MarketFinance has said it plans to advance almost £500m through commercial finance brokers this year as it joins the industry trade body.
The alternative business loans and invoice finance platform has become a patron of the National Association of Commercial Finance Brokers (NACFB).
The platform said it has already advanced almost £830m to businesses introduced through brokers over the past seven years.
Read more: Brokers helped back £15bn of lending in 2019
“Commercial finance brokers have made a significant impact, helping UK businesses get the finance they need to grow,” Christopher Findlow (pictured), head of partnerships at MarketFinance, said.
“They build deep relationships with business owners across the country and are able to get into the detail of what they need.
“Almost a third of our lending has been enabled by the strength of our relationships with these important business advisers.
“Conversely, our technology-focussed lending approach has made the experience efficient for them.
“Similarly, for business owners, we providing them with a brilliant customer experience and getting funds to them fast.”
Graham Toy, chief executive of NACFB, welcomed the platform.
“MarketFinance will feature at NACFB events, seminars, training sessions and networking opportunities across the whole of the UK throughout the year,” he said.
“They were the first to market with their innovative invoice finance solutions and have now entered the business loans market.
“This is the kind of choice and innovation we want to present to business owners when thinking about how to finance their companies.”