Funding for Freight Forwarders and Customs Brokers
Call us: 1300 694 686
TIM Finance is a proud partner of IFCBAA and specialist financiers to the industry.
Balancing the timing difference between having to pay shippers, warehouses, logistics providers, duties, taxes and other expenses with receipt of income from your customers is a challenge. Whether you are a start up or a well established business, being in control of your own cash flow and not relying on the payment cycle of your customers, is critical.
Don’t wait for 30 – 45+ days for your customers to pay your invoices. Turn your outstanding invoices into cash within 24 hours, with Freight Funding from TIM Finance.
Flexible, Easy Funding for your Business
Call us: 1300 694 686
What is Freight Funding?
“Cash is King” and never more so than in business. Why wait 30 to 45+ days for your invoices to be paid when you can access your cash within 24 hours of your invoice being issued.
All too often this cash is borrowed in the form of loans or overdrafts. Whereas many Freight Forwarders and Custom Brokers, actually already have the money, it’s just tied up in your unpaid invoices. Our finance solution unlocks that money by getting you cash upfront, instead of waiting 30 to 45+ days for an invoice to be paid. You can then utilise this money in your business.
Features of Freight Funding
Solve your business cash flow needs with flexible, fair funding.
It’s Application Fee Free
No application fees, no repayments, no bank fees, and no property security required.
It’s 100% Flexible
Select which invoices you would like to fund and offer as many or as few invoices each week or month as you require, to manage your cash flow.
Funding in 24 Hours
Receive 80% of your selected invoices within 24 hours of the invoice being verified, with the balance being received when the law firm pays.
TIM Secure Debt Protection
Non-recourse funding with protection against your debtor going into insolvency. If your client defaults on payment, TIM’s insurance will respond.
How much money can I get?
Typically, you receive up to 80% of your invoice value up front, in cash. You then receive the balance of the invoices, less the TIM agreed discount fee when your customers pay your invoices.
You can get as much as 85% of your total invoices if you fund all your invoices with us at any given time. Get in touch with us to find out how much money you can access today.
Ok, how much does this REALLY cost?
TIM has no application fees to establish your Funding Account. So, there are no upfront fees before you receive funds from TIM.
All you pay is a one-off amount on the invoices funded which is typically less than 2% of the invoice value and only when your debtors pay their invoices. What this means is that you make no interest repayments at all. Yes, That’s it. Simple and fair.
Why should I go with TIM?
We have funded over half a billion dollars to over 350 Australian businesses representing 22,000+ invoices.
Here are just a few of the many benefits of working with TIM:
Low Risk – Protection against your client not paying you or defaulting on payment
If you issue invoices and your client (the debtor) fails to pay, and your business has not committed a fraudulent transaction, then TIMSecure™ steps in and protects you and covers up to 90% of the funding provided as well as the legal costs to chase your client (debtor). This is unlike business loans where you run the risk of losing your business as well as personal assets in the event of default by your client.
With TIM you are not locked into repayments on a daily, weekly, or monthly schedule. In fact, there are no repayments at all because TIM is not a bank or like other ‘unsecured’ cash flow lenders and does not force businesses into ongoing loan facilities with fixed repayment terms. All you pay is a low pre-agreed fee and only at the time when your client pays their invoice/s.
No Hidden Fees
Extra fees are so common in business lending that SMEs have got used to them – but they shouldn’t accept them! It’s worth looking at a short, non-exhaustive list of fees TIM does NOT charge compared to other lenders.
Available to all Australian businesses
TIM’s invoice finance facility is available to every Australian business that invoices other businesses (B2B). We offer flexible funding facilities ranging from $100,000 to $5.0 million. Even if you can’t get a business loan or overdraft, you can qualify for invoice financing as it is based on your current sales, not your past.
Fully Flexible Option without Long Lock-in Periods
Flexible and tailored funding solution for your business. Your business is not burdened with long ongoing contracts and repayment schedules. You can raise the cash flow against your debtors ledger whenever it suits you and your requirements.
Easy & fast application process
Apply online from the comfort of your home or business, no unnecessary paper-work. Get up to 80% of your invoices paid within 24-hours of approval. Our simple online system gives you full control over your financing.
Here’s why the experts choose TIM
This is Loren. She doesn’t work for us, but we’ve done a lot of business together. Loren is one of the many trusted business consultants who consistently recommend TIM to their clients. Watch the video below to find out why.
TIM Funding Process
5 simple steps to secure funding
Quick same-day setup
- No application or set-up fees
- No long lock-in contracts
- No property security required
Select your invoices and upload
- 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
Access up to 80% of your cash up front
- Get up to 80% of your invoices paid to you without any hold backs or fees
- Get your money within just 24 hours of approval
Access balance of cash
- 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
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.
Get Tomorrow’s Cash flow Today
Helping you find smarter ways to use your own cash and avoid the pitfalls of borrowing funds. TIM Finance is always ready to help in a fairer, more flexible and far more affordable manner than a traditional business loan. Contact a TIM expert today.
TIM Finance offers several different funding solutions (Services), one or more of which has a no-fee, no interest and no long lock in contract period, called the Fully Flexible funding option. Conditions, fees and charges apply to some of the Services provided, which may change or we may introduce new ones in the future. Full details for all funding options (Services) including any fees and charges which may apply, is available on request. Lending criteria apply to approval of credit products. This information does not take your personal objectives, circumstances or needs into account. Consider it’s appropriateness to these factors before acting on it. Read the funding agreements provided, for your selected product/service, including all the Terms and Conditions contained in agreements provided, before proceeding. *T&Cs: Minimum 12 month invoice funding contract with TIM Finance. Direct clients only, offer doesn’t apply to broker introduced clients. All standard credit terms and conditions apply including credit assessment. Not applicable to existing clients.