Factoring
Advanced Cash up to
90%
of Accounts Receivable
Factoring Details
Factoring
Credit Limit | Subject to Due Diligence |
Tenor | Maximum 90 days |
Interest Rate | Minimum 6.5% per annum |
Qualification | Juristic Person who runs business more than 1 year |
*Conditions are subject to comprehensive consideration.
Product Description
Factoring provides working capital and liquidity solution for your business. Siam Saison will make payment in advance up to 90% of the accounts receivable to you after receipt of the delivery note and invoice, whereby the remaining of the account receivable will be transfered to your account once the buyer makes the payment to Siam Saison.
*Structure and scheme are subject to due diligence.
Key Benefits
Manage working capital and liquidity enhancement easily and effectively
No need for collateral
Accounts receivable collection services, which is time-saving and cost-efficient
How to Apply
Approval Period
Within 7 business days after documentation completed
How to Use
- Deliver products and/or services to buyer
- Receive cash from Siam Saison in minimum of 3 business days after receipt of the delivery note and invoice
(up to 90% of accounts receivable) - After buyer’s payment to Siam Saison confirmed, receive the remaining accounts receivable
- Copy of company affidavit certificate and copy of the corporate objectives (within 6 months)
- Copy of National ID of managing director, juristic person’s authorized signatory
- The Certificate of Value Added Tax registration (Por.Por.20)
- Map of business location
- Copy of National ID (System user)
- Business site (Shop, Office) photo with Shop name need to provide
- Transaction history data
*There will be additional requirements depending on the conditions and industrial features.
Where to Use Credit/Cash
Use for business propose
