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The NACFB is the only UK trade body dedicated to the commercial finance broker. We represent members from across the whole commercial finance market: from buy-to-let specialists and commercial mortgage advisers to vehicle finance brokers; from leasing and asset finance specialists to factoring brokers. All NACFB members comply with an industry recognised Code of Practice
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NACFB Events Calander 2008
3rd December 2007
Business Moneyfacts
January edition
NACFB Events Calendar 2008
Last year saw the Association run its first-ever full events programme. Throughout the course of 2007, the NACFB ran five Regional Workshops, and one Networking day, as well as the traditional AGM and Gala Dinner. At the beginning of the year we admitted that this was experimental and we had no idea if the events would either work, or be well attended. As it happened we needn’t have worried, but we have change the format of this year’s events a little following feedback from the hundreds of members who attended.
Firstly, we have introduced a new kind of event for 2008: Training Days. There will be five of these throughout 2008: there will be three ‘Introductions to Commercial Finance’ (one based int eh north, one in the south and one in the midlands), one ‘Introduction to Leasing and Asset Finance’ and one ‘Advanced Leasing and Asset Finance’. These days will be seminars designed to teach brokers about a specific area of the industry and some of the skills that are required to work within it.
As an exhibitor at the recent Mortgage Business Expo, I was struck by the number of residential mortgage brokers who were looking to venture into commercial finance. Many saw commercial finance (by which I mean more specifically commercial mortgages rather than, say, leasing and asset finance, or factoring and invoice discounting) as one of the routes to stave of hardship brought about by the credit crunch.
In order to help those new to the industry get off to the best possible start the ‘Introduction to Commercial Finance’ days will show them how to put a deal together; what a lender will look for in a commercial proposition; and also demonstrate the other kinds of business finance available. Business lending doesn’t have to start and finish with a commercial mortgage.
In order to accommodate more events we have had to cut the number of Regional Workshops in 2008 from five to three. Regional Workshops are update sessions, where a member is kept informed about any changes in the industry that might affect them, possible business opportunities they might not be aware of, any changes proposed by the Association, as well as opportunities to network with other brokers in the commercial finance industry.
The Association also aims to introduce new members to lenders from across the market place. At the time of writing there are around 80 Patron members of the Association; ranging from high street banks to small, specialist lenders; from factors and invoice discounters to leasing and asset finance companies. Networking Days in the Association’s event calendar allow members to meet and talk with a selection of these and find out the kinds of business they will consider. These days are also popular with existing members as they are able to meet a selection of lenders they might not currently do business with, under one roof and in the space of one day.
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