The National Association of Commercial Finance Brokers' (NACFB) Commercial Finance Expo is taking place in June this year at the Birmingham NEC's Pavilion.
The event is the largest in the calendar for the short-term loan and factoring industry and is intended to give customers and industry insiders a chance to speak to commercial finance providers face to face.
The market for short-term loan and invoice factoring has grown hugely over recent years as the availability of traditional credit has been scarce. A growing number of businesses are turning to factoring as a way to free up cash that may otherwise be caught up in unpaid invoices. Factoring allows firms to receive the cash owed to them immediately, while the factoring firm chases up the monies owed and takes a small percentage once it’s paid.
At the Expo there will also be a conference event, allowing industry players to give speeches about their experiences in their particular sections of the industry.
The NACFB is a national trade body for all form working in the commercial finance industry. Is intention is to encourage best practice in the industry and to encourage the growth in the industry.