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Our Factoring Partners
We collaborate with trusted factoring companies to ensure the best financing solutions for your business.
Factoring & Financing by SMEKOM
We provide matching services for companies in need of working capital through factoring facilities.
What is Factoring?
Contract financing allows businesses to unlock cash flow by advancing funds against outstanding invoices. This gives immediate working capital without waiting for customer payments on delivered goods or services.
Factoring provides a strategic alternative to loans, offering fast access to funds by using invoices as a financial asset.
We assist you in recovering unpaid invoices promptly.
Only pay based on the amount you use.
No need for physical collateral to apply.
Stabilize your operations with healthy financial flow.
Our fees are competitive and protect your margins.
Ensure on-time settlement of all your commitments.
It's fast, flexible, and built to simplify your business growth. Learn more and connect with us below.
Types of Contracts Eligible for Financing
Types of Factoring & Financing Products
Invoice Financing
Access funds instantly based on your unpaid invoices.
Bank Guarantee
A financial instrument that ensures your obligations are met to suppliers or clients.
Letter of Credit / Undertaking
Assures payment to suppliers when terms and conditions are met.
Financial Support Letter
Strengthen your tender bid with a verified letter from a financing institution.
Hire Purchase
Acquire business equipment through structured instalment payments.
Leasing
Options for acquiring equipment with no upfront capital, fast approval, and competitive rates.
Why Do You Need Standby Facilities with a Factoring Company?
- Ensure early payments.
- Secure sufficient working capital to execute projects.
- Fulfill financial eligibility to win tenders.
The Importance of a Financial Support Letter
The financial support letter builds confidence among tender providers that your company has strong financial backing.
- Increases company credibility in the eyes of contractors.
- Facilitates factoring approval.
- Improves your chances of winning more contracts.
How SMEKOM Helps
SMEKOM acts as a mediator in the factoring matchmaking process, ensuring your business gets the right financing partner.
- Fill in the factoring application form on the SMEKOM platform.
- SMEKOM will evaluate and match your business with a suitable factoring company.
- Financing facilities will be granted upon mutual agreement.
Step-by-Step Guide to Apply for Factoring
Application Process for Factoring Houses
How does the process work? Here’s a simple step-by-step guide:
Connect with Factoring Houses
Upon receiving your application form, SMEKOM will liaise with a suitable factoring house and submit required documents (Letter of Offer, Award, or signed contract) from the awarding government body.
Preparation
- Three (3) copies of Delivery Order (DO) and invoice – submitted to the factoring house for stamping.
- Three (3) copies of Arahan Pembayaran – signed by a government officer.
Submit to Government
- Delivery Order (DO)
- Invoice
- Arahan Pembayaran
Submit to Factoring House
Submit all documents, verified and acknowledged, to the appointed factoring house for further processing.
Receive Payment
Factoring house processes the claim and payment will be disbursed directly to your business account.
Eligibility Criteria
All Malaysian businesses registered with Malaysian Companies Commission (SSM) – more than 50% shareholding must be held by Malaysian citizen(s)/permanent resident(s).
- Sole proprietorship
- Partnership
- LLP
- Sdn Bhd / Bhd
Register With Us Now
Discover how we become the ultimate No.1 Mediator to cater clients to our factoring house partners and get you the most competitive rate that we can offer to you.
Register Here