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Factoring

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

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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.

More information

Required documents
  • 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

See the price list of Coop Pank.

Security

Assigned right of claims and any additional security requested by the bank if necessary.

Contacts

Aleksandr Tšekmazov

Aleksandr Tšekmazov
Trade Finance Manager
+372 669 0992
aleksandr.tsekmazov@cooppank.ee