Payables Financing
Also known as Supplier Financing, this financing solution allows buyers to extend payment terms while providing suppliers early payment with their invoices.
Why Payables Financing?
Financing to pay suppliers
Suppliers can be based locally or overseas
Payables can be for employees’ CPF contribution, foreign workers’ levy (applicable for certain industries) etc
For Singapore-Registered Businesses
Minimum 30% shares held by Singaporean or PR Director
Facility limit of up to $500K
Up to 100% of suppliers' invoices
Loan tenure up to 90 days
Participating Financial Institution
"As a small business owner, I was struggling to manage my cash flow and make sure all my bills were paid on time. That's when I learned about payables financing, and it was a total game-changer for me. By using payables financing, I was able to get an advance on my outstanding invoices, which helped me cover my expenses and keep my business running smoothly. It was such a relief to have access to funding without having to go through the long, complicated process of getting a traditional loan. Plus, the repayment terms were flexible and worked with my business's cash flow. I would definitely recommend payables financing to any business owner looking for a way to manage their cash flow and keep their business running smoothly."
David Ong
Sales Manager, SG CAR CHOICE
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