MarketFinance to lend £500m as it becomes NACFB Patron
Fintech business lender MarketFinance has today become a Patron of the National Association of Commercial Finance Brokers (NACFB).
Becoming a patron underlines a commitment from MarketFinance to the commercial finance broker community and acknowledges the important they play in supporting UK businesses grow and flourish.
Over the past 7 years, MarketFinance has advanced almost £830m to businesses via introductions from commercial finance brokers. It is anticipated, in 2020 alone, MarketFinance will advance almost £500m through their network of UK commercial finance brokers.
Graham Toy, CEO of NACFB, commented: “We’re delighted to welcome MarketFinance to our community. MarketFinance will feature at NACFB events, seminars, training sessions and networking opportunities across the whole of the UK throughout the year. They were the first to market with their innovative invoice finance solutions and have now entered the business loans market. This is the kind of choice and innovation we want to present to business owners when thinking about how to finance their companies.
Christopher Findlow, head of partnerships at MarketFinance, commented: “Commercial finance brokers have made a significant impact, helping UK businesses get the finance they need to grow. They build deep relationships with business owners across the country and are able to get into the detail of what they need.”
“Almost a third of our lending has been enabled by the strength of our relationships with these important business advisers. Conversely, our technology-focussed lending approach has made the experience efficient for them. Similarly, for business owners, we providing them with a brilliant customer experience and getting funds to them fast.”