Factoring Loans in Singapore
Factoring loans, also known as factoring receivables, is a financing option that empowers you to improve your liquidity with your unpaid invoices. Unlock your invoices into cash and receive up to 90% of the invoice value today.
How Can Factoring Loans Help Your Business?
Factoring loans or SME working capital loans are designed to address short-term operational needs, covering day-to-day expenses like payroll and inventory. They are focused on maintaining the immediate financial health of small and medium-sized enterprises without necessitating extensive collateral.
Benefits of Factoring Loans
Here are a few common reasons why SMEs applied for factoring loans:
- Suitable for SMEs Without Credit History: Instead of relying heavily on the borrowing company's creditworthiness, this type of loan primarily considers the creditworthiness of your customers. This makes factoring a viable option if you run an SME and are looking for working capital without an extensive credit history.
- Improved Working Capital: By converting accounts receivable into cash, factoring loans can enhance your SME's working capital position. This liquidity can be used to cover operating expenses, invest in growth opportunities, or address short-term financial obligations.
- Risk Mitigation: Factoring loan transfers the credit risk of non-payment from your business to the factoring loan provider. The loan provider assumes the responsibility of collecting payments from customers, reducing the business's exposure to bad debts.
- Focus on Core Operations: By outsourcing the accounts receivable management and collections process to the factoring loan provider, you can focus more on your business’s core operations and strategic initiatives.
Why Factoring Loans?
Customisable according to business needs
No minimum business operating time
For Singapore-Registered Businesses
Minimum 30% shares held by Singaporean or PR Director
Facility limit of up to $3M
Up to 90% of invoice value
Loan tenure up to 180 days
High-risk industries accepted (eg. construction, marine, manpower, services)
Early-stage funding available for construction industry
Participating Financial Institution of
Apply for a Factoring Loan
You can apply for a factoring loan by contacting us through the below form to help you get started on the application process.
Bridge the Financial Gap with GB Helios
At GB Helios, we help SMEs in Singapore gain access to working capital - short-term funding solutions to cover operations, supply costs or even rental costs. Talk to us to apply for our Factoring or for a complimentary consultation on a tailored financing plan for your business, which may include other loans for businesses - such as Unsecured Term Loans or Payables Financing in Singapore.
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