NACFB posts 15% rise in members

8th January 2025

The National Association of Commercial Finance Brokers (NACFB) has recorded a 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.

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, said “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, said “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.”