By Adam Tyler, Chief Executive, NACFB.
The problems that businesses face securing finance are widely known, but there are options available to them, and the National Association of Commercial Finance Brokers (NACFB) has been working hard to ensure that SMEs can access the vital funding that they require to keep their businesses running.
The launch of the Small Business Finance Directory by the NACFB should make life a little easier for business owners. The Directory is a website which lists all brokers, funders and equipment specialists in the UK, along with details of whether they are registered members of the National Association of Commercial Finance Brokers (NACFB) or the Finance & Leasing Association (FLA).
It is hoped that the site will underline the professional services that a broker can offer to a business owner as a professional broker has the ability to source finance from across the whole of the commercial market. The expertise that a broker can offer will often mean the difference between a business securing much needed funding or not and the use of a knowledgeable broker can significantly improve the SME’s chances.
Additionally, a broker can often devise unique funding solutions that business owners would not necessarily be aware of – the traditional methods of funding of an overdraft extension or a commercial loan are now becoming less and less common and the NACFB have been trying to extol the benefits of using a broker to create access alternative funding options.
The website allows the business owner to source finance locally or across the whole of the UK from brokers, funders and equipment finance specialists that are active in the market and should prove to be a boon for SMEs looking to finance their business.
For more information on the Small Business Finance Directory, please visit: http://www.smallbusinessfinancedirectory.co.uk/about-the-nacfb.php
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