SHARIAH - COMPLIANT CONTRACT FINANCING
SME Contract Financing from RM10,000 Up To RM200,000.
NO Interest, Flexible Payment & 100% Digital.
Helping Entrepreneurs to Start Projects
Financing Up to 80% of the Contract Value
Tenor of Financing Up to 180 days
What Is Contract Financing ?
Also known as contract funding or contract finance, contract financing is a financial solution that provides businesses with the capital needed to fulfill contracts. This type of financing is especially useful for companies that have secured contracts but lack the working capital to deliver on their obligations.
How Does Contract Financing Work ?
Securing a Contract :
A business secures a contract with a client, which could be a large corporation, or any other customer.
Application for Financing :
The business applies for contract financing from Orpheus, providing details of the contract, including the terms, payment schedules, and the client’s creditworthiness.
Assigment Payment :
The business will assign the payment of contract from client to Orpheus as Financing Company, usually within agreed-upon terms.
Assessment and Approval :
We will assess the contract’s validity, the business’s capability to fulfill the contract, and the client’s reliability. Once approved, we provide a portion of the contract value as an advance.
Utilising Funds :
The business uses the advanced funds to purchase materials, hire labor, or cover other expenses necessary to complete the contract.
Required Documents
- Digital copy of all Director’s Identification Card (front + back view)
- Latest 6 Months Business Account Statement
- Purchase Order and Letter of Award:
- Joint and Several Guarantee – All Directors and Shareholders
- Director’s Resolution
- Letter of Assigment / Deed of Assigment
Terms Of Financing
- Margin of Financing: Up to 80% of contract value
- Financing Amount: From RM10,000 up to RM200,000
- Tenor of Financing: Up to 180 days
- Not involved with AMLA
Apply Online In 10 Steps
- Register and verify your company account via email.
- Apply for Contract Financing.
- Digitally upload your business information and documentation.
- Get deed of assignment signed by contract awarder / client.
- Confirmation on application from Orpheus within 24 hours.
- You will receive an email upon approval and you are required to accept/decline the offer from the portal.
- Fill in the impact assessment page.
- Sign the Facility Agreement received via email.
- You will receive an email once the fund is successfully disbursed.
- You’ve got your Contact Financing!
Benefits of Contract Financing.
Improved Cash Flow :
Provides immediate funds to cover operational costs, ensuring smooth business operations and timely contract fulfillment.
Growth Opportunities :
Enables businesses to take on larger contracts or multiple contracts simultaneously, promoting business growth.
Non-Dilutive :
Unlike equity financing, contract financing does not require giving up ownership or equity in the business.
Risk Mitigation :
Reduces the risk of defaulting on contract obligations due to insufficient working capital.
Start Your Project.
We Help Fund Your Contract!
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