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Rapid Invoice Financing for Singapore SMEs: Up to $500,000
Invoice financing allows businesses to get paid early and receive up to 80% of your invoice amount, to increase cash flow that might otherwise be trapped in unpaid invoices due to payment terms or delayed payments. It is an affordable, cashflow-friendly solution for SMEs who require a capital injection for a short period of time.
To qualify, your business must be registered on ACRA. You need an operating history of at least 2 years, and a minimum annual revenue of at least SGD 500k. To benefit from Invoice Financing, your business should ideally be offering 30 – 120 days’ payment terms.
It’s easy to get started, SMEs will simply need to send in a few documents to apply:
a. Bank Statements (past 6 months)
b. Financial Statement/ Management Account (past 1 year)
c. Credit Bureau Statement (past 1 month) of Personal Guarantor(s)
d. Notice of Assessment (past 1 year) of Personal Guarantor(s)
*Required application documents may vary on application based on the financing request
Your business is eligible if you are a Singapore company, that is:
*Terms of offer: Provide (registered name Insur-Asia Pte Ltd) is not engaging or being involved in the distribution or sale of any financial product or assuming any risk or undertaking any liability in respect of any financial product. The offer appearing on this website are from companies from which Provide receives compensation.
This offer is valid only for the first loan placed from Validus. Customers who have previously borrowed from Validus are excluded. This offer is only valid till 31 December 2020. Validus and Insur-Asia Pte Ltd (brand name “Provide”) reserve the right to amend these terms and conditions any time, without prior notice.
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