Business loan declined by Time Finance, what next?
Time Finance has declined your asset finance, invoice finance or unsecured loan application. Time Finance is a UK challenger lender focused on asset-backed and invoice-backed SME finance, sitting between mainstream banks and specialist post-decline lenders. A decline usually signals an asset-class or trading-position mismatch rather than a hard credit issue, since Time Finance is more flexible than the high-street and more conservative than Bizcap or JPM Capital.
Why this triggers a decline
Time Finance doesn't publish how often each decline reason occurs. Common reasons include: a short trading history, an asset outside its preferred underwriting (very old vehicles, niche plant with a poor resale market, soft assets), a ticket too small for the product, recent unsatisfied CCJs over £5,000, director credit issues beyond their threshold, sector exclusions (gambling, adult, regulated financial services), and unclean Companies House status (overdue accounts, recent striking-off threats).
Alternatives that work
- Aldermore or Close Brothers Asset Finance for an alternative challenger route on equipment deals
- Specialist asset finance for harder asset classes (such as Praetura)
- iwoca for working-capital flexi-loan if the underlying need was cash flow rather than asset-specific
- Specialist post-decline lenders (JPM Capital, Bizcap) for credit-driven declines
Lenders that may consider this
- Aldermore (challenger asset finance, similar profile)
- Close Brothers Asset Finance (specialist asset bank)
- iwoca (working-capital flexi-loan)
- JPM Capital (specialist post-decline if the issue was credit)
What to do first
- Ask the Time Finance underwriter for the specific decline reason in writing.
- If the issue is asset class, look at specialist asset finance lenders (such as Praetura) who price niche assets correctly.
- If the issue is trading history, look at fintech lenders such as iwoca or wait until you have a longer record.
- If the issue is ticket size, look at iwoca or Capital on Tap where smaller tickets fit the model.
- If the issue is recent CCJs, satisfy what you can and document the rest before approaching JPM Capital or Bizcap.
Not for
Sub-12-month trading, sole-trader applicants (the FundBiz enquiry form is for limited companies, LLPs and partnerships with four or more partners), active winding-up petitions, or assets with no useful resale market. Those cases route to fintech, specialist post-decline lenders, or asset-class specialists.
Send an enquiry
Tell us what you need in 2 minutes. FundBiz is not a lender and does not run a credit check. We pass your enquiry to a business finance broker, who will contact you about your options. For limited companies, LLPs and partnerships with four or more partners.
Send an enquiry →.