Unpaid invoices
Invoice factoring in the Philippines for suppliers who sell on terms
You delivered. You invoiced. Now you wait 30, 60 or 90 days to be paid, while payroll and your next order can't wait. Invoice factoring from Datung turns invoices you've already issued into cash now.
- One application for all 6 kinds of financing
- Just 3 things to apply
- Pre-approval usually within about 1 hour
- Final answer usually within 12 hours
Times are during business hours. Applications that come in at night start at 8 AM. Our aim, not a guarantee.
Invoice factoring
What is invoice factoring?
Invoice factoring, sometimes called invoice financing or receivables financing, gives you cash against invoices your customers haven't paid yet. The sale is done; the money is just stuck in your receivables.
It's built for businesses that sell on terms. The more customers you carry, the more of your cash sits in unpaid invoices, and the harder it is to restock and take on new customers.
How invoice factoring works, in practice
- You deliver goods and issue an invoice to your customer, on terms.
- You apply with Datung and share the invoices during review.
- If approved, you receive funds against those invoices instead of waiting for your customer to pay.
- Repayment is set out in your loan documents, which you see in full before you sign.
Invoice factoring at a glance
- What it does
- Get cash for invoices you've already issued, instead of waiting for your customers to pay.
- Best for
- Suppliers whose customers pay in 30, 60 or 90 days.
- To apply
- The same 3 things as every kind of financing: the online form, 1 valid ID and your last 3 months of bank statements.
Who it's for
Who invoice factoring is for
Datung funds the established suppliers and distributors one level up the supply chain: the businesses that keep sari-sari stores, carinderias, talyers and contractors stocked on terms.
- Suppliers whose customers pay in 30, 60 or 90 days
- Distributors selling to retailers, carinderias, contractors or other businesses on terms
- Businesses growing faster than their customers pay
- Built for established businesses (typically ₱6M+ in annual sales), in any industry.
How to apply
How to apply for invoice factoring
One application covers all 6 kinds of financing. You don't need to get the product exactly right: tell us what the money is for, and we'll match you to the best fit.
Step 1: Apply once, online
About 10 minutes
Fill in the form with 1 valid ID and your last 3 months of bank statements. Under “What kind of financing do you need?”, pick invoice factoring, and tell us what the money is for. No account, nothing to print.Step 2: Review and pre-approval
Usually within about 1 hour
A credit officer reviews your application. We aim to give you a pre-approval within about 1 hour, and we may ask to see the invoices.Step 3: Business visit
Within about 2 hours of pre-approval
A credit officer comes to see your business for themselves. We'd rather see it than judge it from paper.Step 4: Your final answer
Usually within 12 hours
We aim to give you a final answer within 12 hours. If it's a yes, the interest rate and all charges are disclosed in full before you sign. If it's a no, we tell you right away.
Times are during business hours. Applications that come in at night start at 8 AM. These are our aims, not guarantees.
Ready to apply for invoice factoring?
Apply in about 10 minutes with 1 valid ID and your last 3 months of bank statements.
What we look at
What we look at for invoice factoring
Every application is reviewed by a credit officer, who looks at the whole business, not just a checklist. What we can offer depends on that review, and we never promise approval.
- The invoices, and the customers who owe them
- How reliably those customers have paid you before
- Your latest bank statements
- Your payment terms, and how your receivables are spread across customers
- What our credit officer sees at the business visit
FAQ
Invoice factoring questions
Straight answers about invoice factoring and applying with Datung.
Which invoices can I factor?
How is invoice factoring different from a business loan?
What is the difference between PO financing and invoice factoring?
What documents do I need?
How fast will I get an answer?
What interest rate will I pay?
Ways we can fund you
Other ways to fund your business.
You don't need to pick the right product first. Apply once with the same 3 things, tell us what the money is for, and we'll match you to the best fit.
- Confirmed orders
Purchase order (PO) financing
Funds to buy the goods for a confirmed customer order, so you can say yes to the big one.
Best for: Distributors, dealers and importers with orders bigger than their cash on hand.
Learn more about PO financing - Post-dated checks
Check rediscounting
Turn your customers' post-dated checks into cash now, instead of waiting for them to clear.
Best for: Wholesalers and distributors holding their customers' PDCs.
Learn more about check rediscounting - Draw, repay, repeat
Revolving credit lines
An approved limit you can draw from, repay and draw again whenever the business needs it.
Best for: Suppliers who restock every month to keep their customers supplied.
Learn more about revolving credit lines - For a higher line
Collateral-based financing
Pledge an asset you own as collateral, which can support a higher credit line.
Best for: Owners ready for a bigger move who have assets to put up.
Learn more about collateral-based financing - Working capital
Business loans
A lump sum for inventory, equipment, payroll or your peak season, repaid over 3 to 12 months.
Best for: Any established business that needs cash to keep moving.
Learn more about business loans
All 6 start from the same single application.
For some, we may ask to see the checks, purchase order, invoices or collateral papers during review. What we can offer depends on our review of your business.