Spotcap is delighted to be the Unsecured Finance Sector Sponsor of the National Association of Commercial Finance Brokers (NACFB) in 2019, enhancing specialist finance support for brokers sourcing unsecured funding for their clients.
According to recent data published by debt adviser Hadrian’s Wall Capital, 84 percent of areas in the UK have seen business lending from banks fall in the past year, with businesses continuing to face difficulties in securing finance. Non-bank lenders, such as Spotcap, are therefore increasingly stepping in to fill this gap, providing UK businesses with much needed funding options.
Spotcap is the only lender in the UK that provides fully unsecured loans of up to £350k without the need for a personal guarantee, for up to 24 months.
Kevin Vendel, Head of Sales at Spotcap UK, said: “We are proud to be the NACFB’s Unsecured Finance Sector Sponsor in 2019. Unsecured loans are vital for many businesses as it helps them to solve imminent cash flow challenges or bridge receivables without the need to use personal or business assets as security.”
Kevin continues: “Over the course of the year, we will be working closely with the NACFB to highlight the importance and need for unsecured funding as part of the financing mix for businesses. Our activity will include educational sessions and regional roadshows organised for brokers throughout the UK.”
For further information about Spotcap’s unsecured offering, upcoming events, and activity for brokers, please visit: www.spotcap.co.uk/partners/.
Originally published January 14 2019 , updated February 24 2020