What is Invoice Finance?
Invoice Financing is when you use your business’ debtor book as security to free up funds to re-finance your cash flow position using a third party. Also known as finance factoring, it’s an excellent and much more efficient alternative to traditional banking finance. Instead of providing bricks and mortar collateral for a bank overdraft to get the urgently needed funds for your business, debtor finance solutions such as invoice finace, allow you to apply for invoice finance against the value of your outstanding invoices.
How We Can Help
At AddCash Finance, we can provide your small to medium size business with up to 70% of the value of your current outstanding, genuine and undisputed invoices and the remaining balance, less charges, when they have been paid. You can choose which Customers to finance and receive a cash payment in your bank account overnight after completing services or delivering product to your Customers. Our involvement in the transaction will be totally transparent and disclosed to your customers in a professional manner to eliminate any misunderstandings.
Flexible Cash Flow
Invoice Finance is a simple and straightforward way for you to quickly add to your working capital, so you can take the necessary steps to help your business grow when you need it to. If your business is going through a rapid expansion phase and you need the financial flexibility to successfully keep up with demand as it occurs, this could be an ideal short term finance strategy for you.
Quick and Easy Process
We understand the time critical decisions you as a business owner sometimes need to make, so we’ve made the process for fast business finance quick and easy. To qualify for financing we generally require the following for your business to be eligible:
- Your Customers need to be registered businesses
- Invoices to your Customers must be for an actual product or service that has already been delivered
- Customers are creditworthy
- Your invoices are current and not disputed
If your business meets these criteria we can help you with the flexible financing you need.
Give us a call at AddCash Finance and find out how we can help your cash flow position, so you can concentrate on making your business grow.