Time Finance, the leading alternative finance provider, are pleased to announce that they have renewed their back-to-back facility with RBSIF with a new 3-year deal. The £50m facility, which will be used exclusively to provide an increase in Invoice Finance facilities to business owners throughout the UK, is the important next stage in the firm’s ambitious growth plans.
The deal comes on the back of what has been a challenging eighteen months for business. Throughout the pandemic, Time Finance remained committed to enabling businesses to access a funding solution which met their requirements and more recently have seen an increase in the level of funding requests as firms put all their efforts into building back to pre-Covid levels. This increased facility will see Time Finance support more firms through invoice finance facilities than ever before.
Time Finance plc (LON:TIME) is an AIM-listed business specialising in the provision or arrangement of funding solutions to UK businesses seeking to access the finance they need to realise their growth plans.
