The Application Process
TIMIA is built on a tech-enabled lending process helps us originate, underwrite, and manage debt capital for technology companies. We guide you through a three-phase risk assessment framework to approve your financing as quickly as possible.
The initial credit assessment examines 15 data points including recurring revenue (past 3 months), recurring revenue (past 12 months), gross margin percentage, logo churn, cash burn, debt outstanding, etc.
The second phase involves a deeper analysis of financial metrics. We will send you a monthly metrics sheet to complete with data from the last 24 months. This phase helps us determine if we will present a term sheet, and how we will price and structure the deal.
The final stage comprises a credit scoring process where our due diligence team validates the information provided. After due diligence, the TIMIA Investment Committee meets to review the deal and, if it is approved, the legal documents are circulated and the funding is completed.
Lending Process Timeline
- ASAPInitial call
- 2-5 DaysPhase 1: Credit Assessment
- 1 WeekPhase 2: Financial Analysis
- ASAPTerm Sheet Issued
- 3 WeeksPhase 3: Credit Score
- 1 WeekLegal Documents
Let’s Get Acquainted!
To make the process as seamless as possible, have the following details handy before scheduling the initial call:
- Revenue structure/model
- Annual recurring revenue or monthly recurring revenue
- Monthly burn rate (Is this less than 50% of MRR?)
- Annual growth rate
- Gross margin