Note Request
How does MoolahSense authenticate the invoices pledged for financing?
We will examine and authenticate the background and details of a debtor’s transaction records with the Issuer (who intends to finance its invoice with us) before the invoice is made available for financing to our Investors.
For tax invoices that I wish to obtain financing though MoolahSense, am I required to inform my debtor?
Typically, there is no such action required on your part. When the repayment of your note is due, you are just required to ensure that your debtor makes the payment to you so that you can transfer the monies to our account for us to facilitate the ...
Can my Business obtain financing for more than one invoice within a single note?
Yes, you may obtain financing for more than one invoice within a single note as long as they are drawn on the same customer and their payment due date is the same.
Can my Business issue more than one note through MoolahSense?
Yes, you may issue more than one note through MoolahSense. However, you will need to demonstrate a good track record on prompt repayments of your existing note(s) before you can apply for another listing. You will be required to submit a new request ...
How long does it take for a request to get approved?
MoolahSense will review a listing within 5 working days and if all is in order, the approved draft will be posted on the Dashboard. An email will be sent when a draft is approved.
How long do I have before I can published my campaign and the duration that the campaign be listed?
Once the draft of the campaign has been reviewed by MoolahSense, the prospective Issuer (SME) has up to 14 days to publish the campaign. A published campaign will be kept open for up to 21 days or until early acceptance by you, the Issuer (SME), ...
What are the types of note structure?
The types of Note Structure are as shown below: The business needs presented above are intended for illustration purposes and may not be exhaustive.
What is the target interest rate?
The target rate (% p.a.) is the maximum interest rate that you are willing to pay to Investors for the short-term note. The total cost of your note is the sum of the interests you pay to Investors and MoolahSense fees.
What are the loan amounts that I (an SME) can request for, and will be able to obtain?
If you wish to request for a business loan, the minimum amount is S$20,000 (with an incremental amount of S$1,000). The amount of loan that will be granted to issuers will depend on the result of the credit assessment carried out by MoolahSense. If ...