Just Quick Facts!

What is it, how does it work, what does it cost?

AddCash Invoice Financing gives you cash quickly, against your unpaid invoices for which you would normally wait 30 – 90 days before your customers pay. You can use the cash to expand your business, pay suppliers & taxes and many other purposes.

You send us copies of the invoices for the customers that you choose (they can be up to 30 days old), and we advance you up to 70% of the invoice value immediately, or when you ask for the funds. Your customers send their payments to AddCash, and the 30% balance is then paid to you.

It costs 0.4% - 1.0% per week of the value of the invoices, depending on your facility. For example, if your rate was 0.8% per week, a $100 invoice which you fund with us for 5 weeks, would cost you $4 ($100 x 0.8% = $0.80 per week x 5 weeks). In practice, if you draw less than the funds available to you we will charge you less – if you draw half of the available funds, you would only pay half of the standard charges. This allows you to control the cost of your facility, by drawing funds only as required. Typically it costs less than a prompt payment discount that you might otherwise offer to your customers to get them to pay you quickly.

Click on FAQ for more detailed information on AddCash Invoice Financing.