Finora Bank offers financial services tailored for SMEs, including business loans starting at €20,000, flexible leasing options, and factoring solutions that require no collateral. By providing transparent pricing and expert guidance, the bank addresses the need for accessible financing and cash flow management in the Baltic region.
Funding
Funding not disclosed
Founders
Product
Problem
Small and medium-sized enterprises (SMEs) in the Baltic region often face challenges in accessing suitable financing options and managing cash flow effectively. Traditional lending institutions may require substantial collateral or have complex application processes, hindering SMEs' ability to secure necessary capital for growth and operations.
Solution
Finora Bank provides tailored financial services to SMEs, offering business loans, leasing solutions, factoring, and microloans designed to address their specific needs. The bank's business loans start from €20,000 with interest rate margins from 5%, featuring clear and simple pricing structures and flexible repayment terms. Leasing options are available for acquiring vehicles, machinery, and equipment, while factoring solutions offer a way to improve cash flow without requiring collateral. Microloans provide additional flexibility for working capital needs, and financing with European Investment Fund (EIF) guarantees supports creative and cultural projects.
Target Audience
Finora Bank primarily targets SMEs in Lithuania and Estonia seeking accessible financing solutions to support their growth, manage cash flow, and acquire necessary assets.
Features
- Business loans with interest rates margin from 5% and flexible repayment options
- Leasing solutions suitable for various assets, including cars, commercial vehicles, and specialized machinery
- Factoring services for improved cash flow management, available for invoices starting from €5,000 in Estonia
- Microloans up to €50,000 for working capital, with flexible borrowing and repayment terms
- Financing options with EIF guarantees, covering up to 70% of the loan amount for cultural and creative businesses
- Transparent pricing with no hidden fees
- Dedicated relationship manager for personalized support