New data from Time Finance reveals peace of mind, flexibility and supporting cashflow to be the top three benefits of having an Invoice Finance facility, according to UK business owners.
As well as this, 42% of UK business owners told Time Finance that Invoice Finance gives them more financial freedom, whilst one in four said it helps them to relieve valuable time wasted in chasing payments and more time to grow their business. A further 17% said they have better relationships with their customers as a result of this facility.
As an alternative finance solution that releases up to 90% of the value of unpaid invoices, Invoice Finance is an increasingly popular solution that helps business owners to access additional working capital and use the funds to support day-to-day cashflow requirements or support innovation and growth.
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.