Factoring

Factoring provides companies with flexible supplementary financing that corresponds to their actual sales volume.

The entrepreneur assigns the outstanding receivables to the bank on the terms and conditions agreed and can start using the freed-up working capital straight away.

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Quick and easy financing

Financing is quick and easy after the submission of invoices to the bank once the factoring limit has been established.

Longer payment deadlines

Allows the company to offer longer payment deadlines to its clients and reduce the payment risks related to buyers. The bank monitors invoice deadlines and collects payments from the buyers.

Helps manage cash flow

An easy tool for increasing working capital with sales invoices as security. Factoring increases the company’s liquidity and allows it to optimise its cash flow.

Factoring – good to know

Application on Coop Pank’s form.
Annual report for the last two years (audited if required and the report has not been submitted to the Commercial Register).
Quarterly financial statements of the current financial year that are not older than two months.
Copy of the purchase and sales contract or invoice.
Please e-mail the documents to faktooring@cooppank.ee.

Aleksandr TšekmazovTrade Finance Manager

+372 5352 2135

aleksandr.tsekmazov@cooppank.ee

Factoring

Quick and easy financing

Longer payment deadlines

Helps manage cash flow

Factoring – good to know

Required documents

Security

Price list