Time Finance raises lending cap to £5m to boost SME support

Independent lender Time Finance has announced an expansion of its lending capacity, increasing the maximum facility limit for its Invoice Finance and Asset Based Lending (ABL) products from £3.5 million to £5 million.

The move is aimed at strengthening the firm’s support for UK small and medium-sized enterprises (SMEs), particularly those with larger funding needs. The increase comes as the AIM-listed company reports a record year-end own book lending total of £217 million as of 31 May 2025, with ambitions to grow that figure to over £300 million within three years.

The announcement coincides with Time Finance completing its largest deal to date – a £4.5 million Confidential Invoice Finance facility for a UK-wide social care provider. The funding replaces a smaller overdraft previously held with a high street bank and will provide the organisation with additional trading headroom.

According to Time Finance, the deal involved a complex group structure of nearly 20 active entities, 12 of which were funded under the facility.

“SMEs need a trusted, expert and dependable lender that understands their specific challenges and ambitions,” said Rimmer. “We are continually reviewing our offering to better serve SME needs. Increasing our facility limit enables us to support larger businesses that require flexible funding and a high level of personal service.”