Over the next six months, we’re expecting to see more and more SMEs turning to finance to support their cashflow. The current economic challenges will only amplify this need with global supply chain issues, rising interest rates, soaring inflation, fuel costs and upcoming tax hikes all posing as threats to the good progress businesses have made over the last 12 months.
Our research continues to reveal that a lack of working capital is one the greatest barriers to growth that a business can face. In fact, more than one in three UK business owners believe that access to finance will help them to take on and overcome the economic challenges 2022 continues to throw at them.
In a recent poll*, over 50% of the financial advisors and accountants we spoke to spotlighted Invoice Finance as a solution their B2B clients would likely turn to this year to release working capital, overcome challenges and grasp hold of new opportunities.
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.
