Turn bills into cash in 5 minutes with factoring
- Get up to 90% of the invoice amount
- Financing up to €200,000
- Low rates from 0.2%
3000+ companies trust us
Improve business cash flow with factoring - fast and simple!
Stabilize cash flow and develop business
How much funding you need?
10 000 €
Choose factoring term (in days)
Monthly payment
10 150 €
Total interest 150€
Want to know your exact personalized interest rates? Apply now! The calculator provides indicative rates, but you'll get a tailored offer after you submit your application.
Stabilize business operations and scale growth with factoring
- Improves cash flow by receiving up to 90% of the invoice immediately after it is issued
- Protects working capital by running without a hitch and without waiting for customers to pay
- Protects working capital by running without a hitch and without waiting for customers to pay
- Accelerate the growth of the company by investing the quickly received funding in new projects
- Get financing without collateral or security, without additional requirements
Receive invoice payment on the same day with Factoring
- Flexible financing up to €200,000
- Repayment period up to 90 days
- Unlimited line of credit
- No additional fees
What clients say about Cityfinances
To fulfill a large order in geospatial information system development, we needed additional working capital. Cityfinances quickly offered a solution, and the funds were in our account the next day. We were pleasantly surprised by how fast and easy the process was.
In the transport industry, every day of downtime is a loss. When a vehicle needed urgent repairs, we chose Cityfinances. Thanks to their fast, unsecured funding, the vehicle was quickly back on the road, and we were able to settle our tax debts.
When opening a playroom in a new shopping center, we needed funds to purchase equipment and set up the space. Since the required funding was significant, we were worried about bureaucratic hurdles. But with Cityfinances, everything happened very quickly and easily. We highly recommend Cityfinances as a reliable partner!
We were pleasantly surprised by the service quality and speed when starting our partnership with Cityfinances. The funds were transferred to our company's account within 5 days of submitting the application. Cityfinances is now our financial advisor, and we've gained a reliable and secure partner.
How does factoring work?
- Write an invoice and apply 15 seconds
- Sign the contract 5 minutes
- Receive funds in account 5 minutes
- Repay after payment of the invoice
How does factoring work?
Many companies at some stage of development find themselves in a situation where their own funds are not enough to ensure daily operations. This is not necessarily due to poor performance or internal problems. Often, the root of the problem is the financial difficulties of cooperation partners, due to which they delay payments.
Factoring is a financial solution that allows companies to receive an advance on invoices issued. It provides quick cash flow by turning unpaid invoices into immediate working capital. Cityfinances factoring helps companies maintain stable operations and plan for growth.
The factoring process is very simple - when you have issued an invoice to the client, until the payment of which you will have to wait several months, fill out the application and submit it to us. We will prepare the contract and transfer the first of two payments within 24 hours of signing it.
As part of factoring, we give 80-90% of the amount indicated in the invoice. The consultant will determine the exact limit after getting to know the company's industry and the customer's credit history.
When the customer pays the bill, return the loan. Factoring will maintain a stable cash flow and allow the company to continue developing without long-term credit obligations.
Factoring is suitable for companies that want to maintain a stable cash flow and avoid late payments. It is particularly useful for small and medium-sized businesses that are experiencing late payments from customers or need a quick top-up of working capital.
Ideal for companies whose half-yearly turnover reaches at least 50’000 EUR and which sell goods or services to other companies with deferred payment terms.
Factoring services provide immediate cash flow, stabilize the company's cash flow and allow you to focus on business growth instead of waiting for unpaid invoices. Plus, there are no hidden fees or annual fees, and the entire process is quick and easy online. Factoring for companies is flexible financing that is available to every company in Latvia.
How much will factoring cost?
The fee for the factoring service depends on the amount of the invoice you want to finance and the conditions of the selected factoring. We charge a one-off fee for entering into a factoring agreement, and the interest rate is calculated based on a number of factors, including the company's credit history and the due date of the invoice.
The factoring rate per day starts from 0.05%. It is determined by the amount of the invoice and the credit history of the company to which it is issued. Cityfinance specialists use a unique project evaluation methodology, which is based on a scoring system and uses several parameters in the development of an individual offer. In addition, especially favorable invoice financing offers are available to companies that meet their credit obligations in a timely and honest manner.
Factoring prices are influenced by a number of factors, including the invoice amount, the financing term and the company's credit history. Cityfinances uses a unique project evaluation methodology based on a scoring system. It provides individually tailored conditions and the most favorable rates for each customer.
The financing amount of the factoring contract can reach up to 90% of the invoice amount. This means that you can quickly receive up to 90% of this amount after invoicing, ensuring the stability of your business and the opportunity to grow. The term of the contract can be from 15 to 90 days, which ensures flexible financing repayment.
