Time Finance, the Bath-headquartered alternative funding provider, has strengthened its invoice finance team with the appointment of a new business development manager.
Jake Smedley, pictured, joins with a background in corporate insolvency and alternative finance, having spent the past six years supporting businesses through recovery and turnaround plans in addition to helping them to seek finance solutions for growth.
In his new position he will be responsible for building and maintaining strong introducer relations in the Yorkshire, Humberside and Lincolnshire region, helping clients use invoice finance to unlock additional working capital.
Jake said: “Time Finance has an excellent reputation for not only taking the time to source the right solutions for clients but delivering funding swiftly and maintaining high client retention figures. It’s great to be a part of the team.
“Moving into this role comes at an opportune time. Businesses in Yorkshire, among many regions, are facing a lot of challenges right now, whether that be rising costs, cashflow issues, supply chain disruption or simply lack of access to finance to grasp hold of opportunities.
“I’m looking forward to working closely with my introducer network to spot opportunities and react swiftly to aid business confidence and support their growth.”
Time Finance offers confidential and disclosed facilities ranging from £10,000 to £2.5m. The firm also specialises in asset and loan finance products.
Time Finance head of sales Andy Hume added: “Jake is a great addition to our team, and we are delighted to have him on board as we continue to expand our presence across the UK.
“As a national sales team, we are committed to delivering valuable and staple finance solutions to businesses who are looking to release additional working capital for additional headroom and growth.
“We have ambitious growth objectives to continue enabling UK SMEs to gain easy access to our Invoice Finance solutions and Jake’s appointment will help us in achieving this.”
Jake’s appointment is the latest at Time Finance in recent months. Kevein Howard joined as head of relationship management for the invoice finance Southern team, while Lauren Sharples arrived as a broker manager to drive its asset finance offering in the South of England. Meanwhile, the firm opened a new invoice finance office in Reading last month.
