Time Finance: launches new secured loan product and doubles financial support available to UK SMEs

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Time Finance is delighted to announce that it has introduced a new secured loan product to support UK businesses’ growth and investment plans throughout 2022 and beyond.

In response to a growing demand for funding from UK SMEs as they enter the new year and put investing at the top of their agenda, Time Finance has doubled its supply of secured business loans from £250,000 to £500,000. The facility can be used to support a wide range of growth plans from investing in new products, vital machinery or real estate to solving cash flow problems. Whatever the need, lines of finance from £50,000 will be available to help achieve these business goals.

The launch is spearheaded by Sharon Bryden, director of commercial lending and asset-based lending at Time Finances, who joined the company in 2021 to help build financial support for business owners across the UK. It complements the company’s existing Business loan offer which already enables UK SMEs to take advantage of unsecured loans and VAT loans of up to £50,000.

As Sharon Bryden comments: “UK businesses have gone through a difficult period over the past two years and with government support initiatives ending and needing to be repaid, the need to access funds to cope with both to normal operating expenses and to provide investable capital for future growth.While commercial lending has been part of our portfolio since our inception over two decades ago, there is a renewed ambition to improve this flexible solution for businesses. Based on feedback from our network of intermediaries, our new secured loan product is easy to set up and quick to access, providing business owners with a solution that supports a large number of business initiatives. It complements our existing portfolio of financing solutions and means we can help even more businesses achieve read their plans.

Time Finance specializes in providing or setting up finance solutions for UK businesses looking to access the finance they need to achieve their growth plans, from asset finance to invoice, loan and debt financing. vehicles. As the market continues to improve, Time Finance is confident that the company is well positioned to take advantage of the increasing number of opportunities that arise at the start of the new year.

With a diverse portfolio of financing solutions, the company can already offer a multi-product solution for businesses seeking a higher level of financing across multiple assets, but it plans to continue to strengthen its offering and truly offer a lending proposition based on market-leading assets to support their future ambition.

Sharon concludes: “At Time Finance, we recognize the important role businesses play in rebuilding our economies. We are committed to providing solid financing solutions to these businesses to inspire growth. We have ambitious plans to drive change in the marketplace and scale up support for SMEs. Our ability to provide financing for every business need is key to being able to provide the right financing solution to our customers.”

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