UK SME finance provider Time Finance has announced a £58,500 asset finance facility to support engineering firm, DARL Engineering with new machinery investment.
The Coventry-based firm – which specialises in engineering solutions for the automotive and industrial sectors – approached the funder with assistance to buy a specialised machine capable of manufacturing replacement engines for the iconic Porsche RSR that would help them to fulfil new contracts.
Kim Lynam, director at DARL Engineering, said: “We are grateful to Time Finance for their support. This asset finance facility has empowered us to invest in the necessary machinery to take on this new and exciting contract.”
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.