Late payments driving UK SMEs towards Invoice Finance, reveals Time Finance data

New data from Time Finance has shown the growing popularity of invoice finance amongst the B2B business community, with demand predicted to rise throughout the year as SMEs set out to stabilise their finances.

The new insight shows that invoice finance is ranked highest amongst alternative finance solutions, with 32% of financial intermediaries stating that invoice finance will be the most popular service to support cashflow this year.

The data forms part of a large-scale review conducted by Time Finance to understand the financial challenges facing businesses, enabling the firm to tailor solutions that better serve the needs of its customers.

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.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
Time Finance plc

More articles like this

Time Finance plc

Cash flow forecasting best practices for 2024:

No matter what sector you work in, cash flow shortages can cause plenty of stress.  Whether that’s issues paying suppliers, looming overheads, or trying to retain savings, cash flow management can help. The outlook for the current

Time Finance plc

Empowering women in finance: Insights from Time Finance

This International Women’s Day we sat down with the incredible women making a difference across Time Finance, who share their experience of working in an industry perceived to be male dominated, and how they have inspired

Time Finance plc

Time Finance notable Profit Surge and Promising Future

Time Finance shines with a notable profit surge and insider buying, indicating robust growth and financial health. A deep dive into its promising future. As investors constantly seek out companies with strong growth prospects and financial

Time Finance plc

Empowering SMEs for economic strength and growth

As the Government rolls out its Help to Grow campaign, designed to boost small businesses across the UK, our Chief Executive, Ed Rimmer, explores the measures that will help the business community and shares his thoughts on