“Brokers play a significant role in the UK finance market, particularly within the commercial funding sector,” comments Philip Reynolds, Managing Director of Newable Lending.
In 2017, we launched Newable Business Finance, offering unsecured loans of £26,000 to £150,000 over 1-5 years from rates of 11.75% variable. Available to UK businesses with a trading history of at least 12 months with competitive introducer fees.”
Newable has recently entered the Peer-to-Peer market with our Lending for Growth product, offering secured loans of £150,000 to £10m secured on commercial property.
“In light of our improved lending offering, it was an opportune time to join as a Patron of the NACFB. There is an alignment with the values between both companies and we look forward to working closely with the NACFB and their introducer members” states Reynolds.
Newable can help when high street banks and other lenders have been unable to – often providing finance quicker and more flexible terms. We also offer 12 hours of mentoring with each loan between £26k and £150k, designed to help businesses get the most out of the loan, which is often an attractive benefit.
Norman Chambers, managing director of the NACFB, added: “We are delighted to welcome Newable as a new Patron of the NACFB and we look forward to building a close relationship in 2018. Our members have warmly welcomed the Newable Lending product offer.”
We look forward to working with the NACFB in 2018 and beyond.