TL;DR: Sole traders can use invoice finance. If you invoice business clients on credit terms, Fundtap lets you access the cash within hours. No minimum turnover, no lock-in contracts, no property security.
Invoice Finance Works for Sole Traders
Many traditional invoice finance providers require minimum annual turnover of $500,000 or more. This excludes most sole traders. Fundtap has no minimum turnover requirement — if you have B2B invoices, you can use the service.
When It Makes Sense
- You invoice business clients on 14–60 day terms
- Slow payment limits your ability to take on new work
- You have regular outgoings that cannot wait for customers to pay
- You want to avoid personal loans or credit cards to cover gaps
How It Works
- Connect your Xero, MYOB, or QuickBooks account to Fundtap
- Select the invoices you want to fund
- Receive an advance within hours
- When your client pays, the advance is settled
No Minimum Turnover, No Lock-In
Fundtap charges a single fee from 4% per invoice. There are no monthly fees, no minimum volumes, and no lock-in contracts. Use it when you need to, and not when you do not.
Yes. Fundtap has no minimum turnover requirement. If you invoice business clients through Xero, MYOB, or QuickBooks, you can use Fundtap.
Yes. Fundtap is a B2B service for registered businesses in Australia and New Zealand.
It depends on what the cash enables. A 4% fee on a $5,000 invoice costs $200. If that immediate cash lets you take on new work or avoid a more expensive alternative, the return often exceeds the cost.
No. Invoice finance is not a personal loan and does not appear on your personal credit file.