Factoring

TBB liising offers factoring services to legal entities. It is a convenient tool for quickly raising working capital. Factoring increases the company’s liquidity and allows to optimize cash flows. The main security used for factoring is the right of claim against the buyer, which the customer assigns to the factor.

In factoring, both Estonian and foreign companies may act as buyers. TBB liising accepts as buyers financially reliable companies with a sound credit background and reputation. The seller and the buyer in factoring should be independent parties.

 

How factoring works:

1. The seller supplies goods or renders services to the buyer in accordance with the order.

2. The seller issues an invoice to the buyer, notifying the latter of the fact that the right of claim has been assigned to TBB liising.

3. The seller provides the invoice together the supporting documents to TBB liising.

4. TBB liising transfers the agreed advance payment to the seller’s settlement account.

5. When the payment becomes due, the buyer transfers the full invoiced amount to the settlement account of TBB liising.

6. TBB liising transfers the reserve, less the amount of costs, to the seller’s settlement account.

 

Standard factoring conditions of TBB liising:

Factoring limit                    Minimum 13 000 EUR
Contract currencyEUR. Buyers may also pay in other currencies
Advance paymentUp to 90% of the invoiced amount
Areas of activity Wholesale trade, transport, construction, production and industry                   
Object of financing                                        Invoices issued to the buyer for the goods sold or services rendered      
Minimum number of buyers                         1
Invoice payment deadline               Up to 120 days
Payment for the contractUp to 1% of the limit amount, minimum 150 EUR
Underlying securityRight of claim against the buyer assigned to TBB liising
Contract validity term12 months with the possibility of extension

 

To get a quotation for factoring please contact our managers at 6 301 309 or by email at .

Customer support:

Phone: +372 668 8066
Fax: +372 668 8065
E-mail:
Skype: helpdesk.tbb

 

Helpdesk for bank cards:

Phone: +372 668 8088
Fax: +372 668 8089
E-mail:

Contact us

warning

This is the website of the financial service providers AS TBB pank, AS TBB liising, AS TBB Invest and Morgan Trade AS. Before entering into any agreement please read the terms of the financial service published on our website and, if necessary, consult bank officer, including the annual percentage rate of the loan product you are interested in.
Copying and use of text and graphic materials are allowed only with the consent of the copyright holders.

This website uses cookies. By continuing to open the pages of the site, or by selecting the “OK” button, you agree to the use of cookies. Read more