Time Finance has appointed Lauren Maloney as business development manager to its invoice finance team.
Maloney has over 14 years’ experience working in financial services, including relationship-management and portfolio-management positions at NatWest and Santander, before moving into invoice finance business development roles at Bibby Financial Services and Newable.
In her new role at Time Finance, Maloney will be responsible for building and maintaining strong introducer relations in the Yorkshire, Humberside and Lincolnshire regions.
Maloney said: “There’s a definite momentum in the market, with investment high on the agenda and many business owners looking for a funding boost to help them to capitalise on new business opportunities in the new year. I’m really looking forward to introducing Time Finance’s invoice finance solutions to my introducers and their clients as businesses continue to look for supportive funders who can help them work towards their next phase of growth.”
The announcement follows several recent appointments and promotions within Time Finance, including Jonathan Johnson as BDM in its IF team and Dan Hindmarsh as broker manager in its asset finance team.
Andy Hume, head of sales (North) at Time Finance, said: “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. We have ambitious growth objectives to continue enabling UK SMEs to gain easy access to our IF solutions and Lauren’s appointment will help us in achieving this.”
Invoice Finance can relieve pressure on cashflow and give businesses the freedom to grow. By releasing up to 90 per cent of the value of unpaid invoices, business owners can access additional working capital and use the funds to support day-to-day cashflow requirements or support innovation and growth.