AddCash Invoice Financing
AddCash Invoice Financing is a facility which accelerates the
cashflow of your business when you have money constantly owed to
you by your customers. This is commonly the case where you have
made the sale and issued the invoice but your customer won’t pay
you for 30 to 60 days. This causes cashflow stress, restricting
your ability to increase sales. AddCash Invoice Financing unlocks
the cash tied up in these debts by turning credit sales into cash
Because banks and finance companies typically lend only against real estate and similar assets, cashflow finance is hard to get, and for small businesses it’s almost impossible. Credit cards are often used to get small amounts of cash quickly and some small business people even resort to taking cash advances from the new pay day lenders. Another common way that small businesses try to solve this cashflow problem is by offering their customers a prompt payment discount if they pay quickly, but this rarely works and results in more expense for the business. AddCash Invoice Financing is a genuine alternative which provides cashflow certainty. You are guaranteed to receive the funds for your invoices and you only pay charges to us for those invoices you submit to us for funding.
If you sell goods or services on normal credit terms to other creditworthy businesses (not consumers) and your invoices are for fully delivered goods or fully provided services (not progress claims, stage claims, milestone payments etc.), then you meet the basic criteria. You will also need a clear credit history for the business and its principals. The age of your business, its trading results and your asset position are not key issues in approving a facility for you, as we are more interested in your future rather than your past.
Contact us for more information on a Cashflow Finance Solution for your business.