Your company must be incorporated in Switzerland and sell products/services to other companies, with a minimum turnover of CHF1Mio per annum. Most of our clients are to mid- to larger sized businesses with revenues between CHF5Mio and CHF 50Mio.
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.
The facility can be used for general corporate purposes. Whether you want to use the funds to acquire new clients, adjust payment terms for existing customers of yours or buy new machines, is entirely up to you.
Our interest rate is a highly competitive rate, tailored to your business. Get in touch and we will give you a competitive rate to suit you and your business.
We use your accounts receivables as security, and do not require any additional collateral. We do not require you to have loss protection insurance either.
Apply online. Our team is always ready to support. After your online application is completed, we will be in touch with you personally to walk through our checklist and complete the onboarding process.
Whenever your accounts receivable books are uploaded into the TP24 platform, we will determine which ones meet the eligibility criteria, which also means they can be used as collateral for financing. Please reach out to our Sales team to get individual feedback on the eligibility of your receivables.
To maintain continuity in our service, we require a weekly update on the status of your accounts receivables. You can do this through an automated link with your accounting software, or manually in your personal online dashboard. This will only take you a couple of minutes of time each week.
We expect the standard process to take approximately between 1 and 3 weeks.
We work with an annual interest rate, charged on a monthly basis. Next to that, we charge a one-off upfront fee over the approved credit amount.
Loans are typically denominated in Swiss Francs, in special cases we also offer facilities in EUR, USD or GBP. The accounts receivable can be denominated in any of these four currencies to serve as collateral.
1) Your accounts receivables total at least CHF200K 2) Your business has been actively trading for more than 6 months 3) You are registered in Switzerland with a Swiss bank account.
The initial drawdown has a 90-day tenure, after this the loan is automatically rolled over every 30 days. If you want to adjust the drawdown amount, this can be done on every roll-over event by sending a drawdown request or by simple repayment.
The protection of your data is important to TP24 and we make sure that all our partners adhere to the highest standards of data protection. We will never share your data with any third parties without your explicit consent.
We set up your credit line by means of a silent assessment. This does not tell your buyers anything about any financing your company is receiving against them. Our service is discrete and reliable.