NACFB reveals SME funding plans

Representative from many different lenders were 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 is due to be launched by Vince Cable in Whitehall tonight at an event to be 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 SME’s with the right Business lenders through our membership but we need support to do 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: “Whilst 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.”

The next round of discussions will be at the sold-out NACFB Commercial Finance Expo at the NEC on Wednesday 26 June, when it will be holding a further meeting with all 93 lenders.