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 Purchasing
With invoice purchasing, you sell your customer invoices to Norion Bank and gain immediate access to liquidity instead of waiting for the end customer to pay. The service frees up capital, strengthens cash flow, and reduces the administrative burden associated with managing accounts receivable. When an invoice is sold, the receivable and associated risk are transferred to Norion Bank, meaning that the receivable is removed from your balance sheet. This can help improve key financial ratios, increase liquidity, and reduce exposure to credit and foreign exchange risks.
Invoice Purchasing with Recourse
With invoice purchasing with recourse, you retain the credit risk. If the end customer does not pay the invoice within the agreed period, the payment obligation reverts to you, and you repay the invoice amount to Norion Bank. Since you retain the credit risk, this is often a cost-effective way to gain access to liquidity.
Export factoring
International trade often involves longer payment terms, increased credit risk, foreign exchange risk, and greater working capital requirements. With export factoring, Norion Bank helps exporting companies free up capital by purchasing accounts receivable and assuming the associated credit risk. By converting outstanding invoices into immediate liquidity, companies can strengthen their cash flow and financial flexibility. At the same time, export factoring reduces the administrative burden of managing accounts receivable and mitigates the risk of credit losses. It can also help improve key financial ratios by removing accounts receivable from the balance sheet. Norion Bank offers export factoring solutions tailored to companies operating in international markets.
