Factoring | Luminor

Simplify your work with debtors - no more waiting. Use the factoring agreement for an instant receipt of the buyers’ payments and risk management.

Why choose factoring

How to apply for factoring?

1

Contact us

Fill in the application form and submit the required documents.

2

Obtain a proposal

After consideration of the transaction receive the proposal from us.

3

Sign the agreement

Sign the factoring agreement.

4

Receive the funding

Submit invoices and receive the funding.

Necessary documents

  • Filled in application (in Latvian)
  • Financial reports for the last two years and operational results, including debtors and creditors account specifications 
  • Authorized representative’s passport or eID card 
  • Copies of the agreements with debtors
  • Other documents or further information, if requested

Useful links

Factoring process in Latvian
Factoring application in Latvian
Price list

Focus on your business, while delegating the administration of invoices to us!

See also: Leasing, Credit line, Simple credit line (Unsecured overdraft)Letter of CreditDocumentary Collection