Invoice financing has become a go-to solution for many SMEs in Singapore looking to ease short-term cash flow gaps without taking on traditional debt. As interest in this form of financing grows, so does the number of invoice finance providers.
To choose the best invoice financing company, you’ll need to assess your business needs and review their terms, processes, and overall service offering to determine whether they suit your requirements.
Here are the key things to check for when evaluating if a provider is the right fit for your business:
Covering day-to-day expenses can become challenging when customer payments are delayed, making timely access to funds all the more critical.
That’s why checking how fast the invoice financing provider can process your application and disburse funds should be one of your top priorities. Some can transfer the money within a day or two, which makes a real difference when cash flow is tight.
The faster the turnaround, the sooner you can get back to running your business.
For busy business owners, long application forms and in-person meetings can be a hassle. To simplify the process, work with an invoice financing provider that offers a fully digital application. This lets you apply on your own time, from anywhere, without stepping away from your office.
Beyond the application itself, it’s also important to consider how much documentation is required. Providers that keep things simple by asking only for what’s necessary can reduce delays and back-and-forth, making onboarding faster and more manageable.
One of the most important things to look at when choosing an invoice finance provider is how their fees and repayment terms are structured. These can affect how much initial funding you receive and how much you end up paying in the long run. Make sure everything is clearly explained upfront, with no hidden charges.
However, don’t just go with the first option you find. Compare invoice finance companies to see how their terms differ and choose the one that offers the best overall value for your business.
Different businesses have different needs and situations.
For example, if your customer can only pay after 90 days, you’ll want an invoice financing provider that can work with that timeline. Or if your invoice amounts vary, make sure the provider can support both smaller and larger values.
When a customer doesn’t pay on time, it can create setbacks, especially for small businesses that rely on steady payments to keep operations running smoothly. So, ensure you’re working with an invoice financing provider that offers non-recourse options.
This means the provider takes on the risk if your customer fails to pay, offering added protection for your business.
A financing provider’s background can tell you a lot. Those with years of experience, proper regulation, and backing from trusted institutions are more likely to offer reliable, long-term support.
It also means they’ve likely worked with businesses like yours, so they’ll understand your challenges and know how to support your needs more effectively.
Some financing providers offer more than just funding. They also include tools that help with tasks such as reviewing trade documents for those handling exports, checking for compliance issues, or monitoring invoice statuses.
These added features can make the process easier to manage and give you more confidence when dealing with customers, especially in fast-moving or unfamiliar markets.
While there are many financing options out there, Factorglobe stands out for its speed, reliability, and SME-friendly approach.
Here’s what makes us the best invoice financing provider in Singapore:
Factorglobe is powered by IFS Capital, a trusted financial institution listed on the SGX with over three decades of experience. This gives Factorglobe a strong foundation of credibility and financial expertise.
With a regulated, established institution behind it, you can feel confident knowing you're working with a platform that prioritizes security, trust, and long-term reliability.
Factorglobe offers fast invoice factoring and discounting, with up to 90% of your invoice value disbursed within 24 to 48 hours. That means you don’t have to wait weeks for payment.
It helps close cash flow gaps quickly, so you can stay on top of expenses or take on new work without unnecessary delays.
No in-person meetings, no piles of paperwork.
With Factorglobe, you can apply entirely online using just two things: your recent bank statements and trade documents. That’s all it takes to get started.
The process is straightforward, letting you stay focused on your business while we take care of the rest behind the scenes.
We understand that not every customer pays on the same timeline. Some settle quickly, while others may need a bit more time. That’s why Factorglobe offers flexible payment terms ranging from 30 to 180 days.
This means you can still unlock upfront cash, even on longer-dated invoices, without being limited by your customers’ timelines.
Chasing payments is stressful enough, and the thought of a customer not paying at all adds even more pressure. To ease that burden, we offer non-recourse financing. If your buyer fails to pay, we take on the risk, not you.
It’s one less thing to stress about while trying to manage your day-to-day operations.
Exporting comes with its fair share of paperwork and risks. Factorglobe’s built-in AI tools help you stay ahead. Just upload your trade contracts or invoices, and our tools will scan for issues like non-standard terms or compliance problems.
It’s a simple way to catch red flags early and avoid costly mistakes.
Dealing with overseas customers can get complicated, from navigating different regulations to managing cross-border paperwork. That’s why we offer export factoring in Singapore, tailored to support international trade.
We help you unlock upfront cash from global invoices while handling the compliance checks and administrative tasks so you can stay focused on expanding your business beyond borders.
Partner today with Factorglobe for flexible, reliable invoice financing in Singapore. From invoice factoring to discounting, you can count on us to deliver financing solutions that help keep your business moving.
Choose Factorglobe as your invoice financing provider today and get funded in as fast as 48 hours.
