Everything about Finaxar
How can Finaxar help me?
- Besides Accounts Receivable Financing (factoring ARs), does Finaxar provide Project Financing?
- What kind of financial products do you provide?
- How much time and money can my business save?
- Why should I engage Finaxar's service when there are other financial institutions and banks offering factoring?
- How can I be certain that Finaxar will treat my customers well when they are contacted?
- Besides purchasing Accounts Receivable (factoring ARs), does Finaxar provide Purchase Order ("PO") financing?
- Which Finaxar financing product is beneficial for my company?
- What is Receivable Financing?
- How is Receivable Financing different from a bank loan?
- Why use Receivable Financing?
- What are the types of Receivable Financing that Finaxar provide?
- What is a Finaxar Credit Line?
Pricing and Terms
- 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?
- How are my payments structured for Finaxar Credit Line?
- What happens if I can’t make my payment on time?
- Can I make early repayments?
- If I give credit terms of 30 days to my debtor/customer, but they only pay 60 days after my credit term, will my debtor/customer be penalised by Finaxar?
- Can my debtors/customers pay Finaxar through its app?
- How often will my customers/debtors receive payment reminder letters from Finaxar?
Applying for financing
- What type of securities or collaterals do I need to provide to get financing?
- What are the documents needed for assessment of my company?
- Does my personal or business guarantee the loan that I get from Finaxar?
- How long does it take for Finaxar Credit Line to be approved and disbursed?
- What happens if I do not qualify for Finaxar Credit Line?
- Why might my application be rejected?
Getting Finance on Finaxar's App
- I already have an existing accounting package. How can Finaxar's services boost my business? And how much technical support do I need?
- Hours for Support
- If my debtor/customer e.g. PSA Singapore is using their own portal for billing invoices, how will you handle our invoices?
- Do I have to submit physical invoices to Finaxar? Or can we send invoices in digital form?
- Can I add my colleagues to Finaxar's platform?
- What's the difference between Admins and Users in Finaxar's app?
- How often do I need to sync data from Xero to Finaxar? Finished
- What will happen to my Xero account after integrating with Finaxar?
- Can I connect all the organisations in my Xero account to Finaxar's app?
- How often do I need to sync data from Xero to Finaxar?
- How to attach documents to your invoices in Xero