Bonkers Bargains: improved facility and still dirt cheap
This specialist finance provider has agreed an extension to its existing finance facility on more fexible terms. With growing demand for its funding solutions and significant growth in its own lending portfolio, this Bonkers Bargain is growing fast, but still looks fantastic value to us, as you can discover in our updated note here. (Premium)
Time Finance (AIM:TIME formerly 1pm) is an AIM listed finance company lending to small UK businesses through three core product divisions: Asset Finance, Invoice Finance and Commercial Loans. Its route to market is a mixture of direct business origination as well as via finance brokers, who pass business to TIME in return for a commission. The Group operates a so-called hybrid model, either funding loans on its own balance sheet, or broking-on to other lenders. All its own balance sheet lending is to UK SMEs who meet their strict credit criteria, whereas they broke-on funding proposals outside this credit criteria. There is growing…