The National Association of Commercial Finance Brokers (NACFB) reported a 15% increase in its member firms in 2024, rising from 1,168 in January to 1,338 by year-end.
In addition to the increase in member firms, the number of individual brokers also grew by 14%, from 2,436 to 2,783 by the end of the year.
The number of commercial finance lenders joining as Patrons increased by 6%, from 153 to 162.
July 2024 marked a key milestone as the NACFB celebrated 25 months of continuous membership growth and conducted its 2,500th broker Assurance Consultation.
Jim Higginbotham (pictured), 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, added: “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.”
