Special bank loan products offered through NACFB members

Special bank loan products offered through NACFB members



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The NACFB has announced its moves to give members access to improved products from banking giant, Santander Business Banking.

The offer applies to members of the National Association of Commercial Finance Brokers (NACFB), and refers to business bonds. The products are also available for NACFB members to offer to their clients via NACFB Member Services.

 

At present, a scheme for unsecured business lending is being tested by NACFB member volunteers as well.

 

NACFB Chief Executive, Adam Tyler, said: “This is fantastic news for our members and follows from other offers available exclusively to members through NACFB Member Services.

 

“We are delighted to be working with Santander Business Banking on this pilot and look forward to working with them in the future on similar deals for members.”

 

He continued: “Brokers are still finding the traditional commercial mortgage market hard, and the freer conditions experienced by many members at the beginning of the year have proved to be a false dawn.

 

“The aim of the Association in launching Member Services is to provide alternative sources of income for NACFB members to help tide them over – and also to offer the perfect opportunity of expanding their business when the market does return.”

 

Julia Hiles, Partnership Development Manager at Santander Business Banking, said: "Santander Business Banking is committed to supporting UK businesses and we are looking forward to developing a strong partnership with NACFB.

 

“I am confident that as our understanding of NACFB members grows, we will come across further opportunities to work together for the benefit of business owners, NACFB members and Santander."

 

The National Association of Commercial Finance Brokers (NACFB) was established in 1992 in response to the growing incidence of fraud. The NACFB is the national trade body for brokers who arrange finance for businesses. NACFB members work across the whole commercial finance sector and operate in areas such as commercial mortgages, leasing and asset finance and vehicle finance.

 

The NACFB works to encourage best practice in a largely unregulated sector of the market. These standards are published within an industry recognised Code of Practice and have been adopted by an increasing number of commercial finance, lease and motor vehicle finance brokers.

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