Compare Invoice Financing

Turn unpaid invoices into immediate cash. Advance 70-90% of invoice value, typically within 24-48 hours.

70-90% Advance rate

1-3 Days to funding

0.7-1.5% Monthly rate

Browse All Options ↓

How much do you need?

S$100,000

S$10,000 S$500,000

Business Name

First Name

Last Name

Phone

Postal Code

By submitting, you agree to be contacted by our lending partners. Your information is secure and will only be shared with matched lenders. Privacy Policy

Editor's NotesOptional background reading — skip if you just want the comparison

Late-paying customers are not a minor annoyance in Singapore right now, they are a working capital problem, and pretending a term loan solves that usually creates a different problem a few months later.

SCCB put Singapore’s late payment ratio at 44.41% in Q2 2025, close to the worst reading in four years. Across full-year 2025, the average was 44.33%, which means more than four in ten payment transactions were delayed. Atradius found overdue invoices were affecting 35% of B2B sales, roughly one in every three dollars you expected to collect from business customers.

View moreShow less

That is the backdrop where invoice financing starts to make sense.

The basic structure is simpler than many owners expect. You issue an invoice to a business customer, a financier advances part of that invoice value, then you receive the balance after your customer pays, minus fees. In Singapore, advance rates usually sit between 70% and 90%. On a S$100,000 invoice, that means access to S$70,000 to S$90,000, often within 24 to 48 hours once the facility is approved.

Speed is the whole point here. If supplier payment is due Friday, payroll runs next week, and your customer insists on 60-day terms, waiting politely is not a financing strategy. Providers such as Poss Capital and Silver Crest Finance market funding within 48 hours of approval, while bank options like OCBC can offer up to 80% advance rates with fees from 0.25% per month.

Who does this fit best? Businesses that sell to other businesses, issue clear invoices, and keep getting squeezed by long payment cycles rather than weak demand.

Construction is an obvious example because progress claims move slowly and payment certification can drag. Staffing agencies fit because they pay workers weekly or monthly while clients may settle after 30 or 60 days. Wholesale and distribution businesses often need to restock before old invoices clear. Logistics firms have the same issue when fuel, rental, and wages leave the account long before customers pay.

I get why this appeals to these sectors. The facility rises and falls with actual invoices, which makes it a closer match to the problem than borrowing a fixed lump sum and hoping timing sorts itself out.

Consumer businesses are usually a poor match, and not because they are less deserving of funding. Invoice financing is built for B2B receivables. If you run a retail shop, an e-commerce brand, or an F&B outlet, there is usually no qualifying invoice owed by a corporate debtor. Your cash flow problem may be real, but this tool is built around invoices, debtor quality, and payment terms between businesses.

There is also a strategic difference between invoice financing and a term loan that owners should not blur. If you are opening a second warehouse, buying equipment, renovating a clinic, or hiring ahead of expansion, a term loan is usually the better fit. Those are longer-horizon uses. Invoice financing is self-liquidating, tied to a receivable that should convert into cash, and it generally does not sit on the balance sheet like a conventional loan.

That distinction matters when owners try to use one product to do another job. Bridging a slow-paying customer with invoice finance is sensible. Funding a six-month expansion plan with rolling invoice advances is a more expensive way to stay anxious.

For larger trade needs, especially where imports, export cycles, or structured trade facilities are involved, EFS - Trade Loan can be the better route. Budget 2025 permanently doubled the EFS - TL limit to S$10 million per borrower from 1 April 2025, which is a very different scale from the cash gap most firms are solving invoice by invoice. The scheme can cover letters of credit, trust receipts, bill financing, and invoice financing, with tenure up to one year.

So the right question is not whether invoice financing is good or bad. It is whether your problem is delayed B2B collections, from creditworthy customers, on invoices a financier will recognise.

If that sounds like your business, invoice financing can be exactly the right tool. For most Singapore SMEs, especially in construction, staffing, wholesale, and logistics, the appeal is not clever structuring. It is getting paid enough, fast enough, to keep operating while customers take their time.

Lender	Product	Max Amount	Term	Rate	Fees	Speed	Action
GXS Capital	Invoice Financing	S$1,000,000	30–120 days	0.7%–1.0%/mo ≈8%–12% p.a.	2% processing	1 days	Details
GXS Capital	Purchase Order Financing	S$1,000,000	30–120 days	1.0%–1.5%/mo ≈12%–18% p.a.	2% processing	1-3 days	Details
Funding Societies	Invoice Financing	S$500,000	30–120 days	0.8%–1.5%/mo ≈10%–18% p.a.	3% processing	3-5 days	Details

Invoice financing rates are typically quoted as monthly discount rates. Use our APR calculator →

How Invoice Financing Works

In Q2 2025, 44.41% of B2B payments in Singapore were delayed. If you have already done the work and your customer is taking 30, 60, or 90 days to pay, waiting can cost more than the financing fee — and invoice financing can release funds within 48 hours.

1. Submit Invoice

Upload your B2B invoice with customer details and payment terms.

2. Get Advance

Receive 70–90% of invoice value within 1–3 days.

3. Customer Pays

Your customer pays the invoice to the financing platform.

4. Receive Balance

Get remaining balance minus fees once payment clears.

Best for B2B firms with creditworthy customers — construction subcontractors, staffing firms, wholesalers, logistics, and agencies. Usually a poor match for consumer retail. When is invoice financing the right fit? →

Invoice Financing vs Term Loans

Factor	Invoice Financing	Term Loan
Approval Based On	Customer creditworthiness (who owes you)	Your business creditworthiness
Personal Guarantee	Often not required or limited	Usually required
Impact on Balance Sheet	Not treated as debt (invoice is sold)	Shows as liability
Flexibility	Finance only when needed, per invoice	Fixed lump sum and schedule
Best For	B2B businesses with payment delays	Capital investment, growth funding

Requirements

What You Need

Singapore-registered business
B2B invoices (not consumer invoices)
Minimum S$300,000–S$500,000 annual revenue (varies by platform)
6+ months operating history
Creditworthy customers (not overdue or disputed)

Documents Typically Required

ACRA business profile
6 months bank statements
Invoice copies and proof of delivery
Customer contact details
Aging report (list of outstanding invoices)

Get Matched with Invoice Financiers

Share your details and we'll connect you with lenders who specialise in invoice financing for your industry.