Convert your invoices into funds of up to S$1M
Invoice Financing by GXS Bank turns your unpaid invoices into valuable cash flow for your business.
Now serving SMEs in Singapore.
Turn your invoices into immediate cash flow.
Stop waiting 90 days or longer for customer payments. Skip the wait of accounts receivables and receive funds with your invoice.
Advance up to S$1,000,000.
Receive a maximum of 80% of your invoice amount.
Affordable interest rates from 0.7% per month.
Take care of your cashflow needs with competitive interest rates and big loan limits. Government assisted schemes available.
Less paperwork. More business.
Our streamlined Invoice Financing application requires minimum documentation, so you can unlock the cash from your unpaid invoices quickly and without hassle.
Why SMEs choose this loan?
Invoice Financing can benefit businesses waiting on payment while costs keep coming. Here's how:
Access up to 80% of your unpaid invoice value upfront, eliminating long payment cycles that can stretch up to 150 days.
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Take on new business opportunities by turning locked-up cash into instant capital.
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Bridge the cash flow gaps between delivering work and getting paid for it.
How does Invoice Financing work?
Invoice your customer.
You share the invoice you want to finance with GXS Bank.
GXS Bank gives you up to 80% of the invoice value.
Customer pays the invoice amount to GXS Bank on the due date.
You receive the remaining balance.
Who is eligible?
Company (Pte Ltd)
Partnership (LLP)
Company (Pte Ltd)
Partnership (LLP)
*T&Cs apply.
Invoice Financing Calculator
(SGD)
*This computation is an estimate provided for reference only and does not constitute a financing offer or approval from GXS Bank. Actual interest rates, fees, and final terms are determined upon credit assessment and may differ from the figures shown. GXS Bank accepts no liability for reliance on these computations. Binding terms will be set out in your formal offer.
See how Greatsea Group found faster financing with GXS Business Banking.
Bridge the gap between billing and payment. Access up to 80% of your approved invoice value upfront, and receive the remaining balance once your customer pays in full.
Now serving Singapore private limited companies, Sole proprietorship and Limited Liability Partnerships (LLP) owned by a Singaporean or PR
GXS FlexiLoan Biz lets me manage my operating cashflow, and having GXS Biz Account assures my corporate clients that their payments to me are going to a credible and secure account.
Getting higher interest rates from my GXS Biz Account is great, and it works seamlessly with my Grabpay to receive payment from my customers.
I was looking for an alternative business account with no charges for transactions, and chose GXS Biz Account because of its ease of use and daily interests.
GXS FlexiLoan Biz lets me manage my operating cashflow, and having GXS Biz Account assures my corporate clients that their payments to me are going to a credible and secure account.
Getting higher interest rates from my GXS Biz Account is great, and it works seamlessly with my Grabpay to receive payment from my customers.
I was looking for an alternative business account with no charges for transactions, and chose GXS Biz Account because of its ease of use and daily interests.
GXS FlexiLoan Biz lets me manage my operating cashflow, and having GXS Biz Account assures my corporate clients that their payments to me are going to a credible and secure account.
Getting higher interest rates from my GXS Biz Account is great, and it works seamlessly with my Grabpay to receive payment from my customers.
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Now serving Singapore private limited companies, Sole proprietorship and Limited Liability Partnerships (LLP) owned by a Singaporean or PR
Got questions?
We got answers.
What are the eligibility criteria or requirements for Invoice Financing?
We finance Singapore private limited companies or limited liability partnerships (LLP) registered with ACRA. The invoice financing loan approval outcome will depend on the assessment of our credit and risk teams. To benefit from invoice financing, it’s essential that your business should be offering up to 120 days payment terms.
What documents are required to apply for Invoice Financing?
For Disclosed Invoice Financing:
- CBS of guarantor(s)
For Non Disclosed Invoice Financing:
- 2-year Financial Statements
- 6-month Bank Statements
- CBS of guarator(s)
- Order Book or Ageing Report
*Additional documents may be required on a case-by-case basis.
How does Invoice Financing work?
After invoicing their buyers, SMEs can submit their verified accounts receivables to GXS Bank when they apply for our invoice financing. Once approved, GXS Bank then disburses up to 80% of the invoice amount to the SME. After the buyer makes payment to GXS Bank on the invoice due date, we will send the SME the balance amount, minus interest payable.
How much funding can I get?
You could get up to S$1 million, a maximum of 80% of your invoice amount when you apply for invoice financing. However, loan amount, interest rates and disbursement fee for any finance or loan request may vary and are subject to assessment by GXS Bank. Please reach out to our professionals to get a more accurate quote.
Will suppliers or debtors be aware that my business is getting financing from GXS Bank?
Disclosed invoice financing, or invoice factoring, is a transparent arrangement between the business, the invoice financing loan provider (the invoice factoring company), and the business’s client. In a disclosed arrangement, the business’s customers are informed about the financing arrangement, and they channel their payments directly to GXS Bank (the invoice factoring provider).
For undisclosed invoice financing, suppliers or debtors will typically not be aware that your business is obtaining financing from GXS Bank, or any other invoice financing provider unless you, as a business owner, choose to disclose this information to them.
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Need Assistance?
GXS Bank holds a banking license and is regulated by the Monetary Authority of Singapore. GXS Business Banking operates under GXS Bank to provide financial products and services to enterprises. GXS Bank is a separate entity and is not associated with the businesses of Grab, Singtel, or their entities.
Approval of your application for GXS Business Banking products and services is subject to the receipt of all supporting documents, review, and processing time. GXS Bank reserves the right to approve or reject applications without providing reasons. Late interest charges may apply for late repayment. Loans are subject to periodic review and may be cancelled at the discretion of GXS Bank.
Deposit Insurance Scheme: Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.
Full Terms and conditions apply, please visit:
Business Account Terms here.
GXS FlexiLoan Biz Terms here.
Biz Ecosystem Terms - Grab here.
Biz Ecosystem Terms - Singtel here.
Terms and conditions governing GXS Business Banking Campaign here.
GXS SME terms and conditions, click here.
