Simply Asset Finance has joined the National Association of Commercial Finance Brokers (NACFB) as a Patron lender, formalising its support for the UK’s broker community and expanding its distribution of asset finance and leasing products.
The NACFB, recognised as the UK’s largest independent trade association for commercial finance intermediaries, facilitates collaboration between lenders and brokers.
Simply’s decision to become a Patron reflects what CEO Mike Randall described as a desire to “take action” in support of brokers, noting that they “ensure businesses of all sizes can access the funding they need.”
NACFB members will gain access to Simply’s technology-enabled lending platform, which offers rapid credit decisions for SME clients. The move aligns with Simply’s broader strategy to invest in broker relationships and streamline funding access for small and medium-sized enterprises.
Jim Higginbotham, CEO of the NACFB, said the addition of Simply as a Patron “helps to lead the change our industry needs,” citing the firm’s alignment with the Association’s values of “integrity, collaboration, and the broker-led route to market.”
Simply Asset Finance reported £1.75 billion in total loan origination since its launch in 2017, alongside £8.5 million in pre-tax profit and a gross loan book of £505 million for the 2024 financial year. The figures indicate continued demand for asset-backed lending solutions among UK SMEs.
“Simply Asset Finance becomes NACFB Patron lender” was originally created and published by Leasing Life, a GlobalData owned brand.
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