PC offers brokers £1m war chest

Premium finance provider Premium Credit has launched an alternative intermediary-funding service to ...

Premium finance provider Premium Credit has launched an alternative intermediary-funding service to brokers providing up to £1m for acquisitions. Broker Acquisition Finance is aimed at medium to large independent provincial brokers focused on acquiring small businesses. Brokers will have access to 100% funding of the purchase amount and up to 120% of the net annual brokerage of the target broker.

Although BAF will only be initially available to existing PC clients, it will extend to all brokers

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