Debtor finance is a smart way of getting your business the cash it needs to operate, invest and grow.
All businesses have a series of regular outgoings and payment obligations, from wages and supplier bills to rent, energy costs and taxes. On top of that, they sometimes need to find money in order to invest, for example in new equipment.
No business can afford to be late on its payments, so when the bank account runs dry, many resort to borrowing the cash they need but business overdrafts and unsecured loans are expensive – especially given that your business is most likely already owed the money it needs, so why take on debt? Most businesses have tens if not hundreds of thousands of dollars tied up in unpaid invoices at any one time. Debtor Finance unlocks that money by receiving the cash from those invoices as soon as they are issued. So much money is tied up in invoices nowadays, that a trading business can often meet major finance requirements in this cost effective way.
We have a fast and simple online application process. Simply complete the simple form on our website (5-minutes) and you will have an offer tailored to your business within a few hours (during business hours).
Debtor Financing is not treated like a conventional business loan with regular weekly or monthly payments. Instead, tim. will fund your business in advance against your debtors ledger by giving you up to 90% of the invoice values upfront with the remaining paid to your business (minus a small fee) when the funds are received from your debtor.
The total cost for providing the capital up front varies from client to client depending on the individual business; the payment terms with your clients and the profile of your debtors amongst other things. Debtor finance is generally a lower cost and strain on cash flow than other traditional short-term funding options.
No. The outstanding invoices for your business are all the security that is required. This is why debtor financing can be a great choice to conventional funding options that can require you to put down large assets as security (such as the family home).
Fast 5-Minute Online Application
It only takes 30 seconds & won’t affect your credit score!
Debtor finance is the smart use of money.
Problems with slow paying customers
Start-ups successfully trading but struggling to get funding
Businesses who want their accounts receivables to work for them
Seasonal cash flow fluctuations
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How much money can I get?
A typical debtor finance arrangement with tim would see our clients get up to 90% of their whole debtors book – in cash. The balance is paid to your business (less a small discount fee to tim.) when your debtors pay their invoices.
Use our quick calculator to work out how much cash you can unlock if you use all, or part, of your accounts receivables ledger.
Ok, how much does this REALLY cost?
tim. has no application fees to establish a Funding Account, there no upfront fees levied when getting cash for an invoice, and there are no interest repayments.
It just doesn’t work that way. Only when your clients pay their invoices will you be charged a pre-agreed fee on the invoices funded. It comes straight out of the payment so you don’t need to find the cash. Think of it as giving your customers a discount for early settlement.
Why Debtor Finance
Solve your business cash flow needs with flexible, fair funding.
There are all kinds of reasons why businesses are seeking to avoid loans and bank overdrafts (assuming
you get approved for a business loan) – which are restrictive, often linked to property security, and commit a borrower to long months of regular repayments. That’s why Australian business are now securing debtor finance of over $60 billion each year using their accounts receivable. Debtor finance is the smart option for Australian SMEs.
No Hidden Fees
No application or set up fees, no monthly or ongoing interest fees, no repayments, no bank fees, and no property security required.
It’s 100% Flexible leaving you in total control of your cash flow.
No long term contracts. Offer as many or as few invoices and debtors as you require to manage your cash flow within an agreed funding limit.
Funding In 24 Hours
Get your cash flowing now and grow your
We’ve arranged funding for clients against multiple debtors and on more than 20,000 invoices, now approaching half a billion dollars to Australian businesses.
The benefits of working with tim. include:
Easy & fast
At tim., we move fast and keep bureaucracy to a minimum: you apply online, set up an easy-to-use account, and get up to 90% of your invoices paid within 24-hours of approval. You choose which invoices or debtors to submit, and securely control your financing from your computer, tablet or smartphone.
Fully Flexible Fee-free Option
The cost of debtor finance is covered by a pre-agreed discount rate on the invoices funded, which is deducted only when your client pays. It’s so simple, it’s worth a recap of the fees that other lenders charge, which tim doesn’t with the Fully Flexible Option:
- No set-up fees
- No application fees
- No exit fees
- No unused facility fees
- No audit fees
- No property security
tim. is not a bank, so we don’t charge interest, and we don’t lock our clients into long re-payment schedules that lead to extra charges when they aren’t met. You get up to 90% of your invoices upfront, and we take a low pre-agreed fee only once your client pays. Then we send you the rest of the cash.
With a business loan, you run the risk of losing your business and your personal assets if you can’t pay the lender back. Therefore, some SME owners worry about what will happen if an invoice they have funded through tim. is not paid on time. The answer is that timSecure™ steps in and protects you.
Providing your business has acted within the law, timSecure™ covers up to 90% of the funding on a defaulted invoice due to debtor insolvency and can also cover the legal costs of chasing a debtor who fails to pay.
No restrictive contracts
Debtor finance with tim. is all about flexibility. We don’t burden businesses with long contracts and long repayment schedules. Instead, our easy-to-use account gives you full control of your cash flow and funding, allowing you to pick which invoices you want to offer for financing.
Available to all
tim’s debtor finance facility is not dependent on assets or credit ratings. Debtor Finance is based on your current sales, not your past, so if you are trading well and have good clients, you can raise cash even if you’ve been turned down for a business loan or overdraft.
tim’s debtor finance is available to every Australian business that invoices other businesses (B2B), with flexible funding facilities ranging from $50,000 to $5.0 million available.
Our Customers Have
Rated Us “Great” On
The Invoice Market: Excellent process, easy people to deal with, trustworthy and ethical.
A good experience
Clear requirements and helpful staff providing good service.
tim. Funding Process
5 simple steps to secure funding
- No application or set-up fees
- No long lock-in contracts
- No property security required
- Choose only the invoices you want funded
- No fees as you add more debtors
- tim. checks the credit rating of your debtors and verifies each invoice
- Open and honest appraisals
- Get up to 90% of your invoices paid to you without any hold backs or fees
- Get your money within just 24 hours of approval
- The more you cash-flow with tim., the lower the discount fee can become
- The balance due on your invoices are paid to you when your client pays their invoice, less a pre-agreed discount rate
- tim. is paid when you are paid and not before
Latest Case Studies
Try Our Calculator
See how much cash you could receive based on your receivables ledger, with our easy to use calculator.
this 90% could be
yours in 48 hours
this is the remainder of the invoice which will be paid when your customer pays
the discount rate you could pre-agree with tim.
Note: The above results are indicative only and should not be relied upon whatsoever as outputs are subject to change based on specific customer data, debtor strength, and other credit criteria required, which may result in higher or lower results than shown above.
Make cash flow management easy by aligning your accounting software to tim.EX.
tim’s accounting interface is quick to activate and helps to manage money and pay suppliers..