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NACFB brings together commercial lenders and the business bank to support their future plans

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The National Association of Commercial Finance Brokers held their inaugural chairman’s lunch on Friday June 7 to reveal their plans to help support the Government’s call to provide more funding to SMEs across the UK.

The NACFB is in a unique position with 93 different lenders to business for their 1000 commercial brokers, a position fully endorsed by the new business bank. Their representative was present to provide full support to the proposals to raise national recognition for the Association’s work and to provide a new single point of contact for SMEs to source finance for their business.

The new NACFB Small Business Finance Directory was launched by Vince Cable in Whitehall on Monday, an event attended by chairman Marcus Grimshaw and chief executive Adam Tyler.

Grimshaw said: “The Association is on the cusp of being at the forefront of matching SMEs with the right business lenders through our membership, but we need support to take this initiative nationally to the business community. So, it was fantastic to receive unanimous backing from those senior patrons present as they pledged to get right behind the Association.”

Tyler added: “While the core principals of the NACFB remain steadfast, we cannot ignore the fact that we are unique in having access to such an array of business lenders through our professional broker network. But we cannot do this alone and we need all our lenders and funders to back us in this quest.”

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