Time Finance invests in invoice finance division with new appointment 

Time Finance has welcomed Paul Rice as business development manager within its invoice finance team in a move to expand the independent lender’s provision of funding support for SMEs across London and the South East.

In his new role Paul will be responsible for building Time Finance’s network of introducers across the south as the lender looks to expand on the 11,000 businesses it currently supports with funding solutions.

Paul joins Time Finance with over 25 years’ experience in the financial services industry. With a strong portfolio in invoice finance and asset based lending, Paul has previously held roles at Aldermore, Bibby Financial Services and RBS Invoice Finance.

Speaking of his appointment, Paul said: “Finding the right solutions for business owners and helping to make a difference to the outcomes of their goals is why I love this job. Time Finance has a great reputation within our industry, with a good appetite for credit and a full suite of products; I look forward to bringing this to my network and reaching more businesses with the solutions they need to grow.”

Forming part of Time Finance’s business growth strategy, Paul’s recruitment follows the recent appointment of Terry Wolfendale as head of sales and Danielle Lynch as relationship manager to further invest in the business’ invoice finance offering.

Terry Wolfendale, head of sales (South) at Time Finance said: “We are very pleased to welcome Paul to the team. Having worked together previously, I know first-hand the wealth of experience and energy that he brings to his work and to his clients. His knowledge of the industry and passion for helping businesses grow will be a great asset to the team as we continue to strengthen our presence across the South East.”