Receivables Discounting Philippines
Convert receivables such as outstanding invoices, billings,
corporate post-dated checks, or contracts to operating cash
Receivables Discounting
Convert receivables such as outstanding invoices, billings,
corporate post-dated checks, or contracts to operating cash
What is Receivables Discounting?
Receivables discounting is a financing solution that allows businesses to convert their outstanding invoices, billings, corporate post-dated checks, or contracts into immediate operating cash. Instead of waiting for customers to pay, a business can sell these receivables to a lender or financial institution at a discounted rate. In return,
the business receives instant cash, and the lender takes on the responsibility of collecting the full amount from the customer when the payment is due.
This financing option is especially beneficial for businesses with a high volume of outstanding invoices, as it provides a quick way to improve cash flow, cover immediate expenses, or fund business growth without taking on a traditional loan.
Introducing ULoan’s Receivables Discounting
At ULoan Business, we provide a reliable receivables discounting facility to help your business unlock the value of its outstanding sales. We offer discounting services for amounts ranging from PHP 5 million to PHP 10 million, with flexible payment terms of 30, 60, 90, and 120 days.
Our goal is to support your business’s financial health by providing a fast and efficient way to access working capital. With ULoan, you can improve your cash flow and avoid the long wait for customer payments.
Competitive Interest Rates
Flexible Funding
Transparent Fees
Loan Overview
Loanable Amount
PHP 5,000,000 to
PHP 10,000,000
Payment Terms
30, 60, 90, and 120 days
Interest Rate
12% to 15% per annum (if secured) or 18% to 24% per annum (if unsecured)
Advantages of Receivables Discounting
Competitive Interest Rates: We offer competitive rates to ensure this financing option is a cost-effective solution for your business.
Flexible Funding: Our flexible terms of 30, 60, 90, and 120 days allow you to choose a repayment schedule that best suits your business needs.
Transparent Fees: We believe in clear and honest communication, ensuring you are fully aware of all fees and charges associated with our service.
Eligibility Requirements
- Borrower must have an existing business operating for at least three (3) years.
- Borrower must have an active checking account for at least six (6) months
- Borrower must have a Financial Statement (FS) for the past two years
- Business must be registered with DTI or SEC
- Business must be located and operating within the following areas:
- Metro Manila
- Batangas
- Laguna
- Cavite
- Rizal
- Pampanga
- Bulacan
- Nueva Ecija
- Quezon
- Borrower’s average monthly gross sales is at least PHP 1,000,000
- Borrower’s credit ratio is not higher than 50%