Bath-headquartered specialist funder Time Finance has appointed Paul Seddon to the newly created role of head of credit to help to strengthen and shape the firm’s asset finance proposition.
The move comes as the firm continues to increase its lending to UK small and medium-sized enterprises looking to invest in business-critical equipment.
Paul brings more than 40 years’ experience to the job having built a credible career in risk management, with an increasing focus on managing commercial asset finance portfolios through underwriting and monitoring of agreements.
He joins Time Finance having held roles at Aldermore Bank, Alliance and Leicester Commercial Finance, Handelsbanken and Royal Bank of Scotland (RBS).
As head of credit he will work closely with Time Finance’s director of risk Lorraine Neyland to help develop and shape the firm’s credit risk framework, appetite and policies as well as deliver its asset based lending (ABL) proposition.
Paul said: “The opportunity to join Time Finance was an exciting prospect and comes at a crucial time, whereby contributing to the growth of UK businesses is essential for the health of our economy and enabling adequate access to finance is key.
“I look forward to working with the wider business to ensure that credit decisions are made on fair and solid judgement, and that funds are administered swiftly so that our clients can move forward with their investment and growth plans.”
Lorraine Neyland added: “Paul is a fantastic appointment for our team. With a proven track record behind him and a wealth of experience in the asset finance industry, he will be a great addition to the business.
“His role will be essential in helping us to strengthen our proposition to market and continue our growth strategy as we look to increase our support for businesses looking to invest, grow and thrive.”
Time Finance specialise in offering invoice, asset, property and vehicle finance along with commercial loans to thousands of growing businesses across the UK.
