Wholesalers play a key part in Australia’s economy, often taking on the logistical burden of importing goods that other businesses need from overseas. TIM’s import finance is a smart way to fund those wholesale operations, and can perfectly match your scale and ambitions.
Whether they are importing consumer goods that retailers want to stock, or industrial supplies for the construction, extraction or manufacturing sector, wholesalers play an important role in Australia’s trade.
Accordingly, it can also be a profitable niche to be in, and many wholesalers will find themselves wanting to scale up. This will naturally require funding, as it involves buying ever more supplies from abroad. These will have to be paid for long before they are received and sold on, so a significant cash flow gap is inevitable for businesses in the sector.
Import finance is a specialist business funding solution designed to plug that gap. With nimble fintech operators like TIM, it can be very flexible and easy to use, allowing wholesalers to take charge of their finances and removing a major barrier to growth.
Better Funding for Wholesale Importers
Unlike generalist business funding solutions such as a business loan, which involves borrowing a fixed amount of money for a period which usually stretches to several years, import finance is flexible and tailored to you by design.
With import finance, you decide on the order you want to place with an overseas supplier, according to your sales expectations and demand from your customers. When you receive the invoice from your purchase order, instead of paying it yourself, you will simply forward it on to us. We pay your supplier and ensure that the goods are despatched ’post haste’. You pay us back on agreed terms, 30 or 60 days later.
This form of smart funding means you always receive the exact amount you need, for a period designed to cover your cash flow gap. Those wholesalers who face a further gap caused by late payment by their business customers can extend this funding bridge on the other side, with TIM’s flexible invoice discounting.
Smart Trade Finance
Some wholesalers are experts in importing: these will likely already appreciate the benefits of import finance, although they may be pleasantly surprised the nimble solutions TIM can provide. For those who are just starting out in international trade – as part of a growth plan or in response to a specific customer demand, perhaps – import finance has further benefits in that it helps to de-risk the process of buying from foreign jurisdictions.
Import finance solutions such as TIM’s can remove the administration, the forex risks, the bureaucracy and even the cultural misunderstandings: A dedicated account manager oversees the entire import transaction, keeping you updated on your orders in production, in transit and on delivery. It completely removes the administration complexities and cash flows usually required in managing imports.
With our staff on the ground in China, Asia and the USA, the Quality Control (QC) of your product is managed by TIM before leaving the factory to ensure quality standards expected by Australian companies. And the price quoted by TIM is the all-inclusive Australian dollar price per shipment delivered to your business, with nothing more to pay.
So what are you waiting for? If you’re not already importing as a wholesaler, take a look at the savings you can make, and the profits available if you do. With TIM, it’s never been easier
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.
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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.