Time Finance appoints new head of sales in the south for its invoice finance division

Independent finance provider, Time Finance Plc has appointed Terry Wolfendale (pictured) as Head of Sales (South) within its Invoice Finance division as the lender ramps up its business finance support for SMEs.

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.

Terry’s appointment forms part of Time Finance Plc’s growth strategy. 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 increasingly popular 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 £50k 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 much-needed finance solutions.

Phil Chesham, Managing Director of Invoice Finance at Time Finance, comments: “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.”

Speaking of his appointment as Head of Sales (South) at Time Finance, Terry comments: “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.”

Time Finance specialises in the provision and arrangement of funding solutions to UK businesses seeking to access the finance they need to realise their growth plans. As well as Asset Finance, UK Businesses can take advantage of Time Finance’s extensive portfolio comprising, Invoice Finance, Business Loans and Asset Based Lending.

About Time Finance plc
Time Finance plc is an AIM-listed business specialising in the provision of funding solutions to UK businesses seeking to access the finance they need to realise their growth plans. UK businesses can take advantage of their multi-product offering, from Asset Finance to Invoice Finance, Business Loans and Asset Based Lending. Time Finance has grown rapidly and is currently undertaking a strategic plan to grow its overall lending book to over £300m by 2028. Time Finance operates from four locations across the UK – Bath, Reading, Manchester, and Warrington.