Navigate to main page content
Become a customer

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.
Swedbank logo

Jūsu Internet Explorer pārlūkprogramma netiek atbalstīta.

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

Google ChromeMozilla FirefoxMicrosoft Edge

Ar 23.03.2021. Swedbank internetbanka vairs nav pieejama, izmantojot Internet Explorer tīmekļa pārlūkprogrammu.

Tāpat nav iespējams apstiprināt Swedbank maksājumus citās vietnēs, kā arī izmantot Swedbank autentifikāciju, piemēram, latvija.lv.

Turpmāk iesakām izmantot Google Chrome, Mozilla Firefox vai jaunāko Microsoft Edge versiju. Uzziniet, kā uz sava datora uzstādīt kādu no minētajām pārlūkprogrammām, šeit.

С 23.03.2021 Интернет-банк Swedbank недоступен в браузере Internet Explorer.

С помощью Internet Explorer невозможно авторизоваться или осуществлять платежи через Swedbank на сторонних веб-страницах.

Вместо браузера Internet Explorer мы рекомендуем использовать браузеры Google Chrome, Mozilla Firefox или Microsoft Edge. Инструкции по установке упомянутых браузеров можно найти здесь.

From 23.03.2021 Swedbank Internet Bank and Banklink is no longer available using Internet Explorer browser.

It is not possible to authorize or make payments from Swedbank on other web pages using Internet Explorer.

Instead, we suggest using Google Chrome, Mozilla Firefox or the newest version of Microsoft Edge. To find out how to install the suggested browsers, please click here.

Klientu serviss - Инфо и помощь - Customer service: +371 67 444 444

Swedbank
  • Jūsu ierīces operētājsistēma un pārlūkprogramma ir novecojusi un netiek atbalstīta Swedbank internetbankas lietošanai. Aicinām vērsties pie Jums uzticama IT atbalsta, lai saņemtu konsultāciju un veiktu atbilstošu operētājsistēmas un pārlūkprogrammas atjauninājumu.
  • The operating system of your device & your browser are too outdated to be supported by Swedbank Internet Bank. Please, update the operating system & browser or turn to IT specialist for technical help.
  • Ваш браузер или операционная система недостаточно современны для использования в интернет банке Swedbank. Пожалуйста обновите операционную систему и браузер или обратитесь за технической помощью к ИТ специалисту.

You have been logged out from Internet bank

For extra security close the browser window. If you wish to continue using Internet bank, please log in again.

Contacts

“Swedbank” AS
Balasta dambis 15, Riga,
LV-1048, Latvia
BIC/S.W.I.F.T.: HABALV22
Reg. number: 40003074764

Useful links

Legal information

This is Internet Banking site of companies offering financial services - "Swedbank" AS, "Swedbank Līzings" SIA, "Swedbank Atklātais Pensiju Fonds" AS, "Swedbank Ieguldījumu Pārvaldes Sabiedrība" AS, "Swedbank P&C Insurance" AS Latvia branch, "Swedbank Life Insurance" SE Latvia branch. Before signing any agreement read the terms and conditions of the respective service.