NATIONAL ASSOCIATION OF COMMERCIAL FINANCE BROKERS
The National Association of Commercial Finance Brokers (NACFB) is the UK’s trade body for finance brokers. Established in 1992, the NACFB seeks to protect members and their clients from restrictive working practices, works to eliminate fraud and establish measurable standards of practice within the industry.
The NACFB is committed to helping its members in the commercial finance industry to provide a quality, professional service.
Why use an NACFB broker?
- Professional standards
Brokers who are members of the National Association of Commercial Finance Brokers (NACFB) all adhere to an industry recognised Code of Practice, so if you use a broker with the NACFB logo, you know you’ll be getting the best service.
- Expert financial guidance
There are more types of finance available to SMEs than most business owners realise. An NACFB broker may find a solution that serves the individual business needs with a more suitable and cost-effective solution.
- Save time
Modern business owners have become much savvier; often outsourcing their financing to a specialist broker – which in turn allows them more time to manage the day-to-day running of the business.
- Broker’s experience
Business owners are the experts of their business and sector, but obtaining finance can be quite a complicated matter. It can be confusing to understand the difference between all the different options, interest rates and repayment choices on the market.
- Traditional approach
Dealing with a broker means dealing with an individual. A broker is someone who will take the time to understand a client, their business and their sector.
- On your side
When an SME approaches a bank for finance directly, the bank will look to sell that business a loan. If that business instructs a broker to help them obtain a business loan, then the broker is working for that business and client.
For more information, please visit the NACFB website here: https://www.nacfb.org