Advantages of Factoring (Invoice Financing):
At a glance
• Financing to settle supplier’s invoice under open account* terms.
• We extend your credit term in addition to the credit term given to you by your supplier.
Designed for
• Buyers who have established relationships with their suppliers and prefer to trade on open account
terms.
• Buyers were looking to improve their cash flow.
Funding Overview
Loan Quantum | Up to 90% of invoice value |
Interest Rate | 6.75% – 9.00% p.a. |
Processing Fee | Up to 2.00% |
Repayment Period | Usually 30 – 60 days on top of credit term given. |
How it works
Your benefits
Our solutions
• In order to save on foreign exchange conversions, pay your suppliers in their local currency. • Trade in different markets with ease. |
• Financing of invoices in different currencies. |
• Save time from attending trade Counters/branch. • Enjoy faster processing turnaround the time when you apply online. • Be in command of your cash flow with notification on loan disbursement & reminders on loan settlement. |
• Useful online services: – Submit applications via DBS IDEAL Trade or SmartForm. – Present settlement instructions via IDEAL Trade. – Receive instant notification when your loan is disbursed, with an option to be notified via email, fax, or SMS. – Receive automated reminders on your financing settlement due date. |
• Ease of getting financing. | • Needs simple documentation – invoice & transport documents to apply for financing, subject to the existing credit facility. |
• Unlock working capital from invoices. | • We stretch your credit term based on your trade cycle. |
• Increase cash inflow to grow your business. |
• We fund up to 100% for the purchase of your goods. |
• Strengthen your relationship with your suppliers. |
• Prompt payment to your suppliers. |
*Open account trade refers to trade transactions within a seller & a buyer that is not supported by any banking or documentary trade
instrument allotted on behalf of the buyer or seller.
Start Your Application Today!
We help our customers get the proper financial assistance by objectively evaluating their business profile & documents before finding the best financial institutions to give them the highest loan approval odds.
We also try to get the most suitable deal for our clients by looking for the cheapest interest rates in the market, but this could still differ depending on the company’s financial standing & profile.
If your company cannot qualify for a loan, we also advise on what areas you can improve to be eligible in the future.
Get started in 4 easy steps.
- Fill up the form & submit
- Engaged by our designated consultant
- Consultant presents on the proposed business solution
- Get your funds upon approval
How It Works
- In receiving your inquiry, our assigned Business Consultant will get a summary of your business finance.
- The assigned Business Consultants will brief you on the application process, the best-suited solution, and credit facilities for your company based on your needs during the scheduled appointment.
- We will assist you with the whole process of your application until approval & disbursement.
- During the procedure, they might ask for additional documentation required to aid in the application’s approval.
- For the evaluation, submission, negotiation, and approval of your application, please allow 2 to 4 weeks*.
• If approved, disbursement takes about 3-5 working days upon signing the Letter of Offer.
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What makes us different
Why we are different
How it helps you
• A specialist team of trade practitioners to guide on the solutions. |
• Structure your financing infrastructure for imports around your business cycle, to guarantee the terms meet your business needs. |
• Best-in-class cut-off time for submission of application settlement. |
• More time to submit applications for funding |
•We offer a large variety of currencies to help sellers to save on foreign exchange converts in their local currency. | • Invoice financing in different currencies. • Trade in various markets with ease. |
• an entirely digitized solution with IDEAL Trade. |
• IDEAL Trade allows you to manage your needs seamlessly across the different stages of your trade cycle – from order & production to shipment, delivery, and settlement. • It will allow you to submit a trade application conveniently & supporting documents online and keeps you informed of the application status via reports and advice. |
Disclaimer & Important Notice
All rights reserved. The applicable laws, regulations, and service conditions govern all services. Not all products and services are available in all geographic areas. Qualification for particular products and services is subject to final determination by FR Capital and its affiliates/subsidiaries.
Contact Us
About FR Capital
FR Capital is a Singapore consultancy firm that helps SMEs to secure business loans from banks and financial institutions. We concentrate on SME finance, and through our expertise and network, we help clients secure funding with low-interest rates efficiently and hassle-free.