Manchester-based invoice finance providers Positive Cashflow Finance has appointed a business development manager.
Chris Rimmer joins with more than six years’ experience within the invoice finance sector at Bibby Financial Services. His work has included invoice, asset and trade finance within the SME market across the country.
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Covering the Lancashire, Merseyside and Cheshire regions, Rimmer will be supporting SMEs requiring funding facilities between £10,000 to £1m.
Rimmer said: “Positive has an excellent reputation for developing long-standing relationships with its clients, and I am excited to join such a dynamic and hardworking team.
“I look forward to the challenges ahead – expanding its portfolio further and increasing the company’s presence in these regions.”
Phil Chesham, sales and marketing director at Positive, said: “We are delighted to welcome Chris to the business development team.
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By GlobalData“He brings with him a fantastic attitude and a wealth of experience, which we hope will help drive both growth and awareness of Positive Cashflow Finance in across the North West.”
Positive Cashflow Finance provides invoice finance facilities to SMEs looking to borrow amounts from £10k to £1m. The option of bad debt protection can also be added to provide additional comfort against insolvency or protracted default. Positive Cashflow Finance is part of 1pm.
In March Natwest has signed a two year back-to-back funding facility with lessor 1pm for its invoice finance entities Positive Cashflow Finance and Gener8 Finance.
The new facility consolidates and replaces on similar terms the existing £37m facilities currently in place. This new facility also includes an additional £5m of accordion funding to meet the companies’ growth aspirations for the near term.
James Roberts, chief financial officer at 1pm, said: “Both at a group level and through our subsidiary Positive Cashflow Finance we have worked with and developed an excellent relationship with Natwest over recent years and I am very pleased that this will now extend across our entire invoice finance division.”
