Since launching in 2015, Timelio has been committed to shaking up the traditional business funding model. Focused on fast, flexible lending, Timelio has provided hundreds of big and small enterprises with innovative financing solutions to help them grow to the next level.
Looking for a business loan to boost your cashflow? Timelio might just have the solution for you, with funding options that range from invoice finance to supply chain finance.
If you’re interested in finding out more, check out the table below for a snapshot of key features, fees, rates and processes that come with a Timelio invoice finance:
Line of Credit
No lock in contract, flexible funding drawdowns, international invoices, trade finance
Given that no two businesses are the same, Timelio offers personalised rates based on your specific situation. Rates are determined by a range of factors including the size or credit risk of your customer, your trading history with your customer and your financial position.
The good news is there are no application fees or ongoing service fees to worry about with Timelio’s invoice finance. However, you will need to factor in a couple of other fees: a transaction fee for each invoice funded, plus a discount fee paid to Timelio investors which is calculated daily.
Timelio says its online application takes as little as about 10 minutes to complete and you could be approved in just one business day, as long as you’ve provided all the required information. Once approved, simply upload your invoices and you should be able to receive funding within the day.
Timelio is serious about funding businesses of all sizes, from startups through to established and ASX businesses, which is why it has no minimum turnover or trading period requirements. The only catch is that to qualify for invoice finance, your invoice must be at least $10,000. But Timelio says it’s also happy for businesses to get in touch if they’re looking to bundle smaller invoices (under $10,000) together for the one customer.