Unlock Growth with Factoring
Growth requires both flexibility and access to capital. With factoring, you can unlock capital tied up in customer invoices and strengthen your cash flow. This gives you greater freedom to invest, develop your business, and take the next step forward.
Invoice factoring
With invoice factoring, invoices are sold for their full value to Norion Bank. The fee covers administration, risk assumption and financing. The receivable is removed from the balance sheet, resulting in higher liquidity, better key ratios and less administration. Norion Bank offers invoice factoring throughout the Nordic market. With recourse invoice factoring, the customer bears the credit risk and repays the invoice amount a number of days after it is due if the end customer fails to pay. With non-recourse invoice factoring, Norion Bank assumes the risk of both late payment and nonpayment. When the invoice is sold, the receivable is transferred to Norion Bank, which entails reduced credit and currency risks.
Export factoring
Exporting companies may face late payments, high risks and liquidity challenges. Norion Bank can help by buying the invoice and taking over the credit risk, thus strengthening cash flow and key ratios.
