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.