Debtor Finance2019-08-16T05:14:10+00:00

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.

As soon as you’re approved, you can upload some of your invoices or your entire Accounts Receivables ledger and you will receive the funds on the same day or within 24 hours of invoice verification. To get started, simply complete the online application form provided on our website. It will only take a few seconds and won’t affect your credit rating.

TIM charges no upfront application fees to set up an account, nor does TIM charge weekly or monthly interest and principal repayment fees like a traditional unsecured business loan. All you pay is a small percentage of the invoice value funded (called a discount fee) and only when your debtors pay their invoices. What this means is that you make no ongoing interest repayments at all. The actual discount fee charged varies based on the size and value of the business and the debtors being funded, suffice to say that it usually works out cheaper than taking out an unsecured business loan or even an unsecured overdraft facility. Yes, that’s correct – simple and fair.

TIM’s cash flow funding solutions DO NOT require property security as collateral. We use your Accounts Receivables ledger as collateral. The larger your ledger, the more funds we will advance you with no other physical security.

Quick Online Application

It will only take a few seconds & will not affect your credit rating.

Debtor finance is the smart use of money.

For small and medium size businesses that need working capital to keep growing

Businesses with annual revenue of at least $1.0 million 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

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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.

Get Started

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.

Get Started

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 upfront Application fees, no property security required and no hidden fees.

It’s 100% Flexible

We’ll provide the flexibility you require in order to manage your cash flows. No long lock-in contracts either.

Funding In 24 Hours

Don’t wait weeks or months for your money.

Why TIM?

We’ve arranged funding for clients against multiple debtors and on more than 22,000 invoices, now approaching three quarters of 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.

  • Low cost

    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.

  • Low risk

    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 $100,000 to $5.0 million available.

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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.

Boy Wetini

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.

Clarah Nel

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

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