• Business entity must be a private limited company or a limited liability partnership.
• The company must be incorporated in Singapore / the limited liability partnership must be registered in Singapore.
• Age of all key person (directors, shareholders, partners) must be less than 70 years.
• At least 50% of the shares / partnership interest must be held by a Singapore incorporated company, Singapore registered partnership or Singapore citizen.
• The company must have been incorporated / the limited liability partnership must have been registered, at least 1 year prior to the date of application for the revolving credit loan.

• Past 6 months bank statements
• Last 2 years directors NOA
• Director?s CBS (dated within 3 months)
• Complete credit fact find form

Up to SGD300,000, depending on the credit team?s assessment.

12 months. The term of the revolving credit loan may be extended for a further 12 months subject to the credit team?s approval.

Interest will accrue at 2-3% per month depending on the credit team?s assessment. Interest is payable monthly in arrears.

A set up fee of 1% of the facility amount, 

A supplier transfer fee of 1% if the loan proceeds are used for payables financing.

A cash advance fee of 3.5% if the loan proceeds are used for payroll, rental and any other related expenses.

20% of the outstanding principal balance as at the last day each month, accrued interest and applicable fees.

A late payment fee will be levied.

This is calculated based on 10% fee on minimum repayment amount (i.e. 2% of principal outstanding due).

Payment of principal, interest and fees will be due 21 days from the last day of the month to which that payment relates (i.e. amounts owing for the period of 1 March to 31 March will be payable on or before 21 April)

Site visit will be required if the credit line limit is more than SGD30,000

Approx 2 business days.

Around 1-7 business days following case approval, depending on how long it takes to onboard the borrower.

Around 1 business day.

This is a pre-paid corporate card, to facilitate corporate spending for your business.

We will work with participating suppliers who will send you an invitation to use this method to pay them for your orders. Once you accept that invitation, your supplier will pre-register you as a participating buyer and we will send you the necessary information, including card tokenization.

Our cards are PCI-DSS certified.

Other than the restricted use cases as determined by Fazz, the card can be used wherever Visa cards are accepted.

No. All cards are tokenized so payments will be digitally automated for your convenience. However, for every transaction, you will receive a real time notification.

You are obviously free to decide whether or not you want to participate. If you decide not to, please inform your supplier. However, some suppliers may mandate that payment to them can only be by card.

Errors may happen from time to time but there is an established process already for such exceptions. The first step is to clarify with your supplier and they will make good any error that may happen – which could be a credit note, a re-delivery, or even a refund. This process is in fact already in place whether or not payment was made by card.

Working with Fazz and Actum gives your business the timely boost that it needs. Fazz offers you the access to much needed funds when cash flow is tight, while Actum works with your suppliers to accept payments by card that has a separate limit from your personal credit card.