+371 2017 5000
lv
+371 2017 5000
lv
Services

Procurement financing

We will pay the your suppliers’ invoices, allowing you to postpone payments for up to 90 days.

Favourable conditions – starting from 1% per transaction

Favourable conditions – starting from 1% per transaction

Pay your invoices right away, receiving more favourable offers in return

Pay your invoices right away, receiving more favourable offers in return

Use the postponed payment – for up to 90 days

Use the postponed payment – for up to 90 days

No pledges or guarantees

No pledges or guarantees

Required financing
€
Due date
days
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Iepirkumu finansēšana

Procurement financing

Purchase factoring or reverse factoring allows using the widely-known invoice financing also in transactions with suppliers. It is like a short-term loan for your operating activities, but without any credit commitments. At the moment, ERST Finance is the only company in the Latvian market which undertakes to pay your suppliers’ invoices, allowing you to make your payment 30-90 days later. In this way, it is possible to arrange better purchase conditions, as well as to purchase more goods and maintain a stable cash flow.

Required criteria
for obtaining a loan:

  • The company has been trading for at least a year;
  • The previous year ended with a profit;
  • Positive net worth;
  • No major tax delays.

Example

  • A construction company needs to buy building materials.
  • ERST Finance ensures a 100% payment of the invoice within 1 day.
  • The company uses the remaining free resources to pay out salaries to their employees.
  • After 90 days, upon receiving the payment for the first round of construction, the company makes a payment to ERST Finance.

How to receive financing?

  1. We carry out a 100% payment of suppliers’ invoices for the client
  2. The client receives goods from the supplier
  3. The client repays the loan to ERST Finance in 30-90 days
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