Singapore · SME working capital · 2026
SME invoice financing Singapore
Eligibility, speed and right-sized providers by SG SME revenue band. Fintech lenders for the SGD 500k–10m band, specialist factors above that, bank SME teams for the SGD 2m+ established end. Free shortlist to up to three matched providers.
Get a shortlistEligibility by revenue band
SG SMEs split into three rough bands when it comes to invoice-finance options. The right lender for you depends on which band you're in.
Band 1 · Under SGD 1m revenue
Early-stage / micro-SME
Fintech-only. Most specialist factors and all bank SME teams will decline. Look at Aspire, Funding Societies, Validus and Modifi. Approval often hinges entirely on debtor credit — a blue-chip debtor matters more than your trading history.
Typical advance: 70–80%. Onboarding: 3–7 working days.
Band 2 · SGD 1m – 10m revenue
Growth-stage SME
The most competitive band — every provider type wants this business. Fintech (Funding Societies, Validus, Velotrade, Stenn, Incomlend, Drip Capital, Helicap) competes hard against specialist factors (InvoiceInterchange, Bibby FS, GB Helios, Goldbell FS). Banks start to be feasible once you have 2+ years of trading.
Typical advance: 80–90%. Onboarding: 1–4 weeks depending on provider type.
Band 3 · SGD 10m+ revenue
Established SME / mid-market
Banks are now the cheapest option if you qualify (DBS, OCBC, UOB, RHB SME teams). Specialist factors (IFS Capital, Bibby FS) remain attractive for non-recourse cover or concentrated debtor books. Invoice discounting (whole-book confidential) becomes available at this scale.
Typical advance: 80–90% with much sharper pricing. Onboarding: 4–8 weeks for banks; faster for incumbents.
What every SME provider checks
Regardless of which band you're in, the underwriting questions are similar. Have the answers ready before you apply.
Annual revenue + trading history
Most fintech want 12+ months and SGD 500k+; specialist factors want 2+ years and SGD 1m+; banks want 2+ years and SGD 2m+. Have your ACRA bizfile and last 12 months of bank statements ready.
Debtor profile
Who pays you, on what terms, and what % of revenue does your largest customer represent? Concentration above 50% triggers tougher pricing or non-recourse only.
Invoice tenor
30, 60 or 90 days is normal. 120+ days starts attracting surcharges. Spot or one-off invoices fund differently to recurring billing.
Industry
Construction progress invoices, gig-economy invoices and high-return-risk F&B invoices are routinely surcharged or excluded. Logistics, wholesale and professional services are widely accepted.
Accounting integration
Xero, QuickBooks, MyInvois (IRAS) or Myob integration speeds underwriting by automating invoice verification. Not having one isn't a blocker, but it slows you down.
Director profile
Most lenders run a basic credit check on directors and a search for any pending litigation against the company. Outstanding tax matters with IRAS are a red flag.
Common SG SME invoice-finance questions
What counts as an SME in SG?
Enterprise Singapore's rough definition: annual revenue under SGD 100m or employment under 200. Most providers segment further by revenue band.
What's the minimum revenue?
Fintech: SGD 500k–1m. Specialist factors: SGD 1m+. Banks: SGD 2m+. Debtor credit matters as much as your own revenue.
How long does my SME need to have been trading?
Fintech: 6–12 months. Specialist factors: 2+ years. Banks: 2+ years with management or audited accounts.
Can I get funded if I just registered my company?
Generally no for invoice financing. Pre-trading or pre-revenue businesses are usually not eligible because there are no invoices to finance against.
What if my main customer is a government agency?
Government-debtor invoices are usually well-received — low default risk. Some providers run dedicated GovTech / public-sector lines.
Right-sized shortlist for your SME
Tell us your revenue band, industry and funding amount. We forward your enquiry only to providers that fit your size and profile — no wasted conversations.
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