My customers/debtors currently pay via Telegraphic Transfer (T/T) to us. How can I request my customers/debtors to update their bank transfer details to Finaxar's account?
How much does Finaxar charge for its services?
My company usually experiences a sale surge during peak seasons (eg. Chinese New Year and Christmas). Am I eligible for financing from Finaxar?
My application for financing my customer/debtor XYZ was recently rejected by Finaxar because there is a ban of assignment clause in my contract with XYZ. What should I do?
I have overseas customers eg. in Malaysia, Thailand, Indonesia. Will Finaxar accept these overseas customers for financing?
If I bill my debtors/customers only once a month, will I get advances only once a month?
Currently, I have a factoring facility with my bank. Can I still get financing with Finaxar?
I have a factoring facility with my bank. I was approved a $100,000 limit for my customer/debtor ABC, which is insufficient for my needs. Can I factor the remaining invoices from XYZ with Finaxar?
I purchased my supplies in USD and billed in SGD to my customers. Can I request Finaxar to fund me in USD instead?

I have a factoring facility with my bank. I was approved a $100,000 limit for my customer/debtor ABC, which is insufficient for my needs. Can I factor the remaining invoices from XYZ with Finaxar?

Arvind

February 01, 2019 06:18
Updated

Factoring invoices from the same customer with more than one financier

We strongly discourage factoring invoices from the same customer/debtor with 2 different financiers because:

The customer/debtor may be confused by the different payment instructions which will lead to confusion on payments, and
The financier(s) will have difficulty in tracking and reconciling the status of invoices from you, which will inevitably affect your cash flow negatively.

Comments

0 comments

Please sign in to leave a comment.