{"id":16594,"date":"2024-10-02T07:52:19","date_gmt":"2024-10-02T06:52:19","guid":{"rendered":"https:\/\/www.thebusinessdesk.com\/south-west\/?p=16594"},"modified":"2024-10-02T07:52:19","modified_gmt":"2024-10-02T06:52:19","slug":"time-finance-extends-funding-facility-to-support-growth-plans","status":"publish","type":"post","link":"https:\/\/www.thebusinessdesk.com\/south-west\/news\/16594-time-finance-extends-funding-facility-to-support-growth-plans","title":{"rendered":"Time Finance extends funding facility to support growth plans"},"content":{"rendered":"

Independent specialist finance provider Time Finance has increased its back-to-back invoice finance funding facility with NatWest to \u00a365m.<\/p>\n

The AIM-listed group now has total funding of \u00a3225m available to support its lending and growth plans.<\/p>\n

Time Finance’s chief financial officer James Roberts said: “We have substantial funding facilities with ample headroom in place across all of our lending divisions. The provision of these larger and more flexible facilities will contribute significantly to our growth strategy and provide additional funding solutions for UK businesses.”<\/p>\n

The latest extension is for \u00a355m fully committed and an additional \u00a310m accordion facility.<\/p>\n

The accordion funding will be applied exclusively to lending to UK businesses and provides the Group’s invoice finance business, Time Invoice Finance.<\/p>\n","protected":false},"excerpt":{"rendered":"

Specialist finance provider is now backed by \u00a3225m across its divisions<\/p>\n","protected":false},"author":18,"featured_media":16595,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[127685,120781],"coauthors":[81],"class_list":["post-16594","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-services","category-markets","tag-bristol-and-bath","tag-featured-story"],"yoast_head":"\nTime Finance extends funding facility to support growth plans - South West<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.thebusinessdesk.com\/south-west\/news\/16594-time-finance-extends-funding-facility-to-support-growth-plans\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Time Finance extends funding facility to support growth plans - 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