Time Finance launches new asset finance 'fast track' product

In response to an increased demand for finance from both established UK SMEs and aspiring business owners, as many prepare for increased costs around their operations, Time Finance has launched a new soft asset offering available up to £10,000.

The fast track solution has initially been launched to a select panel of brokers and will help SMEs benefit from funding facilities that support a wide range of investment plans for business critical assets.

Steve Nichols, director of asset finance at Time Finance, commented: "The UK business market has faced a challenging time over the last couple of years and many are looking for finance solutions to help them achieve their investment plans and ease cashflow. We want to offer real support for those looking to start their next business venture at a time when many are feeling uncertain about the future, so that they can do so confidently and with success.

“At Time Finance, we strive to make accessing finance and investing in the critical equipment that companies need easier and faster than ever before. That’s exactly what our new Fast Track solution strives to do. This launch comes at a crucial time and we're excited to finally share it with our brokers.

“By accelerating the process in which business owners typically go through to secure soft asset finance, it means that we’re able to help our brokers and their clients acquire the vital pieces of equipment quickly so they can concentrate on running their businesses.

“It’s something we feel has been a massive gap in the asset finance market and so we’re delighted to be driving change in the market and stepping up support for SMEs, particularly those just entering the business market.”