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.
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.
Quick Online Application
It will only take a few seconds & will not affect your credit rating.
Invoice discounting 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
As Featured In
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.