Metro Bank has announced it has joined the National Association of Commercial Finance Brokers (NACFB) as an official lender patron. The bank said it is keen to expand its commercial lending, especially via the intermediary channel.
Simon Neale, head of commercial intermediaries at Metro Bank, commented: “We are thrilled to reaffirm our relationship with the NACFB. The organisation’s excellent reputation and diverse networks make it an important partner as we drive commercial lending through its range of expert intermediaries.”
In the asset finance arena Metro Bank said it offers loans from £15,000 up to £5 million. For deals up to £150,000, Metro Bank uses a matrix that articulates exactly the types of customers that the lender accepts. The Bank shares this matrix with intermediary partners, allowing brokers to identify very early on whether they will get an acceptance for that customer and under which terms.
Customers have access to their own dedicated relationship manager and operational support. For larger deals, Metro Bank will also provide credit partners to visit customers in person
On invoice finance, the Bank also offers lending from £100,000 up to £20 million, plus factoring and invoice discounting. Its relationship managers support an average of 35-40 customers each, in order to provide a personalised level of service and allow time to get to know customers. there is 28-day notice for customers so they are not tied into long term contracts
Norman Chambers, NACFB managing director (pictured), said: “The return of Metro Bank to the NACFB fold is a very welcome one. The move marks a real commitment to intermediary-led commercial lending. We look forward to partnering with the Metro team to help support UK SMEs via their growing product range.”
The NACFB is the UK's largest independent trade body for commercial finance brokers, with over 2,000 commercial intermediaries covering the whole of the UK.
