Time Finance and Evolve Business Finance announced they have facilitated a six-figure funding boost for a family-run haulage business.
The business, a North East based haulage company, had plans to increase its fleet of vehicles by 40% in order to service new contracts with an existing customer. Its incumbent funder was unwilling to provide the additional funding support required to take on the new contract with confidence alongside managing weekly fuel and wage expenses.
Time Finance and Evolve Business Finance stepped in to package a £250,000 Invoice Finance facility. As an immediate cash injection, the business had the financial headroom needed to keep up with regular outgoings and invest in the new vehicles they needed to drive their business forward.
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. Time Finance can fund businesses or arrange funding with their trusted partners through Asset Finance, Invoice Finance, Business Loans, Vehicle Finance or Asset Based Lending.