Factoring
Turn unpaid invoices into room to grow
Factoring of
trade receivables
Boost your working capital with factoring
Talk to ThaiAce Capital about your receivables today
Approval and credit limits are subject to the Company's conditions
Factoring - Trade Receivables
Trade receivables financing, or factoring
Collectively known as factoring, this is a facility where a business sells its trade receivables to the Company and receives payment in advance. For example, if you deliver goods or services to a customer and have to wait 30-90 days for payment, you can sell those receivables to the Company.
Highlights of our factoring service
- Short-term working capital and improved business liquidity
- Factoring requires no collateral
- Never miss a business opportunity: grow your business and increase sales quickly and continuously
- Reduces the burden of funding expenses out of pocket while waiting to be paid for your goods
- We purchase receivables with credit terms of up to 90 days
How to apply for factoring
- Call our staff so the Company can run a preliminary check on your business in our database
- If the check is positive, our staff will ask you to prepare the documents listed under required documents
- Make an appointment for our staff to visit your business, conduct an interview and collect the supporting documents
- Receive the approval result within 3 - 7 business days
- If approved, schedule the remaining legal formalities and the transfer of funds
Documents required for factoring
| Interest rates and fees | |
|---|---|
| Interest, penalties, service charges and any other fees | Not more than 15% per year |
| Repayment period | |
|---|---|
| Mortgage loan | 1 - 12 years |
Example calculation
- Loan amount THB 300,000 over 4 years (48 instalments)
- Interest rate 8% per year
- Your monthly instalment would be THB 7,324 on a reducing-balance basis
- Total repayment THB 351,552
- Principal THB 300,000 and interest THB 51,552