Surrey-based lender, Liquid Finance, is soon to become a Patron of the National Association of Commercial Finance Brokers.

Liquid Finance will work with the NACFB to provide product, services and support to its financial broker members, which aim to enable UK small and medium sized businesses that want to grow.

The lender, which provides unsecured cash advances to businesses that take credit and debit cards, advancing up to 100 per cent of an average monthly card turnover, hopes by becoming a patron it will make it easier for SMEs to access funding.

“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.”

The NACFB is responsible for standards of proper professional practice in sourcing commercial funding for SME customers. CEO, Adam Tyler, sees Liquid Finance’s appointment as a Patron as great news for small businesses.

“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,” said Adam.

“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.”

Via an FCA sister company, Liquid Finance can automate daily batch settlements therefore avoiding having to change card processor and entering into a lock box form of repayment.