NACFB Members helped originate £27.3 billion of lending last year, including £6.1 billion worth of CBILS facilities, results from the Association’s 2020 Broker survey have revealed.
The full survey data will be available in January’s issue of Commercial Broker, published online tomorrow (Tuesday 12th January).
The roll out of the government’s business loan schemes saw the Association’s Members quickly adapt to facilitate critical business funding and the average size of a CBILS deal was £249,644. In total, Members enabled £6.1 billion worth of CBILS in 2020 alone.
NACFB Members facilitated 24,538 CBILS deals, representing 13% of the total number of loans introduced by Members.
“The renewed certainty, clarity and clout with which we can engage with our stakeholders, means that this year, when the NACFB starts a conversation, others will sit-up and listen,” Norman Chambers, managing director of the NACFB, said.
“Our Members played a key role in Moving Britain Forward, and we will utilise the survey data throughout 2021 when engaging with key policy, regulatory and industry stakeholders,” he added.