Liquid Finance becomes a Patron of the NACFB
Boosting accessibility of alternative cash advance funding for UK businesses seeking growth
London, 27th January 2015 – Liquid Finance, a leading UK provider of fast, flexible & accessible funding for people who want to grow their business, today announced that it has become a ‘Patron’ of the National Association of Commercial Finance Brokers (NACFB). As a Patron, Liquid Finance will work with the association to provide product, services and support to its financial broker members. This will enable UK small and medium sized businesses that want to grow, but need assistance from alternative sources of finance, to more easily connect with Liquid Finance and gain access to its fast and flexible funding.
As the principal national industry trade body for brokers who arrange finance for businesses, the NACFB is responsible for standards of proper professional practice in sourcing commercial funding for SME customers. As a Patron, Liquid Finance fully supports regulation and standards in the industry and is proud to be able to offer businesses the reassurance that being part of the NACFB provides.
Adam Tyler, CEO of the NACFB, comments: “Access to funding for small businesses has become more difficult over recent years, making the advantages of using a broker to help find funds greater than ever. The NACFB is an important source of access to funding for UK SMEs because we have a wide range of lenders and funders that market their financial products through our members. It is great news for SMEs that are looking for alternative sources of finance that they can now be recommended for funding from Liquid Finance.”
“We are delighted to be a Patron of the NACFB,” said Richard Morley, Director of European Development at Liquid Finance. “NACFB members are experienced in presenting and packaging an application on behalf of clients, thereby greatly enhancing the chances of securing finance. They also ensure that their SME customers have a full and true understanding of any funding that has been negotiated on their behalf with a complete explanation of terms and conditions, providing clarity & security. We look forward to helping many more SMEs grow their businesses – companies which, if not for the knowledge of NACFB member brokers, might not have been able to access our service otherwise.”
Liquid Finance provides unsecured cash advances to businesses that take credit and debit cards. It applies a factor rate “fee” to the advance and purchase at an agreed daily percentage of the business’s future card receivables until the advance plus fee is paid. Funding is provided within as little as 10 days – from application to cash in the bank. Uniquely, via an FCA regulated sister company, Liquid Finance is able to automate daily batch settlements, thus avoiding having to change card processor, entering into a lock box or another form of repayment.