Brokers to focus on commercial finance in 2013
Commercial finance is set to be a major source of business for brokers, according to figures from Lancashire Mortgage Corporation.
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The figures show that although high street lenders are still restricting lending to businesses, there is still a high demand for commercial finance.
According to the survey, a further 51 per cent of brokers plan to diversify into commercial finance over the course of the year, evidence of the increased potential this sector offers.
Gary Bailey, sales and marketing director for Lancashire Mortgage Corporation, said:
“Business owners are still looking for the appropriate finance to grow their business and bridging finance and commercial secured loans are becoming more appealing to them.
“Brokers are responding to this demand and adding commercial finance to their portfolio, which will be welcome news to many businesses.”
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