Brokers Sponsored by Brokers Associations NACFB posts 15% rise in members in 2024 Published: 8th January 2025 Share The National Association of Commercial Finance Brokers (NACFB) has recorded a substantial 15% rise in the number of its Member firms in 2024. This growth saw broker firm numbers climb from 1,168 in January to 1,338 by year-end. The increase underscores the Association’s ongoing commitment to cultivating a stronger, more inclusive commercial finance community. Last year’s record-setting growth builds upon the 11% increase in NACFB Members recorded in 2023. Additionally, the NACFB’s individual broker count grew by 14%, rising from 2,436 in January to 2,783 at the close of 2024. The number of commercial finance lenders becoming Patrons of the trade body also saw an uplift of 6%, from 153 to 162. July 2024 marked a significant milestone, as the Association celebrated 25 consecutive months of membership growth and conducted its 2,500th broker Assurance Consultation – further testament to the NACFB’s sustained momentum. Jim Higginbotham, NACFB CEO, commented: “Last year’s 15% growth is a real testament to the NACFB’s unwavering drive to build a more inclusive, thriving commercial finance ecosystem – one defined by trust, innovation, and opportunity. “Our Members remain at the heart of everything we do, and as we continue delivering resources, advocacy, and a culture of excellence, I’m confident we can shape the industry’s future well beyond 2025. Our ambition remains clear: to empower every Member to flourish and, in doing so, elevate the sector as a whole.” Adrian Coles, NACFB Interim Chair, added: “As I enter the last year of my tenure, it is humbling to look back at the many milestones we have achieved together. “Each step along this journey has served as a point of continuation, rather than an endpoint, as we shape an ever-stronger trade Association – one we can all be proud of. I’m very confident that the progress made last year will position us well for continued success in the years to come.” Earlier this month, the NACFB confirmed the appointment of two broker Members to its board as Non-Executive Directors. Tom Perkins, Director and Co-Founder of Charles & Dean, and Evette Orams, Managing Director of Hilton-Baird Financial Solutions, joined the NACFB board, bringing fresh perspectives and proven expertise to the Association’s leadership. At December’s AGM, the NACFB also received approval from the membership to maintain fees at their current level for 2025. Lisa Laverick Editor - Asset Finance Connect Sign up to our newsletter Featured Stories Corporate Member AssociationsNACFB welcomes two new broker board directors Brokers
