I own and run a small trading firm dealing in the wholesale of dried foodstuffs to local retailers.迷你倉價錢 I am about to start exporting and need to grant favourable credit terms for 90 days in order to garner this business.As I am required to pay my suppliers cash on delivery, this sales term will disrupt my cash flow while I wait for payment from my debtors. What options do I have to manage my cash flow such that it allows me to take on this new business?You could work with a bank to finance your export invoices by getting a cash advance against the invoices and shipping documents. This advance can then be used to pay off suppliers to ease cash flow.If your business provides services or contract jobs with progressive payments from debtors, you can opt for factoring and accounts receivables financing.What this means is that the迷你倉庫bank essentially purchases your accounts receivable, that is, your invoices, at a percentage of the invoice value and then advances the amount to you for working capital.The bank will then wait for the funds to be repaid by the debtor to offset the advanced amount. By undertaking this financing option, you not only turn your debts into cash but also offload the need to collect cash from your debtors, freeing up valuable time and resources.Maybank offers a range of solutions that can be customised to your working capital gaps and business needs.More information can also be obtained from our website .maybank2u.com.sg or by visiting any of our branches.- Mr Padulli Jaffar, head of SME banking at Maybank SingaporeDo you have a question for a business expert? Send your SME-related queries to Yasmine Yahya at yasminey@sph.com.sg儲存
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