According to the NACFB’s 2015 annual broker survey, small business lending via its brokers has increased by 31%...
The results show that this year’s lending total, at a staggering £15.982bn, is more than double the £7bn that NACFB lenders facilitated during the financial crisis of 2009.
Commercial mortgages saw the biggest growth, rising 54.9% on last year while development finance grew 3.2% and bridging only grew by 1.2%.
The NACFB is on track to match the pre-recession high of £19.1bn by next year and Chief Executive Adam Tyler said he had seen a swing towards traditional lending such as commercial mortgages and asset finance.
“The market continues to diversify at an incredible rate and we continue to attract high numbers of new and established lenders who see our brokers as the best and busiest in the industry,” said Adam.
“Recent developments such as the acquisition of 140 new brokers from our patrons at Hitachi Capital, coupled with our findSMEfinance website’s inclusion on the final shortlist for the Government’s Bank Referral Scheme, are all helping to keep finance flowing through the best channels to the SMEs who need it the most.”
Full survey results and figures are given in the table below:
|
2015 |
Year on year % |
2014 |
Commercial Mortgages |
£3,448,796,117 |
54.9% |
£2,226,994,194 |
Leasing & Asset Finance |
£4,017,630,631 |
47.7% |
£2,721,020,575 |
Invoice Finance |
£946,575,198 |
43.80% |
£658,166,500 |
Vehicle Finance |
£1,244,008,033 |
49.0% |
£834,771,401 |
Buy-to-let |
£3,534,932,931 |
10.1% |
£3,209,846,697 |
Bridging Finance |
£727,106,218 |
1.2% |
£718,733,404 |
Development Finance |
£1,215,295,975 |
3.2% |
£1,177,448,630 |
New Types of Business Finance* |
£847,939,361 |
35.9% |
624,026,028 |
GRAND TOTAL |
15,982,284,464 |
31.3% |
£12,171,007,429 |
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