Small businesses used brokers to access more than £700 million worth of asset finance during December, January and February, according to the latest figures from the Finance & Leasing Association, the trade body for the asset finance industry.
Broker-introduced asset finance was up by 31% in the three months to February, from £547m last year, to £714m this year. And over the 12 month period, broker finance is up from £2.5bn last year to just under £3bn in the 12 months to February.
