To maintain, promote and, when appropriate, enforce a Code of Practice, for the advancement of the members to increase their knowledge and professionalism on behalf of the Commercial Finance Industry.
To encourage professional and social interaction between its members.
To engage in discussions with lenders and their representative organisations to secure advantageous trading terms or other benefits to Members and to clients of Members.
To achieve recognition by Government, lenders, other professional bodies, the business community and the public, of the Code’s objectives and of Members’ professionalism.
To monitor any Bill, Act of Parliament, Regulation or Order as relevant to commercial lending or finance broking or related areas and to make submissions to the appropriate authorities in respect of any such material. This will include actual and prospective legislation in the United Kingdom and in the European Union, including secondary legislation, orders and regulations and actual and prospective rules and guidance of the Financial Conduct Authority and any other regulatory authority within the United Kingdom.
To arrange for information concerning the services and professionalism of commercial finance brokers to be made available to the business community and to the general public by way of books, pamphlets, posters, letters, advertisements, the internet or through the media.
To engage in or support programmes for the training and education of Members or their staff.
To co-operate with and to establish working relationships with any kindred associations or organisations.
To engage in all such other activities that further the primary objectives of the Association as the Board, acting on behalf of the Association, may decide from time to time.
The NACFB has recently gained national recognition and has approximately one thousand five hundred experienced commercial finance individuals as members spread right across the whole of the UK, offering a wealth of knowledge that is available to all businesses. Our lenders are once again increasing, and act as a real alternative for those businesses that cannot gain funding or have lost funding through traditional sources. We currently have more lenders than at any time in the past, consisting of New Commercial banks, High Street banks, Lessors, Cashflow Specialists, Factors, Specialist Asset Funders and Peer to Peer Lenders.
The NACFB has always maintained its core principles and objectives. Through a great deal of lobbying, some national press, radio and TV coverage we are now beginning to get the message to the SME Industry that we can help. There is more in depth information about the lobbying the NACFB has been doing and our interaction with other SME trade associations located on this website.
Our members are here to help SMEs through their expert knowledge and connections and if these businesses can grow, they can spend more, employ more staff and help the UK economy to grow again. The assistance of the redevelopment of the national economy is a new and very important objective for the NACFB.