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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
  • 00.00

The calculation is approximate and it is not a commitment to provide financing.
  1. Make the delivery and issue an invoice to the buyer.
  2. Send the signed invoices to the bank.
  3. Get financing from the bank, in the amount of up to 90% of the invoice total.
  4. The buyer pays 100% of the invoice to the specified Swedbank account.
  5. 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.
  1. Fill out the application form and the bank will contact you within 2 business days.
  2. After the positive decision, sign the factoring agreement digitally or at a branch.
  3. Issue invoices to the buyer with an assignment note.
  4. Send the signed invoices and the summary list (or other documents requested in the agreement) to the bank.
  5. You will receive up to 90% of the invoice amount in your company’s account within 3 business days.
  6. 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.
Product/Service Price, EUR
Applying
Agreement conclusion / extension Easier via Internet Banking On case-by-case basis, min. 250,00 + VAT
Limit increase On case-by-case basis, min. 150.00 + VAT
Using
Interest rate On case-by-case basis
Invoice processing 0,10 - 0,70% 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
Preparation of non-standard bank certificates upon customer's request min. 70,00 + 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.
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