The NACFB has received a letter from the British Business Bank asking it to provide a formal proposal for its online referrals platform….
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div>The NACFB has received a letter from the British Business Bank asking it to provide a formal proposal for its online referrals platform…
The letter means the NACFB is effectively through to the final round of applications as it looks to play a major part in helping SMEs across the UK find funding through a government designated Finance Platform run by the NACFB.
The current findSMEfinance.co.uk website averages £1.2m in leads per day and is supported by the NACFB’s 1,500 commercial finance brokers.
The British Business Bank’s 2014 report found two-thirds of SMEs only went to one provider when seeking finance and 38% cancelled their plans when their first application was rejected.
“With 125 funders working with us, the NACFB is ideally placed to change that statistic and to send out the message that funding is available,” said the NACFB.
“Ours is a unique platform that uses commercial finance brokers to help UK businesses find the correct source of funding from the myriad lenders in the business lending market.”
The NACFB also confirmed that the government and the British Business Bank had viewed the association as a fully credible resource for British business and the next step was to raise the profile of its members nationwide.
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