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Factoring

Boost your cash flow with Singer Finance Factoring.

Convert your invoices into immediate working capital.

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Factoring is a working capital solution designed to improve the cash flow of a business which sells goods and services on credit terms. Factoring will make funds available, even when banks would not do so. This is the fastest way to collect money on invoices generated for products delivered or services rendered.


In Factoring, we purchase your account receivable (credit sales) at a discount and advance you upfront 70% -85%. You would not have funds to tied up until the debtors make the payments. We pay you on behalf of your debtors. Factoring will help you to expedite the progress of your business while transferring the hassle of debt management to the factor.

Features, Benefits and Eligibility

• For residents of Sri Lanka over 18 years of age

• Highest advance of 70% – 80% from your invoice value

• Financial solutions to your cash flow needs

• Each facility handled by an experienced portfolio management

• Speedy approval process

• No tangible security

• No start – up fee and No exit fee

What are the Charges and Rates ?

  • Interest Rate - Minimum

    AWPLR(monthly) + 6% p.a.

  • Interest Rate - Maximum

    27% p.a.

  • Service Charge

    0.5% to 1% on invoice value

  • Refactor Charge

    0.3% to 5% on refactored value

  • Over Paid Charges

    36% p.a. to 40% p.a.

Required Document

  • Application Form

  • Know Your Customer (KYC)

    Download Form

  • A copy of National Identity Card (NIC) or Passport /Driving License of Proprietor/ Director/ Guarantor

  • Proprietor/ Director/ Guarantor asset declarations

  • Memorandum & Articles of association

  • Factoring debtors list

  • Bank statements of last 6 months

  • Billing proof if customer address differs from the identification provided

Popular Questions About the Factoring

We are known for our trustworthiness and customer-focused approach, ensuring that you get the best financial solutions with full transparency.

Our team is dedicated to making the loan process simple, quick, and easy, with minimal paperwork and fast approvals to get you the funds you need.

Yes! We offer flexible repayment plans that can be tailored to suit your financial needs, giving you control over your loan terms.

Contact our local experts

Send us a message, and our team will contact you by the next business day.

I'm interested in Factoring

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