A specialist short term asset finance provider has become the latest NACFB patron.

borro joined the National Association of Commercial Finance Brokers (NACFB) as a lender patron at the close of last week.

The NACFB acts as a trade body for business finance brokers and the addition of borro gives its members access to the lenders’ unique method of short term finance. The services offered by the lender are expected to appeal to the NACFB’s client base, further broadening the funding options available to them. 

Paul Aiken, Chief Executive Officer at borro, said: “We are delighted to be supporting NACFB members. NACFB membership sets the standards for customer care within the commercial finance industry and we are delighted to become involved and look forward to bringing our unique offering to their members and associates.”

borro provides short term finance solutions backed by personal assets, rather than property. They can provide loans valued from £1,000 to £1 million secured against assets such as jewellery, luxury watches, gold, fine art, antiques, sculptures, luxury cars, yachts, speed boats and other valuables.

Adam Tyler, Chief Executive at the NACFB, said: “I am sure that our members can benefit from the service which borro offers. Clearly there are circumstances when this kind of short term facility could be a deal maker and at a time when funding in the asset finance sector is still at a premium, borro could make the difference between a deal completing or not.”