Invoice Financing
Invoice financing is a commonly used financing facility for businesses to improve their operating cashflow through the shortening of your receivable days. Companies can either sell their invoices to a third party (Invoice Factoring) or borrow against them (Invoice Discounting).
Loan Amount
Up to 90% of the invoice face value
Interest Rate:
1-3% per month
*Subject to credit assement
Duration
1 month to 1 year (up to the payment due date of the invoice)
Benefits
Free up capital with little requirements
Unlike other sources of business funding, invoice finance is relatively easy to qualify for even newly set-up companies or companies with stressed financials with no collaterals and guarantors needed.
Ability to extend payment terms with confidence
Waiting 30, 60 or 90 days for payments can stunt the growth of smaller businesses, but not offering payment terms that are considered standard in your industry may make customers going elsewhere. Invoice finance allows business to extend payment terms to their customers without having to worry about the detrimental impact it could have on cash-flow.
Outsource your collection and monitoring
If you choose invoice financing, you can let the financier handle the credit control and collection which will better enable you to concentrate and manage your business. This applies to not only local invoices but global invoices as well.
Why explore Invoice Financing through us?
A Team That Will Support You
We have a dedicated team that will walk you through your entire loan origination process and help you do the market research you need. So, you can focus your resources on your core business.
Faster Turnaround Time
Due to our familiarity with the origination process. We can reduce processing time substantially.
Higher Approval Rate
Improve your approval chances. We are very familiar with the credit criteria of most banks & lenders with a solid track record of approval rate.
Higher Finance Amount
Maximize your company’s borrowing potential across multiple banks in Singapore.
Within our extensive network of capital providers, we will assemble for you the appropriate financing strategy at the most favourable terms.