Time Finance, the alternative finance provider, has extended its block discounting facility with Cynergy Business Finance (CBF), the asset-based lending (ABL) arm of Cynergy Bank, now totalling £15m.
In line with its growth strategy, Time Finance sought additional capital to support its expanding lending portfolio, currently exceeding £185m. Collaborating closely with Time Finance, CBF secured the £15m facility to unlock capital from its customer agreements.
