Funds to grow your Business with Xero
Business Funding for Small and Medium Business
Built for Small and Medium Businesses
Finaxar understands the challenges small and medium business face and created a product that makes it easy to grow their business by availing flexible credit facility and providing integration with cloud accounting softwares, such as Xero. As a direct lender, we are in a position to commit to your business in for the long run.
Get started with us online, it takes just 5 minues to complete the process
Undergo a one time credit assessment and get approved in 72 hours
Request funds with one click and receive them in 24 hours
5 Minutes to Get Started
Growing your business is time consuming. Hence, we have made the process to avail financing easy and effortless. Our direct integration with Xero and other trade platforms provides seamless access to finance.
Simple, transparent pricing
You pay a single fee on the amount withdrawn. No hidden setup fees, processing fees or termination fees. It’s that simple.
“Businesses wait an average of 60 days to get paid in Singapore”
According to the latest Working Capital Study done by PriceWaterhouseCooper in Singapore, small and medium businesses may need to wait as long as 106 days to get paid. Easy working capital solution provided by Finaxar is a great solution to this on-going cash-flow volatility
of sectors need higher working capital to grow
Amount of working capital needed to grow sales
Get started with us today!
Finaxar offers flexible credit line that provides businesses ability to grow without taking on more debt than what they absolutely need. This a unique product made for small and medium businesses.
- One fee, charged only on financed amount No overdue or hidden fees 72 hours approval 24 hours cash disbursement Online, paperless
- Processing & Finance fee, charged on limit and invoice value Overdue and review fees Upto 4 months for approval Cash disbursement based on approval Offline, paperbased
Online LenderPeer-to-Peer / Crowdfunding
- High processing & finance charges with no defined credit limit Overdue fees Upto a week for approval Cash disbursement based on each approval, no committed capital Online
Frequently Asked Questions
What type of funding options are available in Finaxar?
Finaxar provides two small business funding options: Invoice Factoring & Line of Credit. Unlike traditional invoice factoring, we provide a fast, paperless credit evaluation in 72 hours. Once approved, simply connect your accounting software with a click and start getting funds in 24 hours. In this mode of financing, we will wait for your customers to pay and not charge you overdue fees. As the drawn-down amount is repaid from your customers' receivables, your available credit goes back up, allowing you to use it again.Get up to 80% as a cash advance from your unpaid invoices and receive the balance (less fees) when your customer pays
Our flexible credit line lets you keep drawing funds until you reach your credit limit. Each time a repayment is made, your line tops itself up. In contrast to a fixed loan, Finaxar's line of credit does not provide a lump sum of cash that requires a monthly repayment schedule. Instead, it offers you access to capital up to a specified amount. Similar to using a business credit card, you can access the funds as you need to pay for business expenses. The balance on the line of credit is “revolving,” meaning that you can carry the balance from month to month and interest is calculated based on the amount you draw. So the repayment of the credit line is timed to payments that you receive from your customers.
What are the minimum qualification requirements for a business loan?
We provide flexible credit facilities, with no long term commitment. As you receive financing from us, no matter how small an amount you need, you build a credit history with us which helps you avail larger financing at better rates with us as your business grows.
How do I redeem my offer?
Most businesses experience slow sales and late invoice payments. Successful businesses also have urgent unplanned expenses or short-term situations when cash flow is uncertain. Finaxar's credit facilities provides rapid access to extra working capital to help you survive the rough times and come out on top.
How can I offer better payment terms to win more business using Finaxar's invoice financing line?
Most small- and medium-sized businesses are not in the position to offer shorter term invoices for a number of reasons. For example, some customers are used to those longer payment terms, and reducing those terms may cause customers to take their business elsewhere. In other cases, shorter terms aren’t an option for customers because they have expenses of their own and are simply unable to pay earlier. In some industries, offering a longer payback period is part of a larger negotiation strategy for getting better deals. These are a few reasons why many small businesses holding outstanding invoices turn to financing their invoices as a strategy to reduce their cash flow gaps.
We work with multiple platforms
Join our growing number of satisfied Clients & Partners
“Innovative solutions and flexibility to meet client needs, a well-coordinated team that worked seamlessly to meet client objectives, and a focus that delivered on client goals exceedingly well. I would recommend Finaxar to all SMEs as a boutique that disintermediates and disrupts the invoice discounting banks very effectively.”Avirup Chakraverty
“We’re excited about our partnership with Finaxar to pilot an innovative financing solution for our users of EzyProcure, alleviating cash flow pain points that have plagued both buyers and suppliers at an industry-wide level.”Edmund Louis Nathan
Driven through Relationships
Our technology driven approach of providing innovative small business financing is one of the first in South-East Asia ! However, we are most proud of the relationships we are building with small business owners in region
- Talk to one of our Relationship Manager
- Online integration for seamless access to Finance
- All Digital Approach
- Speed and Ease
Limited time offer. Get No Commitment Credit Line.
Only for the first 20 clients who sign up
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