Factoring & Invoice Financing
Factoring, also known as invoice financing or account receivables factoring, is a smart financing solution that empowers you to unlock the cash flow hidden within your unpaid invoices. Instead of waiting weeks for payment, convert your invoices into immediate cash and receive up to 90% of their value today. Invoice financing in Singapore can be the key to fuelling your business growth.
Benefits of Factoring & Invoice Financing
Unlock growth and seize opportunities with the power of account receivables factoring. Here's why businesses choose factoring:
- Suitable for Businesses Without Extensive Credit History: We get it – not every business has a long credit history, especially if you’re a Small or Medium Enterprise. Traditional loans often rely heavily on your business's credit score, but with factoring, the focus shifts to your customer's creditworthiness. This makes it an ideal solution for newer businesses or those with limited credit history looking to access funding and propel their growth.
- Fuel Growth with Improved Working Capital: Don't let delayed payments hold you back. Waiting 30, 60, or even 90 days for customers to pay can cripple your cash flow and stifle your ambitions. Factoring inject immediate liquidity into your business, converting your invoices into cash. This gives you the financial firepower to cover expenses, invest in new opportunities, and navigate short-term financial challenges.
- Mitigate Risk and Focus on What Matters: Chasing late payments can be a drain on your time and resources. Factoring takes the weight off your shoulders. By transferring the risk of non-payment to us, you free yourself from the burden of debt collection. This allows you to focus on what truly matters: growing your business, innovating, and delighting your customers. Reclaim your time and energy, and let us handle the financial complexities.
Why Choose Our Factoring
Customisable according to business needs
Facility limit of up to $3M
Up to 90% of invoice value
Financing tenure up to 180 days
High-risk industries accepted (eg. construction, marine, manpower, services)
Early-stage funding available for the construction industry
Participating Financial Institution of
Eligibility
Partnering with you is important to us. That’s why we designed our eligibility criteria for factoring loans to be as straightforward as possible:
Singapore-Registered Businesses
Minimum 30% shares held by Singaporean or PR Director
No minimum business operating time
How Does it Work?
Factoring provides a lifeline for businesses needing fast access to cash. The beauty of it? It eliminates the frustrating wait for customer payments, injecting vital funds into your business exactly when you need them.
It's a simple concept: you leverage your outstanding invoices as collateral. Instead of chasing payments, you receive a percentage of the invoice value upfront from a factoring company like GB Helios.
Applying for Factoring with us is simple. Simply email us at talktous@ghhelios.com.sg and receive tailored factoring solutions for your account receivables.
Application and approval
The application will typically require information about the business, including financial statements and accounts receivable aging reports. Our expert team swiftly verifies your invoices and assesses your customer's creditworthiness.
Sale of accounts receivable and financing
Once it is approved, the business will sell its accounts receivable to us at a discounted rate, typically around 90% of the face value directly, allowing you to fulfill your orders and maintain positive relationships with your suppliers.
You maintain control and continue to nurture your customer relationships while we handle the collection process.
Once your customer pays, you receive the remaining balance, minus our competitive fee, completing the cycle and maximising your cash flow.
Bridge the Financial Gap with GB Helios
At GB Helios, we're not just another financial institution – we're your partners in growth. Factoring just the tip of the iceberg. We offer a range of innovative funding solutions, including, start-up loans in Singapore and business property loans designed to catapult your business forward. Connect with us today for a complimentary consultation, and chart a course for your success.
Frequently Asked Questions About Factoring
Factoring fees vary depending on factors such as the volume of invoices factored, the creditworthiness of your customers, and the terms of the agreement. We believe in transparency and will provide you with a clear breakdown of fees upfront.
The amount you can borrow through factoring depends on the value of your invoices and your business's needs. We offer flexible facility limits of up to $3 million, allowing you to access the funding you need to fuel your growth.
We can factor a wide range of invoices, including those for goods and services. We work with businesses across various sectors, including those considered high-risk, such as construction, marine, manpower, and services.
Our streamlined invoice financing process ensures quick access to funds. Once your invoices are verified, you can typically expect to receive funding.
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