Time Finance hopes to demystify the misconceptions surrounding invoice finance in an exclusive webinar in conjunction with the British Business Bank.
The webinar forms part of the bank’s Business Finance Week campaign during October.
The Invoice Finance Uncovered: Cashflow Solutions for Growing SMEs webinar will take place on Wednesday October 8th at 10am and will explore how invoice finance can support the success and growth of UK SMEs.
Time Finance and the British Business Bank will be joined by Hertfordshire-based SME, Soilex, which has a £450,000 invoice finance facility with Time Finance, which is fuelling business expansion and helps to fund new business contracts, recruitment and new equipment.
The webinar will explore some of the misconceptions of invoice finance, uncovering how the solution works and its potential in supporting both everyday cashflow challenges and future investment plans.
Ed Rimmer, CEO of Time Finance, said: “There are long-held misconceptions that Invoice Finance is only for struggling businesses when in reality, it is a valuable finance tool for growth.
“By improving cashflow, Invoice Finance unlocks investment opportunities and facilitates growth.
“Earlier this year we surveyed 500 SME owners and found 70% are either unaware of Invoice Finance or actively opt out of using the cashflow solution.
“Invoice Finance isn’t right for every business, but our webinar will help build awareness of how the solution works and its potential role in businesses’ success.”
Gaynor Dykes, director at British Business Bank, added: “We’re delighted to support Business Finance Week and partner with Time Finance to help break down the myths of invoice finance for UK smaller businesses.
“By dismantling these barriers and sharing digestible insights, we hope to empower more businesses to unlock the funding they need to grow and thrive.”
Alex Collman, founder and managing director, said: “Invoice Finance has always been a valuable funding solution for SoilEx.
“It aided cashflow for us to get off the ground, and it has been a crucial part of our financial planning and growth since.”
