Association of Alternative Business Finance Launched
JLG Group PLC is one of the seven founder members of the newly launched Association of Alternative Business Finance (AABF).
The AABF champions best practice in UK alternative lending with members adhering to four key operating principles; Transparency Responsibility, Fairness and Security.
JLG Group PLC CEO, John Davies, is the AABF's first Chairman and he says, " A vibrant and diverse alternative lending sector has successfully established itself in the UK and we feel the time is right to give it a voice and promote best industry standards. Not surprisingly our operating principles lean heavily on the well established British Bankers Association Lending Code.
"Naturally SMEs considering alternative finance will have questions they want answered. In the future when they see the AABF logo they can rapidly get the detail behind the four key principles from the association's website and be reassured they are dealing with a company that totally embraces responsible lending."