Time Finance PLC - finance provider to small and medium businesses - Agrees extension to its existing asset finance facility with the British Business Bank under its Enable funding programme. The current £35 million hard asset facility increases to £64 million and will also be available to fund the group’s vendor finance offering. This facility, along with further recently renewed and enhanced facilities, provides over £40 million of new funding capacity. Increases total funding facilities available to over £200 million. Time Finance says demand for asset finance remains strong. Chief Financial Officer James Roberts says: ‘The enhanced facility will enable Time Finance to provide additional funding to UK SMEs for their business-critical equipment in one of our more secured and key strategic growth areas.’

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