Frequently Asked Questions
We’ve got answers to some of your burning questions on our business financing solutions.
Payd
What is Payd?
Payd is an Invoice Financing loan offered by Poss Capital that allows you tap into your unpaid invoices or account receivables and receive up to 80% of your invoice amount. This is not a pre-approved credit line.
Why is Poss Capital lending my business money?
We understand that small and medium-sized enterprises face issues such as cash flow being tied in account receivables or delayed payments, adversely affecting business operations. Poss provides access to additional sources of capital, allowing you to receive your funds in advance so you can spend the money on things that are truly important for your business.
Do I qualify for Payd?
You’ll need to be a Limited Liability Partnership or Exempt Private Company limited by shares incorporated in Singapore. In addition, you’ll need to have invoices on credit terms that have yet to lapse, preferably with recurring payments from your buyers.
Are there any restrictions?
We will not be able to proceed with the application if the credit terms on the invoice provided have lapsed. Additionally, we are unable to lend to Sole-Proprietorship and Partnership at the moment.
Do I require any collateral? What happens to my invoices?
The invoices submitted for the application will be pledged as collateral for the loan. This means that you are limited to one financing per invoice. However, you may submit multiple invoices from the same buyer for the application. We will also request for key stakeholders within the business to provide personal guarantees for the loan.
Will my buyer know about this arrangement?
No, they will not be aware that Poss has financed your invoices or account receivables as it is non-notified. However, you will still be liable for the debt in the event of a non-payment from your buyer. Poss Capital reserves the right to seek remedies against the receivables pledged.
Why is my loan-to-value (LTV) ratio lower than 80%?
Your loan application will be reviewed through a data-driven yet flexible approach by understanding various information across your business, focusing on the creditworthiness, ability to repay and your current business needs. This could result in different LTV ratios ranging from 50% to 80% of the total invoice amount.
How will I receive my funds?
Upon successful submission of your loan application, we will revert back to you on the results within 48 hours. You will receive an email and/or loan agreement requesting for digital signature(s), outlining the offer, including but not limited to approved loan quantum, pricing, due dates and monthly repayments. We will disburse the funds into your main operating account within 24 hours of the completion of the loan agreement.
What happens if I receive payment early? How can I repay my loan?
There are no hidden fees and no prepayment penalties. Use what you need and pay for just that. You can make early repayment whenever you receive your payments. Be in control with your funds and indicate to us your preferred channel for loan repayments.
Opens: 9am - 6pm
Monday to Friday
Contact: +65 8060 7100
Email: contact@poss.sg
12 Kallang Ave #01-56
Singapore 339511
Opens: 9am - 6pm | Monday to Friday
Contact: +65 8060 7100
Email: contact@poss.sg
Payd
What is Payd?
Payd is an Invoice Financing loan offered by Poss Capital that allows you tap into your unpaid invoices or account receivables and receive up to 80% of your invoice amount. This is not a pre-approved credit line.
Why is Poss Capital lending my business money?
We understand that small and medium-sized enterprises face issues such as cash flow being tied in account receivables or delayed payments, adversely affecting business operations. Poss provides access to additional sources of capital, allowing you to receive your funds in advance so you can spend the money on things that are truly important for your business.
Do I qualify for Payd?
You’ll need to be a Limited Liability Partnership or Exempt Private Company limited by shares incorporated in Singapore. In addition, you’ll need to have invoices on credit terms that have yet to lapse, preferably with recurring payments from your buyers.
Are there any restrictions?
We will not be able to proceed with the application if the credit terms on the invoice provided have lapsed. Additionally, we are unable to lend to Sole-Proprietorship and Partnership at the moment.
Do I require any collateral? What happens to my invoices?
The invoices submitted for the application will be pledged as collateral for the loan. This means that you are limited to one financing per invoice. However, you may submit multiple invoices from the same buyer for the application. We will also request for key stakeholders within the business to provide personal guarantees for the loan.
Will my buyer know about this arrangement?
No, they will not be aware that Poss has financed your invoices or account receivables as it is non-notified. However, you will still be liable for the debt in the event of a non-payment from your buyer. Poss Capital reserves the right to seek remedies against the receivables pledged.
Why is my loan-to-value (LTV) ratio lower than 80%?
Your loan application will be reviewed through a data-driven yet flexible approach by understanding various information across your business, focusing on the creditworthiness, ability to repay and your current business needs. This could result in different LTV ratios ranging from 50% to 80% of the total invoice amount.
How will I receive my funds?
Upon successful submission of your loan application, we will revert back to you on the results within 48 hours. You will receive an email and/or loan agreement requesting for digital signature(s), outlining the offer, including but not limited to approved loan quantum, pricing, due dates and monthly repayments. We will disburse the funds into your main operating account within 24 hours of the completion of the loan agreement.
What happens if I receive payment early? How can I repay my loan?
There are no hidden fees and no prepayment penalties. Use what you need and pay for just that. You can make early repayment whenever you receive your payments. Be in control with your funds and indicate to us your preferred channel for loan repayments.
