Adam Tyler, NACFB chief executive, has been focused on bringing the Association and the Federation closer together over the past nine months.
He said: “We now have a new central hub that is starting to take requests for finance directly from the Small Business community, driven by the Federation of Small Businesses.”
The partnership will see the FSB pass on credit enquiries from its 200,000+ membership to the NACFB.
The initial assessment is done by the NACFB. The Association will then recommend one of its regional broker members, decided on by a weighted set of criteria.
These criteria, based on region and specialism, are used to select brokers who are best placed to help source funding.
The NACFB holds a great deal of relevant data for its 950-strong membership and this data is continually updated by the member brokers themselves. And Tyler said the NACFB was well placed to refer enquiries, working constantly with some 85 lenders to offer all types of commercial finance.
Tyler said: “This deal ties together two very significant bodies and straightens the sometimes difficult path between small businesses and the money they need to grow and prosper. It effectively leaves the NACFB to operate as a “super-broker” for lenders across all of its lending divisions including leasing and asset finance, factoring and ID, traditional commercial mortgages, vehicle finance and specialist lending from new sources.”