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Our Finance Lease and Contract Hire customers may be interested to
know that the FLA (Finance & Leasing Association) the trade body for the
asset finance industry, has announced that small businesses used brokers to
access more that £700 million worth of asset during December, January and
February. Broker introduced finance is up from 2.5bn last year to just under
3bn in the 12 months to February.

Adam Tyler, Chief executive of the National Association of Commercial Finance Brokers
responded by saying:

“The growth in broker introduced business to SMEs is very encouraging news for the
industry and the UK economy. The increase in business from brokers also
highlights the value that businesses put on the advice and expertise offered by
experienced brokers, who draw upon their wealth of knowledge to access the best
suitable terms for their clients. This proves how
integral the services of brokers are to the growth and recovery of the UK as a
whole. The recent upturn in activity from SMEs also offers very encouraging
signs showing that they are investing in new equipment, which in turn will
inject new life and growth in to the economy.”

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