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First National Asset Finance picked to aid network firms

Bankhall has chosen First National Asset Finance as its first-choice supplier of asset finance to help members offer additional services to clients.

First National, part of the Abbey National Group, provides funds to help small to medium-sized companies, including IFAs, invest in assets such as IT equipment to expand their business.

It said the deal with Bankhall, announced to Bankhall members at last week&#39s convention, gives it the chance to reach the largely untapped IFA market.

First National hopes that once it has built a relationship with IFAs, they will recommend its business finance products to clients who have their own companies.

About 50 per cent of First National&#39s business comes from 10,000 brokers and intermediaries and it expects to increase this figure through dealing with Bankhall&#39s 4,925 RIs.

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