Unlocking Growth: Time Finance Expands Funding Facility with NatWest to Support UK SMEs

In a strategic move to bolster the growth of small and medium-sized enterprises (SMEs) across the United Kingdom, Time Finance has announced the expansion of its back-to-back invoice finance funding line with NatWest. This enhanced facility aims to provide a vital lifeline for UK-based businesses, empowering them to navigate the challenges of the current economic landscape and unlock their full potential.

Empowering UK SMEs: Time Finance's Commitment to Fueling Growth

Strengthening the SME Funding Landscape

The increased funding facility, now totaling £65 million ($85.11 million), represents a significant step forward in Time Finance's mission to support the UK's vibrant SME marketplace. This expansion not only demonstrates the company's unwavering commitment to the success of small and medium-sized businesses but also underscores the growing demand for invoice finance and asset-based lending solutions.By providing a more robust and accessible funding stream, Time Finance aims to empower UK SMEs to navigate the complexities of cash flow management, seize growth opportunities, and ultimately, contribute to the overall economic prosperity of the nation. The facility's £55 million in fully committed funds, coupled with a £10 million accordion feature, offers a flexible and tailored approach to meet the diverse needs of businesses across various sectors.

Fostering Long-Term Partnerships

The renewed and expanded partnership with NatWest further solidifies Time Finance's position as a trusted and reliable provider of SME funding solutions. The strong and long-standing relationship between the two organizations has been a key driver in the confidence and support demonstrated by NatWest through this enhanced facility.This collaborative effort not only strengthens the financial ecosystem for UK SMEs but also underscores the importance of fostering strategic partnerships to address the evolving needs of the business community. By working closely with a respected financial institution like NatWest, Time Finance can leverage its expertise and resources to deliver comprehensive and tailored funding solutions to its growing client base.

Responding to Increased Demand

The expansion of the funding facility comes at a critical juncture, as Time Finance has witnessed a more than threefold increase in funds advanced to clients over the past three years. This surge in demand reflects the growing need for innovative financing options among UK SMEs, as they navigate the challenges posed by the pandemic and seek to capitalize on emerging opportunities.By enhancing its funding capabilities, Time Finance is poised to reach an even broader spectrum of businesses, catering to both new and existing clients. This strategic move not only addresses the immediate funding requirements of SMEs but also positions Time Finance as a leading independent provider of SME funding in the UK, ready to support the long-term growth and resilience of the nation's entrepreneurial ecosystem.

Empowering Brokers and Reaching More Businesses

Recognizing the vital role of its broker network, Time Finance is committed to leveraging this expanded facility to empower its valued partners and reach an even greater number of SMEs in need of investment. By providing brokers with access to a more robust funding stream, Time Finance aims to facilitate seamless access to invoice finance and asset-based lending solutions, enabling businesses to secure the necessary capital to fuel their growth plans and strengthen their cash flow.This collaborative approach not only benefits the SMEs directly but also reinforces the crucial role that brokers play in connecting businesses with the right financial solutions. By working in tandem with its broker network, Time Finance can ensure that the increased funding capacity is channeled effectively to support the diverse needs of UK-based enterprises, ultimately contributing to the overall economic vitality of the nation.

Unlocking Opportunities for UK SMEs

The expansion of Time Finance's funding facility with NatWest represents a significant milestone in the company's ongoing mission to empower UK SMEs. By providing a more robust and accessible funding stream, Time Finance is poised to help businesses navigate the complexities of the current economic landscape, seize growth opportunities, and unlock their full potential.Through this strategic partnership, Time Finance and NatWest are demonstrating their unwavering commitment to the success of the UK's entrepreneurial ecosystem, recognizing the vital role that SMEs play in driving economic prosperity. As businesses continue to navigate the challenges and uncertainties of the post-pandemic era, this enhanced funding facility serves as a testament to the power of collaboration and the shared vision of supporting the growth and resilience of UK-based enterprises.