NACFB

The National Association of Commercial Finance Brokers was founded in 1992 in response to the growing incidence of fraud and is run by an elected Board of Directors supported by the Executive. The founders established it based on the belief that setting measurable standards for professional practice in sourcing commercial funding serves the best interests of SME customers and is vital to the industry’s integrity and long-term well-being.

An increasing number of commercial finance and legal brokers are adopting these standards, published under an FCA-registered Code of Practice.

• The NACFB has established complaints and disciplinary procedures designed to eliminate unacceptable working practices amongst its members.
• The Association also exists to safeguard both its members and their clients against restrictive practices within the industry. It maintains a confidential register of brokers and lenders suspected of fraud and malpractice.
• The Association works with a wide range of lenders and funders who provide support. Many market their financial products exclusively through NACFB Members or the broader commercial broker channel.
• Therefore, this is the sole source of access to this wide range of lenders for SMEs across the UK.
• In the interests of members and their clients, the NACFB monitors legislation and makes appropriate representations to Ministers and Members of Parliament.
• It promotes good practice by collaborating with like-minded groups and offering education and training to members and their employees.

Why use an NACFB Broker?

• As small business funding grows more challenging, more leaders now recognize the value of using a broker to secure finance.
• The NACFB is engaged with Government and HM Treasury in sourcing not only High Street lending but Alternative forms of Finance to help SME UK.
• NACFB members have access to a comprehensive range of finance facilities for small and medium sized businesses (SMEs) in the UK, including commercial mortgages, leasing and asset finance, vehicle finance, buy to let and factoring and invoice discounting.

The benefits of using an NACFB broker include:

• Choice – Members can provide products from reputable national and international business finance providers. A large number of commercial finance institutions— including banks, building societies, factors, lessors, and alternative lenders—currently sponsor the Association.

• Competition – Members are able to negotiate the best rates and terms for their clients.

• Clarity – Members help clients clearly understand the facilities they negotiate, providing a full explanation of all terms and conditions.

• Presentation and Packaging – Members use their experience to package client applications, helping improve their chances of securing business finance.

• Protection and Best Practice – Members of the NACFB operate under an FCA registered Code of Practice.