Metro Bank will make £100m (125.65m) available to members of the National Association of Commercial Finance Brokers (NACFB), according to a statement by a UK retail bank.
A Metro Bank spokesperson confirmed the amount would be available to any NAFCB registered broker so long as they adhered to Metro Bank’s lending criteria.
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Adam Tyler, chief executive, NACFB said: "This is a great shot in the arm for our brokers who continue to find demand for finance can outstrip supply. Over the past two years Metro Bank have been very supportive of the NACFB’s efforts to keep cash flowing to businesses where it is needed, and this is a big step that will genuinely make a difference to lending to commercial businesses."
Metro Bank said its recently released Q2 results showed a 216% increase in lending year on year, of which almost half was to business customers, and promised to increase that figure with lending to SMEs.
Jason Oakley, managing director of commercial banking at Metro Bank said; "The NACFB is an important organisation that helps many of these businesses find the right partners to suit their needs, and we’re committed to offering a source of flexible funding, combined with unparalleled levels of service and convenience to its members."
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