The smart alternative to a Business Loan is the tim. invoice finance solution. Get immediate cash from $50,000 to $5,000,000.
What is tim.’s invoice finance solution
An innovative and revolving facility. There is no upfront cost to set up and it’s easy to apply online. Once approved, could be within 24 hours, you’ll have easy access to financing.
It’s the smart use of money.
Use tim.’s easy invoice finance calculator below to find out how much cash we can inject into your business right now!
this 80% 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.
tim. invoice finance vs a line of credit
How does the tim. solution compare against a line of credit?
The Invoice Market (tim.) offers a flexible cash flow solution for your business in the form of invoice finance, which does not have the fixed interest charges and the usual minimum repayment term that a business loan would have.
Instead of taking out a business loan or line of credit, invoice discounting provides highly flexible funding for your business’ growth by giving you immediate access to cash, against your issued, but yet uncollected invoices.
tim. does not do factoring, our cash flow solution ensures that you still have full control over your account receivables and you still interact with your clients as you would usually do.
A business loan or line of credit as its sometimes referred to, is debt on your balance sheet, invoice finance is not debt therefore there are no repayments and no interest payable. You simply agree to a discount rate off the value of the invoice that you offer to tim. to fund. It is exactly the same as you offering your customers an early settlement discount for paying their invoices upfront.
How it works
5 simple steps to secure funding
- No application or set-up fees
- No monthly or ongoing fees
- No 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 85% of your invoices paid in cash without any hold backs or fees
- 100% of the advance usually within just 24 hours of approval
- The more you cash-flow with tim., the better the discount can become
- The balance of your invoices is paid to you when your client pays the invoice, less a pre-agreed discount rate
- tim. is paid when you are paid and not before
You can draw down on these funds at any time and for any amount provided you have at least sufficient outstanding debtors for the amount you require.
As your debtor/s pay their invoices as per your current payment terms with them, you are then able to repeat the process of re-drawing down the funds you require, over and over against new invoices that you have issued.
An application for invoice finance with tim. is online and can be processed in 24 hours and because our credit process is more focused on the strength of your debtors than your business itself, tim. can provide invoice finance to most businesses, even those with outstanding ATO debt.
There is no upfront application fee; no facility fee and no undrawn line fee, once approved your business will have immediate access to cash to pay its bills and grow.
Why should I go with tim?
We have funded over $310 million, to over 120 Australian businesses representing 18,000+ invoices.
Here are just a few of the many benefits of working with tim.:
• Easy & fast application process
• Funding within 24 hours
• Low cost. No interest & no repayments
• No lock-in contracts
• Only pay for what you use when you use it
• Available to all, not dependent on your assets or ATO debt
• No property security required
• No application, legal or setup fees
How does invoice discounting compare to bank loans or unsecured loans?
When calculating the cost of loans, you must consider all the small print, set up fees and other costs as well as the annual interest. Invoice discounting is much simpler: it’s based on a fixed, pre-agreed fee and is NOT a debt at all. There are no repayments, no interest.
Is it risky?
No. Non-payment of the invoice is a risk, but with our timSecure™ solution your business is protected. Most importantly, there’s no need to plan for re-payment as there are no repayments. In fact, as a tim.customer, you make no payments at all; you simply receive the balance of your funding – when your debtor (your client) pays.
If I use tim., can my business still borrow money from other sources?
Absolutely. Because rather than lend money, tim. instead provides an online funding platform for the purchase of assets (unpaid invoices) from you. Quite often a business will use tim. in conjunction with a business overdraft or other debt facility.
Make cash flow management easy by aligning your accounting software to timEX.
tim’s accounting interface is quick to activate and helps to manage money and pay suppliers..