Invoice discounting is a great way of ensuring your business has the healthy cash flow it needs to operate and thrive. It can also be a smart way to get funds the business requires to invest in growth without getting tied into a loan with a fixed repayment schedule at high interest rates.
Flexible invoice discounting offers an alternative to business overdrafts and unsecured loans by leveraging the thousands of dollars which businesses have tied up in unpaid invoices. By unlocking the cash in its accounts receivable ledger and getting that money today, a business can often meet all its finance requirements without having to sign up to a loan or give away equity.
We have a fast, simple online application process (or if you prefer we can send an application form via email). Simply complete the form provided (5-minutes), include the supporting documents required and you will have an offer tailored to your business within a few business hours.
Invoice Financing is not like a conventional business loan with regular weekly or monthly payments. Instead, tim. will fund your business in advance against the invoices you provide. Upto 90% of the value of the invoices is funded on the invoice issue date with the remaining amount (minus a small administration or discount fee) when your client pays their invoice/s in full.
The cost of the administration or discount fee charged by tim. for providing up front capital varies from client to client depending on total capital required and the invoice payment terms. However, it is generally a far lower cost and strain on cashflow than other traditional short-term funding options.
No. The outstanding invoices raised by your business provide the security. This is why invoice 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!
Invoice discounting 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?
Typically, you receive up to 90% of your invoice/s value up front, in cash. You then receive the balance of the invoice/s, less the tim. agreed discount fee when your debtor/s pay your invoice/s.
You can access as much as 90% of your total accounts receivable ledger, at any given time. Our easy-to-use calculator can help you work out how much money you could raise.
So, where are the hidden charges?
With tim., there aren’t any. Not only is establishing a Funding Account completely free, there are no upfront fees on the process of getting cash. What’s more, invoice discounting is not a loan, so there are no interest repayments to be made.
You choose which invoices to fund with tim. and tim. will deduct a small discount fee only when your client pays their invoices, which credits your funding account allowing you to redraw to your approved Facility Limit for the new invoices you raise. You never need to worry about finding the money to repay the funding or the fee.
tim. really is that simple and fair.
Why Choose Invoice Discounting
It’s the flexible, fair way to meet your business funding needs.
Australian businesses traditionally relied on loans and bank overdrafts for their funding. This meant that they were forced to sign up to years of interest rates and repayments even when they only needed to cover a gap in their cash flow. No wonder that Australian businesses have embraced invoice discounting to the tune of $60 billion a year. Australian SMEs who use invoice discounting are getting a far better and fairer deal.
No Hidden Fees
We’ve said it before, but we’ll say it again because Australian SMEs are so used to the hidden fees and rates charged by banks that they can’t believe it. tim. has no hidden application or set up fees.
It’s 100% flexible
With tim., you are in control. Use our online system to manage your cash flow and chose the invoices and debtors you want to cash, as and when required.
funding in 24 hours
Don’t wait weeks or months for your money.
Our fair and easy system has proved extremely popular. We’ve arranged funding on more than 20,000 invoices, handing over $350 million to Australian businesses, months before they would have seen the cash from clients.
The benefits of working with tim. include:
Available to all
Your credit history is not important and we don’t care if the banks will give you a loan or not. Because your invoice is a guarantee that the money is on the way, invoice discounting with tim. is available to every Australian business that invoices other businesses (B2B). Flexible funding facilities ranging from $50,000 to $5.0 million are available to Australian SMEs with suitable receivables on their ledger.
Not only is tim’s single discount system fair, it’s highly cost effective. We don’t charge interest, and we don’t lock our clients into re-payment schedules that lead to extra charges when they aren’t met. And there are no application or set-up fees.
Unlike banks, who will take your business and your personal assets if you can’t pay them back, tim’s only claim is on the invoices you offer for discounting. We even have a proprietary system, timSecure™ to protect you if your client doesn’t pay. Provided you acted within the law, you can rest safe in the knowledge that timSecure™ can cover up to 90% of the funding on a defaulted invoice and can also help to chase a debtor who failed to pay.
No restrictive contracts or long lock-in periods
tim. offers flexible invoice discounting. It’s what we were set up to do, with an easy-to-use online account that gives businesses full control of their cash flow. That means no long lock-in periods or re-payment schedules. Your funding is automatically repaid as invoices are settled.
Easy & fast
Getting your money to you fast is our priority. 90% of invoices are paid within 24-hours of approval. And with our online account giving you full control, you draw down funds when you need to.
No Hidden Fees
With most lenders, there’s a hidden catch. Not with tim’s flexible invoice discounting, which is based on a single fixed-amount payment. Here are some of the fees that other lenders charge, but tim. doesn’t:
- No set-up fees
- No exit fees
- No unused facility fees
- No audit fees
- No property security
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.