The UK’s National Association of Commercial
Finance Brokers (NACFB) has outlined plans for a busy 12 months as
the broker body celebrates its 20th anniversary in 2012.
The NACFB told Leasing Life it will
continue to work with the Finance & Leasing Association (FLA)
to champion the cause for brokers and asset finance, including the
launch of the Asset Finance Directory.
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The two bodies have developed a website which
lists all the funders and brokers in the UK in the asset finance
market and is intended to help SMEs select a broker or funder to
help finance their business.
“This will help the broker gain clients and
will also be an extremely useful site for SMEs to source vital
funding lines. The Directory will explain the benefits that using
brokers endorsed by the NACFB and the FLA brings and the protection
that the two Association’s Code of Practice provides,” Adam Tyler,
chief executive of the NACFB said.
A boon for brokers
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By GlobalDataThe NACFB and the FLA also hope to raise
awareness of leasing among SMEs this year with a guide produced in
conjunction with the Institute of Credit Management (ICM).
The guide highlights the advantages and range
of financing options available in the leasing and asset finance
market when purchasing new equipment.
According to Tyler: “The guide is a boon to
the asset finance broker, who is integral to the funding lines
available and can offer the expertise that only a broker can
provide the client. A professional broker will be aware of the
range of leasing and asset finance facilities available and can
offer these to the SME. The increase from SMEs in this sector is a
real opportunity for the broker.”
After encouraging feedback following the 2011
event, the NACFB will host a second Asset Finance Seminar in March
which will look at the how the leasing market will operate in 2012
and beyond.
The NACFB will also be working to develop its
memberships’ understanding of the dangers of asset finance fraud
through six regional training days throughout the year in
conjunction with ING.
“ING have a wealth of knowledge in the leasing
and asset finance division and have worked closely with the NACFB
for a number of years, so their advice and training is extremely
useful to our leasing and asset finance members,” said Tyler.
The NACFB said its reputation, built over 20
years, has led to a strong relationship with lenders and
institutions within the market.
“The hard work the NACFB has carried out over
the 20 years in which it has operated will be built upon in the
coming years and the Association’s role in the market is now more
important than ever. As an Association for all commercial brokers,
it is vital that the NACFB keeps up its hard won reputation for the
well being of the entire industry.
“We intend to help all sectors of the
membership and the relationships that we have built with FLA and
asset finance lenders along with the events that we hold show our
commitment to all sectors of commercial finance,” Tyler added.
grant.collinson@vrlfinancialnews.com
