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      Coop Kindlustusmaakler
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    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.

    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.

    • Assigned right of claims and any additional security requested by the bank if necessary.
    • See the price list of Coop Pank.
    Aleksandr Tšekmazov
    Aleksandr TšekmazovTrade Finance Manager
    +372 5352 2135
    aleksandr.tsekmazov@cooppank.ee

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    Coop Pank AS, Maakri 30, 15014 Tallinn, Registry code: 10237832, SWIFT/BIC: EKRDEE22

    You are on the website of the companies Coop Pank AS and Coop Liising AS that provide financial services and the insurance marketing company Coop Kindlustusmaakler AS. Before committing to an agreement read the terms and conditions of the respective service and, if necessary, consult an expert. By continuing to use the site, you are agreeing to the terms and conditions of website use.