Time Finance appoints head of sales in the South

Time Finance has appointed Terry Wolfendale as head of sales for the South within its invoice finance division.

Bringing with him a wealth of sales experience in the invoice finance market, Terry will head up the southern sales team and will be responsible for developing and growing the business’ invoice finance position and brand across London and the South East.

With a focus on growing its lending book to more than £300m by 2028, Time Finance is expanding both its team and technological capabilities across its product portfolio.

This includes multi-product/asset-based lending (ABL) deals, through which businesses can unlock finance through their existing assets, including invoices, property, stock or machinery. Time Finance’s funding solutions now range from £50,000 to £5m.

Terry joins Time Finance having held a number of senior leadership roles over a 25-year period, including Lloyds Commercial Finance, Bibby Invoice Finance, RBS and Shawbrook. More recently Terry has been operating his own brokerage, serving SMEs with finance solutions.

Phil Chesham, managing director of invoice finance at Time Finance, said: "I’m thrilled someone of Terry’s calibre will be leading our southern sales team for invoice finance. He brings with him a wealth of experience from both the funder and introducer side of the table, which is an invaluable perspective to have when helping to structure often challenging finance solutions for SMEs.”

Terry commented: “I’m excited to be joining Time Finance at such an important juncture in their growth journey. Time has a fantastic reputation in the market - with customers and brokers alike - and I’m looking forward to being a part of their continued success. I’m particularly excited by the opportunity to work for such a creative and flexible lender; and to help more SMEs access the finance solutions they need.”