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. That’s progress.
The dynamic SME 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 additional guarantees as security. We can lend against Swiss and international invoices, with no requirement for new bank accounts or notifying your customers of any assignment.
TP24 stands for fair contracts, transparent pricing, simple processes and very limited admin. 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.
Enquire conveniently online
Together we explore your needs and product fit
We analyse your documentation & application
You draw down your funds
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.