Factoring
Factoring is a well-established means of providing companies with working capital. Very simply, our clients assign their accounts receivables to us in return for a cash advance of up to 90%. We undertake the task of collecting the receivables as and when they fall due and keep our clients informed of their account status. Not only does this service help our clients to increase their turnover, it also relieves them of the time-consuming tasks of sales ledgering and credit management.
Types of Factoring
IFS offers a full range of factoring services, including:
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Domestic Factoring: cash advances of up to 90% against your domestic receivables.
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Export Factoring: cash advances of up to 90% against your overseas invoices.
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Non-Recourse Factoring: factoring with credit insurance against bad debts. IFS will bear the risk should your debtors default on payment.
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With Recourse Factoring: factoring without credit insurance.
- Cross Border Factoring: factoring for clients and debtors located overseas.
For more information, please contact our Business Development Executives at
Tel : 6270 7711, E-mail : marketg@ifscapital.com.sg