Why choose YOOV Capital?
Cashflow is important to every business. Having sufficient cashflow benefits your business not only smoother daily operations, it puts you in a better position to explore business expansion plans. Factoring (also known as Invoice Finance) improves your cashflow by quickly turning accounts receivable into working capital. Even if your buyer takes up to 120 days to pay for their invoices, Factoring helps you to maintain sufficient and healthy cashflow.
Our application and approval process is quick and easy, because we aim to provide the funding you need asap
Rapid cash out
Get paid promptly without waiting for up to 120 days payment terms
Grow your business by turning accounts receivable to cashflow
No collateral is required
Funding limit grows in line with your turnover not collateral.
Invoice payment reminder
Remind your local or overseas buyers to pay on time, saving up your time and labour force.
Dedicated client manager
Experienced client manager takes good care of your account to provide speedy and responsive services.
We think flexibly and innovative to meet your financial needs, because we understand your business and the challenges of running a business.
Plastic products export
Wayne is an exporter of plastic products with main markets with large supermarket chains in Europe and the US as his main customers. He also owns a factory in Dongguan, sales turnover over $1 million.
Taking advantage of the rapid development of online purchasing platforms in recent years, Waynes's business has grown rapidly. His high-quality products and punctual shipping schedules are highly respected by customers and have gradually attracted some larger buyers. However, these buyers demanded longer payment terms that the bank rejected to increase the credit line to support the growing business. As a result, their cash flow was greatly affected and the production capacity reached to a bottleneck.
With the Factoring services provided by YOOV Capital, Wayne can obtain 80% of the invoice in cash right after the goods are shipped. It provides sufficient funding to the business to expand the factory and enhance the production capacity, take-on new orders and expand the business to new markets. The collection services came with Factoring services also greatly improves delayed payment situations.
- Invoice amount$1,000,000
- Funding amount$800,000
- Payment term90 Days
- Service fee1.50%
- Discount rate7% p.a.
- Total cost (Approx.)$28,808
- Invoice amount$800,000
- Funding amount$640,000
- Payment term60 Days
- Service fee1.50%
- Discount rate7% p.a.
- Total cost (Approx.)$19,364
Global Recruitment Service
Mr. Tang is the chief financial officer of the Asia-Pacific region of a global recruitment company. The company’s main business is to provide outsourced personnel recruitment services for large companies such as listed companies, banks and insurance companies. A large amount of monthly cash flow is required to meet salary and MPF contributions. Funds and other operating and administrative expenses. As its customers enjoy payment periods ranging from 30 days to 60 days, the company has a funding gap, cash flow has become increasingly tight, and has restricted the company’s business development.
Mr. Tang began to seek financing solutions. However, due to the fact that the company did not have any property as collateral in Hong Kong, the bank was unable to provide sufficient financing to meet the company’s huge monthly expenses.
Finally, Mr. Tang found YOOV CAPITAL to provide it with accounts receivable financing services, and customized financing plans to suit the company’s business model and turnover. Only upload invoices every month, and after verification, 80% of the invoice value will be issued. Easily solve the problem of tight cash flow.
3 simple steps to access your funding
Provide a copy of your invoice and relevant documents
Cash up to 90% of invoice value will be released within 24 hours
YOOV Capital will pay you any remaining balances after invoice payment is settled on or before the due date
Factoring cost calculator
- Cash available$90,000.00
- Factoring fee$1,500.00
- Discount fee$517.81
- Total cost$2,017.81
The above results are calculated based on maximum advanced ratio 90%, 1.50% factoring fee and 7% discount charge. Any outcomes in the above calculation are for reference only. Actual advanced ratio, fees and charges are subject to final approval.
Frequently Asked Questions
Warning: You have to repay your loans. Don't pay any intermediaries.
Enquiry and Complaint Hotline: 2384 6338
Money Lender's License No.: 2247/2021