Factoring for business growth
- Get up to 90% of the invoice amount without waiting for customer payments
- No additional collateral required
- Fast and reliable financing
- Deferred payment up to 120 days

Why choose factoring?
- Quick and easy financing. Get immediate access to funds tied up in unpaid invoices.
- Improved liquidity. Strengthen your working capital and free up resources for growth.
- Easier cash flow planning. Predictable payments make financial management simpler.
- Greater flexibility for your customers. Offer longer payment deadlines without risking your own liquidity.
- No additional collateral required. Financed invoices serve as security, unlike traditional loans.
- Reduced payment risk. Maintain stronger control over buyers and improve their payment discipline.
More information at: [email protected]
How does factoring work?
STEP 1
Issue an invoice
You sell goods or services to your customer and issue an invoice with a deferred payment term.
STEP 2
Submit the invoice to Finora Bank
Send us the invoice and apply for financing
STEP 3
Receive immediate financing
If the invoice is correct, Finora Bank finances up to 90% of its value to your account immediately.
STEP 4
Settlement
Your customer pays the invoice directly to Finora Bank, and we transfer you the remaining amount (minus fees).
Main terms
LIMIT ADMINISTRATION FEE:
from 1% of the limit amount
FINANCING FEE (ANNUAL INTEREST):
By agreement
ADVANCE PAYMENT RATE:
determined individually for each buyer, generally up to 90%
THE MAXIMUM ALLOWED PAYMENT TERM:
120 days
INVOICE ACCEPTANCE FEE:
From 0.5% of the invoice amount, min. €3
FACTORING AGREEMENT AMENDMENTS:
By agreement
ANNUAL ASSESSMENT OF INSURED DEBTOR’S RISK:
€50
ANNUAL ASSESSMENT OF UNINSURED DEBTOR’S RISK:
€15
PREPARATION OF ATYPICAL FACTORING REPORT:
€30
Apply for the factoring
Frequently Asked Questions
What is factoring?
Factoring is a type of financing where a business sells its unpaid invoices to a financial company (in this case, Finora Bank) in exchange for quick cash.
The purpose of factoring is to generate quick cash flow and improve liquidity. You will receive money for the goods or services sold immediately and do not have to wait for the invoice payment deadline.
The purpose of factoring is to generate quick cash flow and improve liquidity. You will receive money for the goods or services sold immediately and do not have to wait for the invoice payment deadline.
How does factoring work?
The company sells goods or services, for which a sales invoice and other documentation is sent to us and the buyer. We pay most of the invoice amount to the company immediately. When the invoice is due, the buyer pays us the invoice, after which we pay the company that sold the goods or services the remaining amount of the invoice.
How much money can be received from a financed invoice?
With factoring, we usually advance up to 90% of the invoice value right away.
When will I receive factoring fee invoices?
Factoring fees are invoiced once per month and are payable by the client.
How can I get information about the financed invoices?
All settlement information can be tracked on our self-service portal. If necessary, your account manager will advise you, or you can reach [email protected].
What happens if I assign an invoice and the buyer does not pay on time?
You don’t need to worry. Finora Bank takes care of such situations and manages overdue payments on your behalf.
Do you finance overdue invoices?
No. We only finance invoices that are still within their agreed payment terms.
What kinds of invoices do you finance?
We finance business-to-business invoices for goods delivered or services rendered, provided they include a deferred payment term (typically 30–120 days). Invoices must be correctly issued, accepted by the buyer, and not overdue at the time of submission.
Is factoring available for the construction sector?
Yes, factoring is available for construction companies. We also finance invoices from many other sectors, including manufacturing, trade, logistics, and various service providers.
Do you finance invoices to foreign countries, i.e. export invoices?
Our factoring services are primarily available in Estonia and Lithuania, but we can also finance export invoices to other European Union countries.
How quickly will I get the money for my invoices?
Funds are transferred within 24 hours, typically as soon as we receive your invoice.
Can a startup or small business use factoring?
Yes, factoring is available for all types of companies, including startups and SMEs.
Can I terminate the agreement with immediate effect and how much does it cost?
You can terminate the agreement any time you want. Termination does not entail any additional financial obligations to you.
General information
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