Export Factoring and Accounts Receivable Financing Services
Unlock Cash Flow with Export Factoring: Finally a Solution for Foreign-Owned Businesses
Accessing financing in Singapore has become increasingly difficult, particularly for foreign-owned businesses that do not meet the minimum 30% local shareholder requirement. This limitation often restricts their eligibility for various funding options and government-backed schemes.
However, export factoring and accounts receivable financing offer viable alternatives for foreign businesses looking to improve their cash flow. These services allow businesses to unlock working capital by selling their invoices, bypassing the need to meet strict local shareholder requirements.
For companies engaged in international trade, especially those operating in commodities, manufacturing, and export sectors, export factoring provides a flexible financing solution that helps overcome the traditional barriers to securing funding in Singapore.
If you’re seeking to optimize your cash flow and manage your receivables efficiently, export factoring and accounts receivable financing could be the solution for your business.
These services allow you to focus on growing your operations without worrying about payment delays. Below, we outline the key features of our export factoring and financing offerings, tailored for businesses engaging in international trade.
Service Overview:
- Invoice Purchase: We buy invoices from the seller, providing immediate cash flow.
- Financing Limit: Determined by the buyer’s creditworthiness as evaluated by our credit insurance partner.
- Interest Rate: 8-12% p.a. USD, inclusive of credit insurance.
- Overseas Buyers: Available for buyers in India, Indonesia, Malaysia, Vietnam, and Thailand (payments via LC required).
- Eligibility: Non-Singaporean shareholders and companies not based in Singapore are welcome.
- Financing Limit: Up to $20 million per client.
- Turnaround Time: Typically around 3 weeks.
Ideal Businesses for Factoring:
These services are ideally suited for:
- Wholesalers, Suppliers, and Distributors
- Manufacturing companies
- Exporters
- Service Providers with credit terms
- Companies involved in commodities, mining, and coal trades
Checklist for Submission:
- Complete client company information.
- Detailed information on at least 5 debtors.
- LC details including Bank and SWIFT code.
- Confirm payment terms and Incoterms.
- State expected and current turnover for factorable invoices.
- Specify the credit limit requested.
Information Required for Preliminary Checks:
To get started, we require the following information:
1. Client Company Information:
- Company Name:
- Address:
- Person in Charge:
2. Client’s Debtors Information: (Provide details for at least 5 debtors)
- Name of Company:
- Address:
- Registration Number:
- Person in Charge:
- Office Number:
- Website (if available):
- Expected Turnover for Factorable Invoices (p.a.):
- Current Turnover for Factorable Invoices:
- Incoterms:
- Payment Terms:
- Credit Limit Request:
Disclaimer:
The information provided in this post is for general informational purposes only. SE Asia Consulting Pte Ltd does not directly offer export factoring or accounts receivable financing services but acts as a facilitator between businesses and a third-party finance company. Any decisions regarding financing should be made after consulting with a qualified financial advisor or directly with the finance provider. SE Asia Consulting Pte Ltd may receive a commission for facilitating successful connections between businesses and the finance company. We are not responsible for the terms, conditions, or outcomes of any agreements entered into between businesses and the finance company. For specific inquiries, please contact us through our website.