How much of my invoice will Fundtap advance?
Fundtap advances up to 90% of your invoice value, up to the credit limit of your account. If you would like a smaller portion funded, you can use the comment function alongside your invoice to note this. When your invoice is submitted, Fundtap staff will reduce the amount advanced to you, and once funded provide a funding notice with the updated fee amount.
At the repay date, Fundtap automatically deducts from your nominated account:
- The 90% advanced, plus
- The agreed fees per the original quote
The exact advance amount and fees are always shown in the funding quote, the funding notice and on your invoice dashboard. If you choose to extend out the repay date, the fees recalculate, and will be displayed and deducted at the updated amount.