The National Association of Commercial Finance
Brokers (NACFB), has announced three new Patrons – First Merchant
Finance, Bank of Cyprus and Helping Hands Asset Management –
prepared to fund deals for its members.
Adam Tyler, Chief Executive of the NACFB,
said: “The last two years have sadly seen a continual decline in
the number of Patrons within the NACFB. The number of lenders and
funders who have withdrawn from the market, and the numerous
mergers, have all contributed to a much smaller pool from which our
members can look for funds.”
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He added that Asset Finance in particular had
seen the largest decline in funder numbers in the last year, and
that the NACFB had a “real focus” on bringing more funders back to
the asset finance broker market.
“I was determined that 2010 was going to be
the year when we reversed the downward trend, so I am pleased to
announce that we have three new patrons on board for this year
already.” Tyler said.
“In addition, I am meeting with all our
current Patrons and I propose to report to members regularly on
each. This will include some exclusive arrangements,” he added.
Fred Crawley
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