Who are the NACFB & why use an NACFB broker?

Who are the NACFB?

The NACFB was formed in 1992 to raise standards of proper professional practice in the commercial broker industry. The aim was to secure the integrity and future wellbeing of the broker market for the benefit of both brokers and their customers. The Association publishes these standards in its own industry recognised Code of Practice, which has been adopted by an increasing number of commercial finance, lease and asset finance and vehicle finance brokers. All NACFB members must abide by this code and any breaches are treated seriously.

The NACFB has established complaints and disciplinary procedures aimed at stamping out unacceptable working practices amongst its members. The Association also aims to protect its members and their clients against restrictive practices within the industry.

In the interests of members and their clients, the NACFB monitors legislation and makes representations to the Government and Regulators. It furthers the principles of good practice by seeking to work with other associations and interest groups, and by providing education and training for its members and their employees.In the interests of members and their clients, the NACFB monitors legislation and makes representations to the Government and Regulators. It furthers the principles of good practice by seeking to work with other associations and interest groups, and by providing education and training for its members and their employees.

The National Association of Commercial Finance Brokers
3 Silverdown Office Park
Fair Oak Close
Exeter
EX5 2UX 

Tel: 01392 440040
Fax: 01392 363931
Email: admin@nacfb.org.uk

Why should I use a broker for my business?

1. Commercial finance advice should come from experts
Commercial finance is a complicated subject. Unlike standard residential mortgages which have neatly defined rates and criteria, commercial finance is much more tailored and requires a good degree of skill and experience to find the right deal.

2. Save time – and money
Many business owner-managers are becoming much more savvy and outsource their financing to a specialist, which in turn allows him (or her) more time to manage the day to day running of his (or her) business. Shopping around for the best deal has become increasingly common and one of the main advantages of using a broker is that they will do that shopping for you.

3. An old-fashioned approach
Dealing with a broker means dealing with an individual. A broker is someone who will take the time to understand you and your business and offer a personal one-to-one service tailored to your business needs. And if your broker understands your business and your requirements they are in an excellent position to secure you the best and most suitable deal.

4. Never assume
The finance you think you need may not be the finance you actually need. This is another area where a broker can help. Although you may think that you need a loan to buy your equipment, a broker might recommend a leasing arrangement as more suitable. Perhaps instead of a traditional overdraft, the flexibility of a factoring arrangement will give your business the cash injection it needs.

What are the benefits of using an NACFB broker?

Brokers who are members of the National Association of Commercial Finance Brokers (NACFB) all adhere to an industry recognised Code of Practice, so if you use a broker with the NACFB logo, you know you’ll be getting good advice. To find an NACFB broker in your area, enter your postcode in the find a broker search. If you want to select the specific sort of finance you are looking for, you can use the selection options underneath. Obviously, the more specific the search – the further away the ideal broker might be!