Time Finance’s Multi-Product Solutions are structured around asset-based lending, allowing businesses to raise funding against assets including unpaid invoices, stock, property, machinery, equipment, vehicles and land. Rather than relying on a single form of finance, the approach combines different funding products within one facility.
Time Finance says this can provide businesses with access to between £100,000 and £5 million, depending on the assets available and the level of funding required.
The structure is designed for businesses that need additional liquidity for a range of purposes. This can include supporting day-to-day working capital, expanding operations, managing seasonal requirements, refinancing existing assets, funding acquisitions or completing management buy-outs and buy-ins.
The funding model is based on the principle that businesses can use assets already held within the company to release additional cash. For example, unpaid invoices can be financed alongside machinery or equipment, allowing a business to access working capital while also restructuring the funding attached to its physical assets.
This can be relevant for businesses where cash is tied up in assets or where customers are taking longer to settle invoices. By bringing different forms of finance together, the company can potentially reduce the need to arrange separate facilities with multiple lenders.
Time Finance’s multi-product structure combines Invoice Finance, Asset Finance and other forms of secured business lending. The exact combination is determined by the assets available and the funding requirement of the business.
The company assesses the assets involved before determining the level of funding that can be made available. This includes reviewing the sales ledger, confirmed order book, plant, machinery, vehicles, property and land. Funding can then be structured around the assets that provide the greatest borrowing potential.
A key feature of the model is that the available funding can increase as the underlying business and its assets grow. This provides a degree of flexibility for companies whose working capital requirements change as they expand.
The structure can also be used in situations where a business is undergoing a significant change. Time Finance identifies mergers and acquisitions, management buy-outs, management buy-ins and restructuring among the circumstances where a multi-product facility can be used.
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.
