The Financial Intermediary & Broker Association (FIBA) has partnered with Atom bank, which has joined the trade association as a lender partner.
Atom launched operations in April 2016 and offers secured business lending for small and medium-sized enterprises.
The Durham based digital lender has funded over £1bn to SMEs since launch and operates a model where it distributes exclusively through commercial finance intermediaries.
Adam Tyler (pictured), executive chairman of FIBA, said that FIBA has been a long-term advocate of Atom bank and its commercial lending arm, and he believes it is a particularly exciting addition for the membership.
Tyler added: “My relationship with Atom bank goes back to its inception in 2016 and, from those early days onwards, the bank’s approach to commercial finance intermediaries has demonstrated particular merit.
“Despite being a digital bank itself, Atom understands the importance of a human, personalised touch in the commercial lending process, which will be highly attractive to our members.”
As a digital bank, Atom utilises its broker gateway, Portal, to make the process faster for brokers.
At the heart of this is the innovative Quick Quote tool, which makes Atom one of the only banks to allow the creation of indicative quotes for secured business loans almost instantaneously.
Tom Renwick, head of business lending at Atom bank said: “FIBA is a progressive, forward-thinking and innovative organisation like ourselves, so we are excited about how we can work together to help FIBA members and their clients thrive.
“The specialist commercial property sector is a key focus for us as we look to develop and expand our offering, and this partnership will open up our industry leading products to even more UK businesses who need access to much needed finance during a particularly unpredictable period.
“During this turbulent time, we think our focus on speed, ease and value for money can really benefit brokers and their customers, so we look forward to working closely with a number of new intermediary partners as we head into the new year.”
