Progress further with CreditLine. Standing apart from traditional types of business finance, it is a revolving line of credit that’s continually calculated against the value of your receivables.
So you can use the value that’s already in your business to serve all your working capital needs.. Quick and easy to manage so you can spend your time on what’s important, your business. Now that’s progress.
The dynamic line of credit is continually calculated against up to 80% of the value of your outstanding invoices.
CreditLine can be used for whatever your business needs without the need for personal property as security. All invoices assessed, even international ones with no requirement for new bank accounts, or identifying Creditline to your customers.
Locked in contracts, hidden fees, complicated processes and complex rules ” is not our way”. We’ll get your credit facility set up without needing to notify your buyers. It gets renewed each year after a quick review from our side. All you have to do is provide us with a weekly update on your accounts receivables. Automatically via your accounting software. Or manually using our online dashboard. Do better things with your time. Instead of wasting your time on admin, managing your funds couldn’t be simpler. Underpinned by our unique credit insurance wrap.
Apply or get in touch with the TP24 team
Connect your accounting software
Account set up and approval
Draw down your funds
To be eligible : Your company must be an Australian entity (with an ACN) and selling products/services to other companies, most suitable to mid- to larger sized businesses with revenues exceeding $1m per annum.
Our product is intended for general corporate purposes. Whether you use it to onboard new clients, extend payment terms for existing clients or buy new machinery, it is entirely up to you. We do not pose any restrictions for the use of the financing.
Your credit limit is determined by the total value of your eligible outstanding invoices combined the level of funding required. Our team will chat to you about the appropriate level of credit during the assessment and approval stage.
Contrary to classic factoring, you remain in full control of your accounts receivable. We offer financing against a much wider range of receivables and have transparent pricing structure, with no hidden fees.
Our interest rate is a highly competitive single-digit rate, tailored to your business. Get in touch and we will give you a competitive rate to suit you and your business.
No, the loan is intended for general corporate purposes. Whether you use it to onboard new clients, extend payment terms for existing clients or buy new machinery, it is entirely up to you.