From today JSC Capitalia will provide new finance product for small and medium enterprises – invoice purchasing. Invoice purchasing is an easy and convenient way for businesses to improve cash flow and increase working capital.  With this product companies can sell their issued invoices for goods or services and receive payment already on the following day. This new and innovative financing product is a modern alternative to traditional factoring provided by commercial banks.
 
Application for invoice financing can be done at dedicated website www.pardodrekinu.lv. The invoice financing product is available only for invoices exceeding EUR 1,000 and for companies working at least for 6 months with annual turnover not less than EUR 50,000. Unlike traditional factoring provided by banks, invoice purchasing by Capitalia can be started the following day after filling in the application with fast and easy evaluation process.
 
“Invoice financing is a type of financing that allows to receive money already today for invoices that are issued to customers. It assures that high debtor days are no longer a hurdle to capture all business growth opportunities. This product is especially suited for small and medium enterprises that often have difficult access to traditional banking products. Our aim is to provide businesses with financing product that is easy to understand, convenient and transparent.” states Juris Grišins, manager of JSC Capitalia.
 
Invoice purchasing allows companies to receive funds for their invoices sooner than expected initially thus improving cash flow and increasing working capital. By releasing its working capital, company has the opportunity to boost its competitiveness by offering customers more elastic payment terms.