Siam General Factoring Co.,Ltd. (SGF), established onAugust 7, 1985 with
Bt20-million registered capital, is the first company to bring factoring to Thailand in the last five years.In September, 1987 SGF increased its registered capital to Bt40 million then it was listed on the Securities Exchange of Thailand on February 10, 1988.
     SGF, at present, operates two kinds of service-one is "Factoring" which refers to invoice credit provision, and the other is "Floor Plan", credit provision for car dealers.

Factoring: A convenient source of funds

     Factoring is a short-term financial system, which enables any business to increase circulated capital to avoid sudden halts in product manufacturing caused by extending credit to customers.With the factoring service, businessmen can avoid problems, complicated procedures and the security guarantees which are always required by banking systems or other financial institutes. In factoring, a client only hands a notice and invoices to the factor (SGF) for assessment and approval and makes a credit agreement. Within a week, he can exchange his invoices for cash to increase his business cash flow. Usually, the factoring credit term is between seven and 180 days.