Our Finance Lease and Contract Hire customers may be interested to know that the FLA (Finance & Leasing Association) the trade body for the asset finance industry, has announced that small businesses used brokers to access more that £700 million worth of asset during December, January and February. Broker introduced finance is up from 2.5bn last year to just under 3bn in the 12 months to February.
Adam Tyler, Chief executive of the National Association of Commercial Finance Brokers responded by saying:
“The growth in broker introduced business to SMEs is very encouraging news for the industry and the UK economy. The increase in business from brokers also highlights the value that businesses put on the advice and expertise offered by experienced brokers, who draw upon their wealth of knowledge to access the best
suitable terms for their clients. This proves how integral the services of brokers are to the growth and recovery of the UK as a whole. The recent upturn in activity from SMEs also offers very encouraging signs showing that they are investing in new equipment, which in turn will inject new life and growth in to the economy.”