Payables Financing
Payables financing enables businesses in Singapore to secure loans based on the outstanding amounts from their customers.
Also known as supplier financing, this payables financing solution allows buyers to extend payment terms while providing suppliers with early payment with their invoices. This helps businesses maintain strong relationships with suppliers while optimising their own cash flow.
Why Should Businesses In Singapore Choose 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
How does Payables Financing / Supplier Financing Work
- Suitable for: SMEs, Large Enterprises, Retailers, Manufacturers, Importers, Exporters, Businesses with complex supply chains.
Payables financing works by allowing a business to extend its payment terms while giving its suppliers the option to receive early payment.
After a supplier submits an approved invoice, the financing provider pays the supplier on the buyer’s behalf, typically at a small discount. The buyer then repays the financing provider at the later, agreed-upon due date.
This structure improves the buyer’s cash flow, provides suppliers with faster access to funds, and strengthens overall supply chain stability. It is a strategic financing solution that supports liquidity, enhances supplier relationships, and enables smoother operational planning for all parties involved.
Industries Suitable For Supplier Financing
Our payables financing is a versatile solution embraced by various industries in Singapore. From retail and F&B, who need to manage seasonal inventory to construction and manufacturing dealing with large material orders, supplier financing bridges the gap between payables and receivables. It's also highly beneficial for businesses in transport & logistics, security & manpower services, and other sectors with dynamic cash flow needs.
How to apply
Apply for our payables financing in 3 steps:
Submit your documents
This process typically involves providing information such as the name, address, contact details, and payment terms.
Agree to terms
You will need to agree to the terms of the payables financing arrangement. This will typically include the amount of the financing, the interest rate or discount rate, and any fees or charges associated with the financing.
Receive your money
Once approved, we’ll pay your supplier, ensuring seamless cash flow.
Frequently Asked Questions About Payables Financing
- Optimised Cash Flow: Foster a healthy cash flow for your business, ensuring liquidity when you need it most.
- Stronger Supplier Relationships: Pay your suppliers on time, every time, building trust and securing favourable terms.
- Improved Supply Chain Efficiency: Reduce friction in your supply chain by ensuring timely payments and smoother operations.
- Improved credit rating: Allows your business to improve credit rating and potentially gain access to more favorable financing terms in the future.
- Reduced Risk: Mitigate the risk of late payments and potential disruptions to your supply chain.
The tenure of each loan draw is up to 90 days.
- Latest 2 years financial statements
- Latest aging list (payable and receivables)
- Latest 6 months bank statements
- Director(s) and Shareholder(s) NRIC or Passport, latest 2-year NOA and CBS report
- Supplier payment trail
Additional documents may be required. This is determined on a case-by-case basis. Our team will reach out to you once your application is received.
Fees for payables financing vary depending on factors like the facility limit, loan tenure, and your business's creditworthiness. Contact us for a personalised quote and a transparent breakdown of costs.
Yes, we accept invoices from suppliers who are based overseas. Speak to us about the currencies we accept.
We strive for fast and efficient approvals. Our streamlined process ensures you can access the funds you need quickly. Contact us to discuss your requirements and get a personalised timeline.
No, we do not issue Letter of Credit, but we can help you pay your suppliers directly.
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Disclaimer: The information provided on this page is for general informational purposes only and does not constitute financial, legal, or professional advice. While we make every effort to ensure the content is accurate and up to date, GB Helios accepts no responsibility for any loss or liability that may arise from reliance on this information.