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22 Jun 2023 / Invoice Finance

Time Finance welcome David Hewitt as BDM in its Invoice Finance team

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Time Finance is pleased to announce the appointment of David Hewitt as Business Development Manager.

David joins Time Finance with over 40 year’s industry experience in business development. David started his career in commercial banking at Lloyds Banking Group before gaining experience at the Bank of Ireland Asset Finance, RBS Invoice Finance and most recently Yorkshire Bank, where his primary responsibility was to support new and existing businesses with growth, expansion and consolidation.

In his new role at Time Finance, David will be responsible for building and maintaining strong introducer relations across the Midlands, by providing their clients with the array of finance solutions provided by Time Finance.

Speaking of his appointment, David said: “I’m absolutely thrilled to be joining the team at Time Finance. They are a finance provider with clear growth aspirations and a real desire to help support more UK businesses in accessing well-structured financial solutions.

“With invaluable experience gained through my whole career in banking and finance, I'm delighted to have the chance to utilise my skills and knowledge to make a difference in supporting businesses with a range of different products and to bring our clients greater future stability.”

David’s recruitment is the latest in a string of appointments at Time Finance in recent months. With plans to double its Invoice Finances sales team in 2023 and expand its presence across the UK, the business recently welcomed Tariq Bourdouane and Thomas Ludden as Business Development Managers, covering the North West, East Anglia and the East and West Midlands.

Adrian Payne, Head of Sales (South) at Time Finance, added: “I am delighted to welcome David to our team. His extensive experience in driving business growth and background in business development make him a valuable addition. I am confident that David’s expertise and passion for supporting businesses will greatly contribute to our continued success.

“As a national sales team, we’re dedicated to providing businesses with valuable and essential financial solutions. Our mission is to empower businesses by granting them access to working capital, enabling them to thrive and adapt. With ambitious growth targets, our primary focus is to empower UK SMEs through access Invoice Finance solutions. David’s appointment plays a crucial role in our ongoing expansion efforts, ensuring that we can effectively realise these objectives while expanding our footprint across the UK.”

Invoice Finance can relieve the pressure on cashflow and give businesses the freedom to grow. By releasing up to 90% of the value of unpaid invoices, businesses can access additional working capital and use the funds to support day-to-day cashflow requirements or fuel investment plans. As well as Invoice Finance solutions, Time Finance provides Asset Finance, Business Loan, Vehicle Finance and Asset Based Lending solutions, and supports more than 10,000 business owners across the UK.

In May this year, the alternative finance provider reached a lending milestone with the delivery of its first Asset Based Lending facility. The £1.1million facility comprised a £650,000 Invoice Finance facility and £450,000 Property Loan. The deal was packaged as a result of rising demand for multi-product funding solutions and Time Finance’s commitment to provide flexible and innovative solutions to businesses across the UK.