Somo becomes a patron lender of the NACFB
Specialist lending firm Somo Bridging has become a patron lender of the National Association of Commercial Finance Brokers (NACFB).
Becoming a member of the UK’s largest independent trade body for commercial finance brokers means that Somo must meet its industry standards, and means the NACFB views Somo as a professional lender which can support NACFB brokers facilitating finance.
In 2022, the NACFB’s member brokers facilitated more than £45bn of borrowing by UK SMEs.
Somo said it is a privilege to be recognised by such a reputable association in the industry and the patronage highlights its exponential growth over the past few years.
Read more: Somo posts rise in profits and turnover as it expands business
Somo now has over 40 employees made up of underwriters, case managers, relationship directors, investor relations, finance and marketing teams.
“Somo’s growth over the past few years has been exponential and our partnership with the NACFB will widen our platform further enabling even more brokers see the benefits of working with us,” said Somo’s sales director, Jade Keval (pictured).
Read more: SoMo reports record month in May thanks to borrower promotion
“The NACFB expects its panel of lenders to maintain high standards, which gives brokers and their clients the confidence they’re dealing with reputable professionals.
“We’ve always worked tirelessly for our broker clients and feel that this partnership provides an additional string to our bow. Being accepted as patron lender underlines all that we do so well including the provision of market leading products, years of experience and expertise and a robust approach to underwriting.
“Like Somo, the NACFB is passionate about supporting brokers to find the right solutions for clients and simply making the whole borrower experience better. We’re looking forward to partnering with their respected team and getting even more deals across the line.”
Norman Chambers, managing director at the NACFB, added: “We’re delighted to welcome Somo as a patron. Whilst there are many good bridging lenders in the market, Somo’s offering is a little different. We particularly like the way they can work with our member brokers to achieve solutions for business borrowers across the spectrum of statuses, from those with impeccable credentials to those whose requirements and circumstances are more complex.”
Read more: Somo bolsters team with relationship director and two underwriters
