F.A.Q

Invoice factoring, also known as receivables factoring, invoice discounting, and debtor financing, is a financial transaction in which a business sells its account receivable(invoices) to a third party(factoring company) at a discount.
  • Sole Proprietorship, Limited Liability Partnership(LLP) or Partnership, Private Limited(Sdn Bhd) or Public Limited
  • Registered with MOF
  • Invoice value minimum RM 10,000
  • Contract issued by Federal Goverment, State Goverment, Govement Linked Companies and selected Public Listed Companies
  • You can apply as soon as the contract awarded.
    You can factor the invoice upon following the criterias
  • The work/service done or progress work completed
  • Work done/Goods suplied
  • The claimed amount is accepted and approved by contract awarder
  • All other conditions fulfilled
  • Within 3 working days. Upon completion of our factoring facility and disbursment.
    Yes. Our financing service is shariah compliant. We follow Bai al Dayn bi al Sila. Under the tawarruq concept. Please refer here
  • Processing fee
  • Discount rate agreed upon application review
  • The discount rate will be dependent on the application review.
    Yes. We have a specific program called 'Second Chance '
    Register at our portal, and create your application there.
    Yes, contact us and we will help you.
  • Form 24
  • Form 44
  • Form 49
  • Form 32a
  • Form of annual return
  • Memorandum and articles of association
  • Audited financial statement(latest 3 years)
  • Bank statement(latest 6 months)
  • Mof registration certificate
  • Directors mykad
  • Company profile
  • Profile of directors, shareholder and key management team
  • Business registration form
  • ssm business & sole proprietor information
  • Management accounts-income statement and balance sheet(latest 3 years)
  • Bank current account statement
  • Mof registration certificate
  • Proprietor/partners mykad
  • Business profile
  • Profile of proprietor/partners and key management team
  • Certificate of registration llp
  • ssm llp information
  • Management accounts-income statement and balance sheet(latest 3 years)
  • Bank current account statement
  • MOF registration certificate
  • Proprietor/partners mykad
  • Business profile
  • Profile of proprietor/partners and key management team
  • Letter of award
  • Surat setuju terima
  • Pesanan kerja
  • Pesanan belian
  • Contract/tender to be financed
  • Estimated project cashflow
  • Letter of offer for any banking/credit facility granted by other financial institution
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