3rd June 2020
Reach Commercial Finance, the funding and brokerage arm of Leonard Curtis Business Solutions Group has made the shortlist for three awards in a scheme run by industry trade body NACFB (National Association of Commercial Finance Brokers).
NACFB, who is running the awards initiative for the first time, has a trade membership of over 1600 commercial finance brokers across the UK, and champions the highest levels of professionalism, industry and regulatory standards.
Reach has been recognised in three categories including Cashflow Broker of the Year, Factor & Invoice Discounter of the Year and SME Champion Award.
It follows a record year for Reach in which it has helped introduce c £60m worth of funding lines across a range of products, managing over 1000 enquiries through to more than 60 funders.
MD Gary Cain, said he was delighted to have been shortlisted in three categories. He said:
“It’s great reward and recognition for my team who have put together some outstanding deals in the last 12 months and made a significant difference to the businesses involved.”
Helping provide sustainable cashflow solutions for a flooring business in Redditch secured the Cashflow Broker nomination. The creative funding solution which released pressure on the cash flow was transformative, enabling the company to concentrate on delivering their order book and giving them a much better chance of long-term success.
To win the Factor & Invoice Discounter Broker of the Year nomination Reach helped a Midlands- based signage, workwear and tool supplier to release £1m of working capital which helped them meet order commitments and maintain their supply chain.
Reach was also shortlisted for the SME Champion Award which recognises brokers who have partnered with lenders to champion British business. Gary commented: “This was an inspirational deal delivered in collaboration with Bibby Financial Services to take a high performing British food produce brand international for the first time.”
The award winners across 14 categories will be announced in October.