Invoice and Purchase Order Financing or PO Financing is a type of business loan offered by banks and lending institutions towards the purchase of goods and resources which the business needs to execute a project. Any Singapore company which has been awarded a Purchase Order can apply for this type of business loan.
Lending institutions will usually offer a loan amounting to 50% of the Purchase Order value. A justification document is a key requirement for this type of loan, which can be provided by Finnacle.
The financing specialists at Finnacle can find you a business loan in quick time, with full documentation guidance and at a dependable success rate.
Finnnacle's Loan Approval Success Rate
1. We know the lenders and eligiblity criteria
Capital financing can be a tricky affair. Finding the right lender and loan product can be as confusing as the documentation requirements and eligibility criteria for business loans. We will help you navigate the process seamlessly.
2. We have direct contact with the lenders
Our financing experts has extensive experience in working directly with all the leading lenders in Singapore such as Standard Chartered, Bank of China, DBS, Maybank, UOB, BEA, OCBC, CIMB, Citibank, RHB, ORIX, HONG LEONG Finance and SINGAPURA Finance.
3. We know the numbers as well as the paperwork
Navigating the sea of paperwork requirements such as bank statements, financials, identification documents etc. is one thing. Finding the right lender and loan product with the friendliest interest rate is all together another thing. We can find you the right business loan at a rate as low as 3%.