Factoring-i (Bai’Dayn)
You can consider factoring financing if you are seeking to improve your company’s financial stability and cash flow. More and more businesses worldwide are using modern financing solutions to settle their trade transactions, and factoring is one of them.
Factoring can help you manage the business’ trade debts by selling your receivables, generally owed on short terms, for cash to a ‘factor’.
Factoring can help you manage the business’ trade debts by selling your receivables, generally owed on short terms, for cash to a ‘factor’.
Key Benefits From Factoring
Key benefits from factoring include consistent cash flow, reduced credit risks and lower administrative costs. Such benefits allow you to concentrate on growing your business’ core activities without worry – particularly if you a SME (small and medium-sized) business owner.
At FinansCap, we provide professional assistance with regards to credit control, collection, and sales accounting. With over two decades of experience serving various domestic and international companies in different industries, we can match your credit requirements with our solutions. As your financier partner, we will work closely with you to meet specific financial goals or needs for your business.
Our Competitive Services
Financing of up to 90% from invoice amount or contract.
Acceptance of invoice or contract amount from as low as RM2,000.
Providing immediate funds and helping to improve cash flow.
Factoring fee from as low as 1% flat on invoice amount, and Initial Payment Charge from as low as 9% per annum.
Our rates are competitive with flexible terms, and initial approval process is fast.
How to Apply
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Step 5
Step 1
Receive written confirmation (Letter of Offer, Letter of Award, signed contract) from the Government or GLCs on award of project.
Step 2
Upon completion of project, prepare the following documents.
- 3 copies of Delivery Order (DO) and Invoice – to be submitted to FinansCap for stamping and verification.
- 3 copies of Bai’ Dayn Confirmation – signed by the contract awarder.
Step 3
Compile and submit the following documents to the Government or GLCs, and request for acknowledgement of receipt.
- Delivery Order (DO)
- Invoice
- Bai’ Dayn Confirmation
Step 4
Compile and submit the following documents to FinansCap.
- Second copy of the original Letter of Offer (LO)
- 1 copy of Delivery Order (DO), and 1 copy of Invoice stamped by FinansCap’s Notice of Assignment and duly acknowledged by the Government or GLCs
- 1 copy of Bai’ Dayn Confirmation
Step 5
Upon receiving the documents, FinansCap will process the payment on the same day.
*Subject to completion of all documents submitted. Terms and conditions apply.
Let our team of experienced and dedicated finance specialists advise and help you obtain the right funding for your business needs.
Fill out the form below now!