YGCG Global Factoring Service was set up to advance the growth of Small and Medium Sized Enterprises (SMEs) in Singapore, which have largely remained under served by the banking institutions.
Based in Singapore, YGCG Global Factoring offers flexible and customized financial solutions that best cater to the business needs / cash flow cycle of the respective SMEs. We aim to facilitate the expansion of the various SMEs in Singapore and contribute to the overall growth of the Singapore economy.
Factoring is a financial solution that allows a small business company or SME to sell its receivables (in the form of invoices) to a financial institution like YGCG Global. By selling the invoices or receivables, the small business company will be able to receive cash flow that would have been otherwise tied up in outstanding invoices.
SMEs can get up to 90% of the values in their outstanding receivables / invoices
SMEs can get quick accessibility to cash advances
SMES can leverage on the credit-worthiness of your customers i.e. start-ups will qualify for factoring with accounts receivables from customers with string credit-worthiness.
We manage collections and credit assessment for the SMEs so that they can channel their time and resources into growing their businesses.