Bath-headquartered alternative finance provider Time Finance has continued to expand in its invoice finance team with the appointment of David Nurcombe as business development manager.
David, pictured, joins Time Finance with more than 25 years’ experience in the business finance sector, having started his career at Lloyds Banking Group before moving on to become a business development manager at Investec Capital Solutions.
In his most recent role, as regional sales director at Skipton Business Finance, he was responsible for generating awareness of the growth funding available to business owners across East London, Essex and East Anglia.
Time Finance has been growing its invoice finance offering alongside its other core business areas of asset finance, commercial loans, property finance and vehicle finance for expanding small businesses as the economy bounces back from the impact of the pandemic.
Invoice finance can relieve pressure on cashflow and give businesses the freedom to grow by releasing up to 90% of the value of unpaid invoices. Time Finance offers confidential and disclosed facilities ranging from £10,000 to £2.5m.
David said it was an exciting time to be joining the firm. “There’s a definite momentum in the market with investment high on the agenda and many business owners are looking for cashflow funding solutions to help capitalise on new opportunities,” he added.
“Stepping up to this new role presents a great opportunity to drive support through our enhanced Invoice Finance offering.”
Time Finance head of sales Adrian Payne described David was a great addition to its team as it continued 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 innovation and growth,” he said.
“We have ambitious growth objectives to continue enabling UK SMEs to gain easy access to our invoice finance solutions and David’s appointment will help us in achieving this.”
David is the latest in a string of new joiners at Time Finance in recent months, including Steve Nichols as director of asset finance, Michael Freebury as head of sales for Wales in its invoice finance team, and Lauren Maloney as business development manager.
