Broker trade body the National
Association of Commercial Finance Brokers (NACFB) has announced the
launch of a new member services initiative, intended 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 are involved in the scheme.
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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”.
Tyler added that more partners are expected to
join the scheme as the year goes on.
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