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NACFB Blog

Monday 13th February

The resolutions you shouldn't have broken yet...

 

 

 

Training & Education

The NACFB is committed to providing Training and Education for Commercial Finance Brokers and over the years has developed a range of training days to cover all aspects of Commercial Finance. This has included Asset Finance, Factoring and Invoice Discounting, Marketing and Fraud training to name just a few. In addition our CPD programme continues and recording is now available on line.

We offer a new qualification to replace the Certificate in Commercial Mortgages, which has been written in conjunction with all the High Street banks. The Certificate in Business Banking and Conduct (CertBB&C) is the standard qualification for all our members and is run by The London Institute of Banking & Finance.

 

Commercial Finance Expo

The Commercial Finance Expo is the only show in the UK dedicated to the business finance community. Representatives from funders across the business finance arena will be exhibiting. This year the NACFB conference will be held during the Expo, welcoming speakers who can offer a keen insight into different parts of the industry..

 

findSMEfinance

FindSMEfinance lists sources of commercial finance for small businesses, including leasing and hire purchase arrangements, commercial mortgages, and invoice discounting and factoring. It will allow you to search by region or postcode, and will take you directly to the brokers who are best placed to help you find the funding you need.

 

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Asset Finance

What is asset finance?

Asset finance is a loan that is used to obtain equipment.

Whenever organisations invest in tangible assets - anything from office equipment to manufacturing plants, from cars to a fleet of aircraft - they usually need an affordable, secure means of finance.

That's exactly what the asset finance sector is all about. In fact, Asset Finance is the third most common source of finance for businesses, after bank overdrafts and loans. It is also of growing importance in the public sector.

 

Why use asset finance?

Asset finance is a flexible alternative to a traditional bank loan, providing significant cash flow and tax benefits for businesses looking to purchase a new piece of equipment, a vehicle or other fixed assets.

Who uses asset finance?

Asset finance accounts for the majority of debt-financed business investment.

Around one in three small businesses that have any external borrowing use asset finance. Amongst these, the use of asset finance is particularly high in Wales (54%), the North East (46%) and the North West (42%) with agricultural and manufacturing making most use of leased equipment.

Advantages to business

Asset finance is:

  • A valuable alternative to conventional bank loans.
  • Secured wholly or largely on the asset being financed, reducing the requirement for additional collateral.
  • Secure for the user, as the finance cannot be recalled during the life of the agreement.
  • Sustainable because businesses have the option to replace or update equipment at the end of the lease period..
  • Widely available through a network of around 5,000 equipment dealers and 400 brokers, as well as direct from finance companies..

Click the button to find your nearest professional Asset Finance broker.

 

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