Factoring
Nordea Finance Lithuania finances accounts receivable without pledge.
| Basic factoring conditions | |
|---|---|
| Minimum financed turnover | 150 000 EUR /per year |
| Factoring contract term | Up to 12 months (may be extended upon the agreement of parties) |
| Financed currency | LTL, EUR, USD |
| Financing rate | Up to 80-90% of invoice sum |
| Interest rate | Short-term credit margin + 1 night base-rate |
| Administration fee | Up to 0,75% of factoring limit |
| Invoice Administration fee | 0,75% of invoice sum |
| Payment term | Up to 90 - 120 days |
| Insurance | Buyer's limit insurance |
Calculate the price increase of financed invoice
Submit these documents and receive factoring limit:
- Factoring application:
Factoring application - Financial report (balance, profit (loss) reports or income declarations) for the last quarter of the year, last year and the year before.
- Purchase-sale contract(s).
Factoring operation scheme:
- The Seller sells items to the Buyer.
- One copy of invoice is submitted to Nordea Finance Lithuania.
- Nordea Finance Lithuania makes advance payment to the Seller in accordance to accepted invoices (up to 80-90%).
- On the expiration of the term of payment the Buyer pays 100% of the invoice sum to Nordea Finance Lithuania.
- Nordea Finance Lithuania pays reserved amount to the Seller (subject to advance payment).