How does it work?

There are many advantages to using AddCash Finance.  Some of the features include:

Who is eligible?

• Start-up Businesses, Sole Traders, Partnerships, Trusts and Companies all welcome.
• Businesses who sell on account and wait 7, 30 or even 60 days to be paid.
• Your Customers need to be other businesses who have an ABN.
• Invoices financed need to be for a product delivered or services fully completed.

How much can you borrow?

• Limits from as little as $50,000 up to $1,000,000.
• Facilities operate like a line of credit, draw what you need as and when you need it.
• Receive up to 80% of your unpaid Customer invoices up front.
• The balance of 20%, less AddCash Finance costs, is paid to you when Customers normally pay.
• Invoices are eligible for funding for up to 90 days.

How does it work?

• You deal with your Customers as normal, take orders, deliver product & services, raise invoices and collect payments.  You remain in full control.
• All Customers can be used for finance or you may select just one, two or a few.
• A copy of each Customer invoice is sent to AddCash Finance via our secure online system.
• Money made available by AddCash Finance can be used for any business expenses you choose.
• Funding is paid into your existing business bank account so there is no need to change cheque books, direct debits or EFT payment details and templates.
• On your invoice, you include your unique AddCash Finance bank account.
• Customers pay straight into your AddCash Finance account, automatically repaying the facility, there are no other regular repayments you need to worry about.
• You can leave surplus money in your AddCash Finance facility to reduce your costs like an offset account attached to your home loan.
• No monthly reconciliations, just a simple update each week so that AddCash Finance is kept up to date with your business.

How long do you use AddCash Finance?

• AddCash Finance provides an ongoing commitment to your business.
• You are not locked into a long term contract.
• You may leave any time without incurring penalties or break fees.

What does it cost?

• If you do not draw money from AddCash Finance the cost is nil.
• This is regardless of how many Customer invoices you have generated.
• There are no minimum monthly or annual fees.
• Pay only for what you use.
• A simple fixed discount fee charged weekly on the invoices financed.
• There is no fee to request a quote or apply.

Systems

• Everything is online, secure and paperless just like internet banking.
• Access is available 24 hours a day, 7 days a week.
• You can also view your facility via your mobile phone or tablet device.
• Visit the Guest Login for a free demonstration.

What do you need?

• Internet access.
• A business e-mail account.
• Ideally, you use software to generate Customer invoices likes MYOB or Xero.

If computers and accounting are not your thing – don’t worry – AddCash Finance staff are only a phone call away to help you out and make it easy.  Basically, if you can generate an invoice, send an e-mail and use the internet then you are very capable of using an AddCash Finance facility.

Contact us to find out how we can assist your business.