Paragraphs
Up to
12 months
Agreement term
Up to
120 days
Deferred payment for buyers
Up to
90%
Immediate payment of the invoiced amount (advance rate)
Immediate cash in your account in exchange for outstanding invoice
We have prepared a factoring offer for you, which is valid upon submitting an application until March 31 2025:
- No contract fee
- Check the credit risk of your buyer for free (review of 1 accounts receivable insurance limits for free)
Factoring for your business needs
Domestic
- Factoring directed towards domestic sales of goods and services
- Simplifies cooperation with domestic debtors
- Improves cash flow, payments on the same day as invoice submittance
- Receive immediate payments
- Possible to receive funding without a commercial pledge
Export
- Factoring directed towards exporting companies
- Receive payments in the invoiced currency (EUR, USD, GBP, NOK, SEK, DKK)
- No currency fluctuation risks
- Debtor risk insurance to decrease the risk of losses
Reverse factoring
- Suitable if your company or the company you deliver products or services to has a good credit rating.
How does factoring work?
- Seller issues the invoice and sends the copy to SEB.
- SEB usually pays the advance part of the invoice to your current account on the same day.
- The buyer pays the invoice to SEB at due date.
- SEB pays to the seller the difference in the advance part and the amount received from the buyer.
| Service | Fee |
|---|---|
| Review of the factoring application | Free of charge |
| Processing a factoring | 0,1%-1,5% of the total factoring limit, min 430.00 EUR + VAT |
| Amendments in the factoring contract: | |
|
0,1%-1,5% of the increased factoring limit, min 215.00 EUR + VAT |
|
starting from 99.60 EUR + VAT |
| Term prolongation for factoring agreement | 0,1%-1,5% of the total factoring limit, min 290.00 EUR + VAT |
| Administration of invoices: | |
|
starting from 0,1% of the invoice sum + VAT |
|
starting from 0,35% of the invoice sum + VAT |
| Limit review commission with the insurer | From 20.00 EUR + VAT |
| Provision of accounting references | 30.00 EUR + VAT |
Additional info
Simple to apply
- Register for consultation
- We will contact and advise you
- Send the filled application and required documents to factorcs@seb.lv
- 4. After a positive decision, sign the agreement
1.
We will contact and advise you
2.
Send the filled application and required documents to factorcs@seb.lv
3.
After a positive decision, sign the agreement
Other financing solutions for your purchases and trade
Overdraft
Flexible option for using extra cash, offering the possibility to have a negative balance on company’s account for financing working capital.
Trade financing
Financing and managing the risks of your company’s trades
Working capital loan
To cover temporary shortage of working capital or expenses.
Need advice on financing?
- Our client executives will help you find the suitable financing solution for your business.
- We have a dedicated team of professionals you can trust.
