"The return of Metro Bank to the NACFB fold is a very welcome one. The move marks a real commitment to intermediary-led commercial lending."
Metro Bank is currently seeking to expand its commercial lending, especially via the intermediary channel.
For commercial loans, Metro Bank lends between £250,000 to £15m across all trading business sectors.
For asset finance, the Bank offers loans from £15,000 up to £5m. For deals up to £150,000, Metro Bank uses a matrix that articulates exactly the types of customers that it accepts. The Bank shares this matrix with intermediary partners, allowing brokers to identify very early on whether they will get an acceptance for that customer and under which terms.
Customers have access to their own dedicated relationship manager and operational support. For larger deals, Metro Bank will also provide credit partners to visit customers in person.
On invoice finance, the Bank also offers lending from £100,000 up to £20m with a 28 day notice for customers so they are not tied into long term contracts.
Norman Chambers, managing director of the NACFB, said: “The return of Metro Bank to the NACFB fold is a very welcome one. The move marks a real commitment to intermediary-led commercial lending. We look forward to partnering with the Metro team to help support UK SMEs via their growing product range.”
Simon Neale, head of commercial intermediaries at Metro Bank, commented: “We are thrilled to reaffirm our relationship with the NACFB. The organisation’s excellent reputation and diverse networks make it an important partner as we drive commercial lending through its range of expert intermediaries.”
