Factoring that keeps your business moving
Turn unpaid invoices into working capital.
One service. Endless cash flow options.
No additional collateral. Fast. Reliable. Transparent.
Up to 90% of the invoice amount
No collateral required
Deferred payment up to 120 days
Fast and reliable financing
Calculate factoring prices
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How factoring works
You issue invoices and wait for payments
Your customers may take 30, 60 or even 120 days to pay, limiting the cash available for daily expenses and new investments. Factoring turns unpaid invoices into working capital before they fall due.
You submit invoices to Finora Bank
We assess the invoices and your customers’ payment history. Once approved, we finance up to 90% of the invoice amount immediately – with no additional collateral required.
You improve your cash flow
Faster access to funds helps you pay suppliers on time, manage payroll and take on new orders without waiting for customers to settle their invoices.
Your customer pays Finora Bank
Once your customer pays the invoice, we transfer the remaining balance to you. This gives you greater liquidity and financial stability while keeping you in control of your business.
Why Finora Bank factoring will suit your business needs best
We think like business owners
We take time to understand your business model, not just your balance sheet. Our approach is tailored, not templated.
Solutions tailored to you
No one-size-fits-all offers. We assess each case individually and adapt terms to your business model and cash flow.
We are regulated and reliable
Finora Bank is supervised by the Bank of Lithuania. Our team consists of 60+ banking and fintech professionals, trusted by hundreds of companies across Lithuania and Estonia.
Frequently Asked Questions
Factoring is a financing solution that allows a company to receive funds earlier by assigning issued invoices to Finora Bank before their due date.
Once the agreement is in place and onboarding is completed (the contract signing follows the same procedure as applying for any other type of financing at Finora Bank). After selling goods or providing services, your company issues an invoice to the customer and submits it to Finora Bank. The bank advances up to 90% of the invoice value, so you do not have to wait for the payment term to end. When the invoice reaches its due date, the customer pays the full invoice amount to the bank account specified by Finora Bank. After the payment is received, Finora Bank transfers the remaining part of the invoice to your company.
Factoring is suitable for companies with regular business-to-business sales that issue invoices with deferred payment terms.
Up to 90% of the invoice amount can be advanced, subject to the agreed terms and risk assessment.
Funds are usually transferred within two working days after the invoice is submitted, provided that a factoring agreement is already in place and all conditions are met.
Before entering into a factoring agreement, the client must complete the bank’s standard onboarding and compliance procedures. This includes submission of:
– Corporate and ownership information
– Financial statements
– Know-Your-Customer and AML documentation
Only after successful onboarding can factoring services be activated.
To finance an invoice, the client must submit:
– A correctly issued invoice
– Proof that goods have been delivered or services rendered
– Confirmation that the invoice has been accepted by the buyer
– Other documents specified in the factoring agreement
Invoices must not be overdue at the time of submission.
We finance business-to-business invoices for delivered goods or rendered services with deferred payment terms, typically from 30 to 120 days.
No. Only invoices that are still within their agreed payment term are eligible for financing.
Yes. Factoring services are primarily provided in Lithuania and Estonia, but export invoices issued to other EU countries may also be financed, subject to assessment.
If necessary, your account manager will advise you. Please send the issued invoice to Finora Bank by email at factoring@finorabank.eu
Yes. The factoring agreement may be terminated at any time.
Termination does not result in additional termination fees, provided all outstanding obligations have been settled.
Factoring fees are invoiced once per month and are payable by the client in accordance with the agreement.
