Pohjola Finance: Empowering Businesses in Lithuania

Pohjola Finance, operating in Lithuania as Pohjola Finance UAB, is a prominent provider of financial services, specializing in factoring and invoice financing solutions. As part of the OP Financial Group, Finland's largest financial services group, Pohjola Finance benefits from a strong reputation, robust infrastructure, and extensive experience in the Nordic financial landscape. This affiliation allows them to offer reliable and innovative financial solutions to businesses operating within the Lithuanian market.

Factoring and Invoice Financing: A Key Offering

The core business of Pohjola Finance in Lithuania revolves around providing factoring and invoice financing. These financial tools are crucial for businesses seeking to improve their cash flow management. Instead of waiting for customers to pay invoices according to typical payment terms (often 30-90 days), businesses can sell their invoices to Pohjola Finance at a discount. Pohjola Finance then takes on the responsibility of collecting payments from the debtors.

This process offers several significant advantages for Lithuanian businesses:

• Improved Liquidity: Access to immediate funds tied up in outstanding invoices frees up working capital, enabling businesses to invest in growth opportunities, meet operational expenses, and avoid cash flow bottlenecks.
• Reduced Administrative Burden: Pohjola Finance handles the invoice collection process, relieving businesses of the administrative burden and allowing them to focus on their core activities.
• Credit Risk Mitigation: In some factoring arrangements, Pohjola Finance assumes the credit risk associated with the invoices. This protects businesses from potential losses due to customer defaults.
• Enhanced Financial Planning: Predictable cash flow facilitated by factoring and invoice financing allows for better financial planning and forecasting.

Target Audience and Industries

Pohjola Finance caters to a wide range of businesses in Lithuania, particularly those with significant accounts receivable. They typically work with small, medium, and large enterprises across various industries, including:

• Manufacturing
• Wholesale and Distribution
• Transportation and Logistics
• Business Services

The specific eligibility criteria and terms of financing will vary depending on the individual business's circumstances, including its creditworthiness, the quality of its invoices, and the industry in which it operates.

The OP Financial Group Advantage

Being part of the OP Financial Group provides Pohjola Finance with a distinct advantage in the Lithuanian market. OP's strong financial standing and commitment to innovation translate into reliable and cutting-edge financial solutions for their clients. The Group's ethical and sustainable business practices further enhance Pohjola Finance's reputation as a trustworthy partner.

Looking Ahead

Pohjola Finance is poised to continue playing a vital role in supporting the growth and development of Lithuanian businesses. As the demand for flexible and efficient financing solutions increases, Pohjola Finance is well-positioned to meet these needs with its expertise, resources, and commitment to providing tailored financial services.