Broker trade body the National Association of Commercial Finance Brokers (NACFB) has announced the launch of a new member services initiative, in an effort to provide its members with more ways to sustain themselves while funders remain thin on the ground.
The plan is for commercial finance brokers of all kinds to have access to types of finance beyond their areas of specialism, therefore gaining extra income streams. So far, the NACFB has confirmed insurance providers Legal & General and Towergate Risk Services to be involved in the scheme.
NACFB members will be able to introduce business to partner firms using CommercialKeeper, the association’s own back office software system.
As well as having access to the new products, brokers will be able to enroll in a training programme run by the NACFB, which chief executive Adam Tyler says will allow them to “understand the products they are introducing, and spot the right opportunities for them.” He added that more partners are expected to join the scheme as the year goes on.