Ethnic minority-led businesses are also twice as likely to have complained to their lending provider.

On average commercial lenders rely on brokers for 67% of SME finance transactions.

Luke has held previous positions at Lloyds, Aldermore and Ashman Finance.

The overall proportion of smaller businesses accessing finance is down amid challenging economic conditions.

Daniel Jones, bridging and commercial sales manager at Norton Finance, says 2025 provides brokers with a great opportunity to explore the commercial market and help any small business...

Full funds will be available from day one, allowing greater flexibility.

The broker sales team is now comprised of three regional teams.

A further discount is also offered for industrial units which meet specified criteria.

SMEs in Ireland can apply for €10,000 to €250,000 of revenue-based finance.

Jez brings a long career working within the finance sector, including corporate advisory service firms.