Vince Cable to launch NACFB's Finance Directory

Business Secretary Vince Cable will launch the National Association of Commercial Finance Brokers (NACFB) Small Business Finance Directory in Whitehall tonight, in a move which will nationally recognise the Association’s work in providing more funding to SMEs.

The news comes after the Association held its inaugural Chairman’s lunch on Friday June 7th to reveal its plans to help support the Government’s call to provide more funding to SMEs across the UK.

With 93 different lenders to businesses for its 1,000 commercial brokers, the NACFB is in a unique position which is fully endorsed by the new Business Bank. A representative from the programme was present at the lunch to provide full support to the proposals to raise national recognition for the Association’s work and to provide a new single point of contact for SMEs to source finance.

The new NACFB Small Business Finance Directory is due to be launched by Vince Cable in Whitehall tonight, Monday 10th June, an event which will be attended by the Association’s Chairman, Marcus Grimshaw, and Chief Executive, Adam Tyler.

This marks the latest step in the NACFB’s growth; it has taken four years of lobbying to gain such recognition and the trade body will bring together UK commercial lenders and the Business Bank to support its future plans.

Marcus Grimshaw commented: “The Association is on the cusp of being at the forefront of matching SMEs with the right business lenders through our membership, but we need support to take this initiative nationally to the business community. So, it was fantastic to receive unanimous backing from those senior Patrons present as they pledged to get right behind the Association.”

Adam Tyler added: “While the core principals of the NACFB remain steadfast, we cannot ignore the fact that we are unique in having access to such an array of business lenders through our professional broker network. But we cannot do this alone and we need all our lenders and funders to back us in this quest.”

The next round of discussions will be at the sold-out NACFB Commercial Finance Expo at the NEC, Birmingham, on Wednesday June 26th, when the Association will be holding a further meeting with all 93 Patrons of the NACFB.

Visitor places are still available at www.commercialfinanceexpo.co.uk