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Birmingham Post

Business

Andrew Arthur

Aim-listed Time Finance delivers ’milestone’ £1.1m asset lending facility

Time Finance AiM Bath

Alternative finance provider Time Finance has said it has delivered a “milestone” asset-based loan facility.

The Aim-listed firm said it had delivered a £1.1m package to a growing engineering firm in the South East, which specialised in steelwork, manufacturing and installation.

The facility, the first of its kind which Bath-based Time Finance has provided, will be used to provide core working capital for its client to take on new contracts and increase its turnover to £10m this year.

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