Exclusive Offer

Thornmoney Invoice Finance

Get a line of credit against your unpaid invoices and pay only for what you use. Interest charges and fees apply.

  • Finder Exclusive: Apply through Finder before 31 March 2022 to receive an establishment fee waiver.

Thornmoney offers an invoice financing product that acts as a line of credit. You can get up to 90% of your invoices funded, with credit limits based on the size of your receivables. You draw down the funds as you need, up to the approved limit, and pay for what you use. A drawdown fee, as well as interest and other fees apply. With Finder’s referral offer, your establishment fee of 0.5% to 1% will be waived.

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Main points to consider with Thornmoney Invoice Finance 

Thornmoney Invoice Finance is an invoice financing product that offers credit against your unpaid invoices. You can get up to 90% of your unpaid invoices financed. Thornmoney offers a fully digital service, allowing you to connect your accounting software without the hassle of audits. You can connect with Xero, MYOB, Quickbooks, Oracle Netsuite and other software. You can nominate which invoices you want funded and finance up to 90% of your unpaid invoices. It essentially works as a line of credit where you pay for what you use. It also offers a 24-hour turnaround time. Your repayments will come from the invoices when they are paid.  

Features of Thornmoney Invoice Finance 

  • Finder Exclusive. Apply before 31 March 2022 and secure an establishment fee waiver. 
  • Line of credit. This means that you only pay for what you use.  
  • Fund up to 90% of your invoices. Credit limits are based on your receivables ledger.
  • Quick online application. It takes 10 minutes to apply. 
  • Same-day funding. You can receive funding on the same day you apply or within 24 hours. 
  • No lock-in contracts.
  • Connect with your online account software. No audits required. You can connect directly with your accounting software and nominate the invoices you want funded. 
  • Confidential. The facility is confidential and your customers will not know you’re using it.    

How much does Thornmoney Invoice Finance cost? 

Thornmoney will provide you with a quote tailored to your business. Your cost schedule will be provided up-front and Thornmoney advertises zero hidden fees. You can expect to pay: 

  • Establishment fees. This can range between 0.5% and 1% of your approved credit limit. If you apply through Finder, you will receive a referral offer waiving the establishment fee. This offer is available for all new clients applying through Finder and is valid until 31 March 2022. 
  • Interest charges. You can expect to pay from 5% p.a. in interest. 
  • Drawdown fee. A fee of 0.5% to 1.25% applies when you borrow or draw down money.   

Other fees and charges may apply. 

How can I apply for Thornmoney Invoice Finance?

To be eligible for a line of credit with Thornmoney, you need to: 

  • Have an ABN or ACN
  • Have been trading for more than 9 months
  • Invoice after your work is completed
  • Have outstanding invoices for Australian businesses

To apply for Thornmoney invoice finance:

✅ Click “Go to site” to be directed to Thornmoney’s page.

🖨️ Organise and prepare the required documentation. This will make the application process easier.

📱 Apply. The application is entirely online.

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