Bank-owned lessors are set to
be overshadowed by smaller lenders and those from overseas in the
SME market, the chief executive of the UK’s National Association of
Commercial Finance Brokers (NACFB) has said.
NACFB chief executive Adam
Tyler said high street banks were likely to turn away from leasing
and more towards mainstream funding for SMEs.
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He said: “Funders are coming
in from other places and they’re different types of lenders to what
we’ve had previously.”
Tyler’s views followed on
from the recent NACFB Asset Finance Seminar, held earlier this
month in London.
Tyler also said both brokers
and funders attending the event were keen to increase levels of
lending in asset finance.
“The next step is to make
sure that the dialogue continues between us and our members and the
FLA and their members so that we can make more funding available,”
he said.
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By GlobalData“We have also got a joint code of practice between the two
organisations to make sure brokers behave in the way funders want
them to and vice versa.”
