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FAQs for Invoice Financing
What is Invoice Financing
a. Invoice financing is a way for SMEs to borrow money against the amounts due from customers.
b. Ideal for businesses in need of consistent cash flow or cash up front, especially if most of their transactions are on credit terms.
Documents needed for Invoice Financing
a. Bank statements (past 6 months)
b. Financial Statement/Management Account (past 2 years)
c. Passport/NRIC of director(s) and shareholder(s)
d. Credit Bureau statement
e. Notice of Assessment
How to apply
a. Sign up on the registration page
b. Application process should be less than 15 minutes
c. We will get in touch with you
What are the interest rates?
a. Highly competitive rates
b. Among the lowest in the industry
Any Fees or charges
a. No hidden fees or charges
b. All-inclusive interest rates