What is a Cash Flow Loan
A cash flow loan is a type of borrowing that is used for day-to-day operations of a small to medium size business. Such a loan is used to finance working capital — payments for inventory, payroll, rent, etc and is paid back with incoming cash flows of the business.
A cash flow loan typically comes with a fixed term (6 to 12+ months) with fixed weekly or monthly interest charges that need to be paid, and often also comes with an upfront application fee.
A smart alternative to a Cash Flow Loan is Invoice Finance or Invoice Discounting.
TIM Finance (TIM) offers a flexible funding solution called Invoice Finance which is like a cash flow loan, but without the high fixed interest charges and the usual minimum term.
Invoice finance offers a great 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.
No need to resort to high-interest traditional loans or wait for 45 or 90+ days for your clients to pay your invoices. Turn your outstanding invoices into cash within 24 hours and meet your cash flow requirements with ease.
Quick Online Application
It will only take a few seconds & will not affect your credit rating.
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How does it work?
- You issue an invoice to your customers.
- Instead of waiting 60 to 90+ days for the client to pay your invoices, you send the invoices to TIM
- After the invoices are emailed or uploaded to us, we will transfer up to 90% of the face value of the invoice into your account within 24 hours of invoice verification.
- This allows you to meet your immediate cash flow requirements without the need to resort to a high-interest short term loan.
- 45 to 90+ days later when the invoice is paid in full by your client, your business will receive the remaining (10%) balance less a small fee.
- All we charge you is a small fee and only when the client pays your invoice. No upfront fees and no ongoing charges. Simple and straightforward!
How Much Money Can You Access?
- You can draw down on funds at any time and for any amount (minimum $100,000 per month) provided you have at least sufficient current invoices to provide for the amount you require.
- The amount of funding you can access is directly correlated to your current receivables ledger, not your past sales and not your debt position of the business.
- As your debtor/s pay their invoices as per your current payment terms, you are then able to repeat the process of re-drawing the funds you require, on a revolving basis. The TIM “cash flow loan” or invoice finance as we like to call it, can be utilised as and when you need it and you can access up to $5 million for your business at any one time.
- We offer flexible funding facilities ranging from $100,000 to $5 million.
TIM Invoice Finance
Offers A Great Solution To
For small and medium size businesses that need working capital to keep growing
Companies with revenue of at least $1.0m per annum or more and who have at least 4 regular paying customers
For businesses that are coming out of a tough trading environment that need cash today to bridge the gap between invoicing customers and getting paid
Seasonal cash flow fluctuations
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
Benefits of This Offering
Get funding within 24 hours of providing the required information
Only pay for what you use when you use it
No establishment fees
No ongoing interest charges
You make no repayments at all, as your debtor pays their invoice so you can then access the funds again (revolving facility)
Easy, quick online funding process
No property security required
The amount of funding is based on your sales not on your debt or ATO position of the business
Our Customers Have
Rated Us “Great”
Extremely great service
The personal service & inter-action was extremely gratifying, as a result we were able to do business, which has put our company in a very positive position, I can't speak highly enough of these professionals and would do business with them again, definitely recommend the great service they provide to anyone.
Excellent and Professional
We were experiencing a cash flow issue due to rapid expansion in our business. We dealt with TIM and all the lovely staff were so helpful and within a short amount of time we were able to solve our issues and resolve our cash flow. I would definitely use TIM again if needed without hesitation. I would also recommend them without any doubt to anyone in need of their services.
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..