Freedom for business
90 %
of the invoice amount upfront
Factoring for business up to €200,000
Get paid for issued invoices without waiting for your client to pay
Apply Today Receive Today →No collateral
Rate from 0.2%
Your own financial consultant
10 years
INVOICE AMOUNT
50 000 €
10 000 €
200 000 €
PAYMENT TERM, DAYS
You get upfront
45 000 €
Up to 90% upfront · the rest after your client pays
Your data is protected – we respect your privacy
Factoring: financing of up to 90% of the issued invoice amount, payment term 30-90 days, total limit up to €200,000. Rate from 0.2%; the price depends on the invoice amount, the term and your client's creditworthiness.
What Cityfinances factoring
can do for your business
Orders delivered on time
Order waiting for funding
Stable cash flow
Money frozen in unpaid invoices
Turnover and profit grow
Growth has to wait
GOALS ACHIEVED
More working capital
Raw materials bought on time
New equipment and fixed assets
Any other growth goal
Fast and simple factoring
01
Complete the application
15 sec.
02
Review and approval
5 min
03
Sign the agreement
5 min
04
Receive the funds in your account
5 min
Cityfinances success stories that have achieved remarkable results
Construction
+135 %
Before
After 12 mo.
A house construction company grew its turnover within 12 months by building a sales team
Production
+200 %
Before
After 12 mo.
A bed manufacturer's income grew in the first 12 months by selling off full warehouses
Metalworking
+117 %
Before
After 18 mo.
A metalworking company increased its income in just 18 months
Agriculture
+53 %
Before
After 12 mo.
An agricultural company increased its income by automating production and buying the equipment it needed
What clients say about Cityfinances
Baiba Ziemele
MIKROKODS · IT · RIGA
RESULT
Funds in the account the same day
SOLUTION
SME financing
NEED
Working capital for a large order
“We were pleasantly surprised by how fast and simple the process was”
Oļegs Špaks
NIKAOD · TRANSPORT · RIGA
RESULT
Vehicle back at work and taxes paid
SOLUTION
Fast loan without collateral
NEED
Urgent vehicle repair
“In transport, every day of downtime is a loss”
Indra Rācene
ANNELS ATRAKCIJU FABRIKA · ENTERTAINMENT · RIGA
RESULT
Playroom opened in a shopping centre
SOLUTION
A substantial loan without red tape
NEED
Equipment and premises for a playroom
“We definitely recommend Cityfinances as a reliable partner”
Arvis Zeile
MAK IT · IT · RIGA
RESULT
A reliable and secure partner
SOLUTION
Money in the account on the day of application
NEED
Fast, high-quality financing
“Impressed by the quality and speed of the service”
Cityfinances factoring with clear and favourable terms
Total limit
up to €200,000
for all invoices
200 000 €
Financing
up to 90% of the invoice
upfront
after your client pays
Payment term
30-90 days
30
60
90 days
Rate
from 0.2%
you see all costs
before the agreement
Cityfinances financing for every business goal
8 solutions in one place
Factoring
Cash for issued invoices right away
Apply for factoring →
SME financing
Fast capital for growth without collateral
Apply for a loan →
Cash flow funding
Flexible financing for your business
Apply for cash flow funding →
Car leasing
Expand your fleet without high costs
Apply for car leasing →
Leasing
Equipment and machinery for business growth
Apply for leasing →
Purchases and stock
Steady supply and production
Apply for financing →
Agricultural loans
Financing for agricultural needs
Apply for financing →
Loan consolidation
One payment and better terms
Apply for consolidation →
Supporting Latvian businesses for more than 10 years
Join us →Issued to Latvian companies
300+ M €
2016
10 years in Latvia
2026
92 %
of clients come back
4,8
★★★★
client rating
3 266
companies financed
50+
industries
Want to achieve more in business?
A large order, new equipment, supplier invoices or the next step in growth. Cityfinances financing is there when you need it, with your own financial consultant by your side.
Find out how we can support you
Find out how we can support youYOUR FINANCIAL CONSULTANT
Your financial consultant is always by your side
A person who knows your business and is with you from the application to the money in your account. Fill in the application and your consultant will contact you.
Contact a consultant →USEFUL FOR BUSINESS OWNERS
Factoring: everything to know before you apply
Answers to the most common questions about factoring, costs, documents and how to get paid for invoices right away.
What is factoring and how does it work?
Factoring is financing against issued invoices. You get up to 90% of the invoice amount upfront, and when your client pays the invoice, the obligation is settled. No waiting 30, 60 or 90 days to pay salaries, taxes and suppliers.
Apply for factoring →Cityfinances factoring helps you reach even ambitious goals
01
We get to know your goal
Together we work out which solution suits your business best
02
Fast decision
A personalised offer so you see the return as soon as today
03
Safe and transparent
No hidden fees or complicated rules
04
Long-term partnership
We stay by your side after the agreement and celebrate the results together
What is the process for factoring
- 1 Issue an invoice to your client
- 2 Apply online in 15 seconds
- 3 Sign the contract 5 minutes
- 4 Receive funds in account 5 minutes
- 5 When the client pays the invoice, the obligation is settled
Who is factoring for?
For companies that work with deferred payments: wholesale, manufacturing, construction, transport and services. Factoring suits companies registered in Latvia whose clients are other businesses and who issue invoices with a payment term.
Apply for factoring →What are the advantages of factoring?
- Steady cash flow without waiting
- Up to 90% of the invoice amount upfront
- No collateral or extra security
- No long-term credit obligations
- You can confidently take on bigger orders
How much does factoring cost?
The price of factoring depends on the invoice amount, the payment term and your client's creditworthiness. Rates start from 0.2%. You see all costs before signing the agreement, with no hidden fees.
Apply for factoring →What affects the factoring price?
- Invoice amount
- Payment term up to 90 days
- Your client's payment history and creditworthiness
- Volume and regularity of cooperation
How much financing can you get with factoring?
Up to 90% of the invoice amount, with a total limit of up to €200,000. The limit is set by your clients' creditworthiness and the volume of invoices issued.
Apply for factoring →What documents are needed for factoring?
- The invoice issued to your client
- A bank account statement for the last few months
- If you have them, an interim balance sheet and a profit and loss statement
Everything is submitted online. If anything else is needed, your consultant will let you know.
Apply for factoring →How is factoring different from cash flow funding?
Cash flow funding is a one-off amount repaid in instalments over up to 3 years. Factoring finances specific invoices, and the obligation ends when your client pays the invoice. If you need money for growth, choose cash flow funding. If you need money for issued invoices, choose factoring.
Apply for factoring →