Factoring / Accounts Receivable Financing

Features
Factoring arrangement is the sale of book debts for cash advances up to an agreed percentage of the net invoice value on the approved debtors.

Loan Quantum
Up to 90% of gross invoice value.
 
Benefits
  • Cash advances that ties in with your sales volume.
  • Additional working capital for your business expansion.
  • Ability to offer competitive credit terms to your major customers and develop new accounts.
  • Outsource your debt collection duties with easy reference to our detailed monthly debtors ledger.
  • Credit check on your debtors and constant feedback.
  • Choice on the debtors that you wish to factor.
  • Foreign currency denominated invoices to local enterprises are acceptable.
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    Accounts Receivable Finance
    The Accounts Receivable Financing works the same way as factoring except that it is a legal assignment on the company's book debts with a floating charge on the company's stocks. Also it is on a non-notification basis. Therefore your customers are unaware of the financing arrangement and you only need to hand over all the payment collected.
     
    FAQ
    Read our FAQ on SME Loan.
     
    Enquiry Form
    Fill up our online enquiry form and we will contact you shortly.
     
    Contact Information
    For more information and enquiries, you can contact us at tel: 1800-3388 338.