase		Up to 1% of the limit, min. 150.00 + VAT
Using
Invoice processing		0,10 - 0,50% of the amount, min. 0,49 + VAT
Factoring reports		0,00 - 5,00 + VAT On Internet Banking site for previous month - 0,00 For other period - 5,00 + VAT
Agreement amendments (change in buyer limits, payment deadlines etc.)	Easier via Internet Banking	On case-by-case basis, min. 65,00 + VAT
Checking the buyer’s credit risk insurance limit		45,00 + VAT
Bank certificate preparation		20,00 - 50,00 + VAT

Effective from 19.08.2020.

To find out which financing option would work best for your company, sign up for a consultation!

Choose the purpose of financing and find suitable loan.

Factoring

Balance your operating cashflow, while waiting payments for issued invoices.

Assessment of my company

Financials

Credit history

Relationship with bank

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Contacts

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Factoring

Balance your operating cashflow, while waiting payments for issued invoices.

Assessment of my company

Financials

Credit history

Relationship with bank

Jūsu Internet Explorer pārlūkprogramma netiek atbalstīta.

Lūdzu izmantot Google Chrome, Mozilla Firefox vai Microsoft Edge pārlūkprogrammu.

You have been logged out from Internet bank

Could be in your pocket too

Contacts

Useful links

Legal information