Time Finance has increased the maximum facility limits on its invoice finance and asset based lending products from £3.5m to £5m.

The increase is part of the provider’s wider strategy to broaden its support for UK SMEs and scale its own lending book beyond £300m.

The AIM-listed independent lender said the enhanced lending capacity will enable it to serve a wider range of SMEs, including those requiring more sophisticated and higher-value funding solutions.

The move comes on the back of a record financial year for the firm, which reported own book lending of £217m to the year ending 31 May 2025.

The enhanced limits have already been put to use, with Time Finance completing its largest facility to date – a £4.5m confidential invoice finance deal for a social care provider operating across the UK.

The complex deal replaced a traditional overdraft and supported a group structure of nearly 20 trading entities, with 12 of them directly funded.

Ed Rimmer, chief executive at Time Finance, said the uplift in funding reflects the lender’s ambition to remain responsive to market demand while helping established SMEs unlock growth.

“SMEs need a trusted, expert and dependable lender that understands their specific challenges and ambitions,” said Rimmer (pictured).

“We are continually reviewing our offering to serve SME needs, and this includes increasing the amount of finance to support the larger SMEs that require flexible solutions and a high level of personal service.

“It is particularly pleasing to see the new limit already helping our clients with the £4.5m invoice solution mentioned above; the organisation formed a highly complex group structure of nearly 20 active entities, 12 of which were funded through the deal.

“Our deal team worked really hard to structure and onboard the client in conjunction with their month end.”