Finaxar offers a range of financial services to suit different business' needs. The table below summarises what we provide.
Products | Receivable Financing | Finaxar Credit Line | Growth Capital Financing |
About |
Turn your unpaid invoices into working capital funds. | A line of credit to meet your daily business financing needs. | Funds to support your business growth without losing equity. |
Who should apply? | Companies with >30 days of unpaid invoices from customers. | Companies who sell to consumers or with unpaid invoices < 30 days. |
Suitable for companies with business expansion plans. |
Credit Limit | Up to S$1M. | Up to S$500,000. | Up to S$1M. |
Interest Charges (*subject to credit assessment) |
1% - 1.5%* per month | 1% - 2%* per month | 1% - 1.5%* per month |
Repayment Tenure | 30-120 days | Up to 6 months | Comfortable and flexible repayment plans which are based on forecasted revenues |
Eligibility | 12+ months company operations and sales | 6+ months company operations and sales | 12+ months company operations and sales |
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