{"id":23364,"date":"2019-07-23T16:07:54","date_gmt":"2019-07-23T15:07:54","guid":{"rendered":"https:\/\/ihbconline.co.uk\/newsachive\/?p=23364"},"modified":"2019-07-22T16:46:58","modified_gmt":"2019-07-22T15:46:58","slug":"fmb-launches-banking-services","status":"publish","type":"post","link":"https:\/\/newsblogs.ihbc.org.uk\/?p=23364","title":{"rendered":"FMB launches banking services"},"content":{"rendered":"

\"logo\"The trade body the Federation of Master Builders (FMB), has launched a new banking service, helping finance new plant for small builders.<\/h3>\n

<\/p>\n

Building<\/em> writes:<\/p>\n

The Federation of Master Builders has launched a banking service for members who need funding to secure vehicles or plant. The first customers are currently going through the process of getting a loan, which is provided through the FMB by BIRA Bank \u2013 a members-only lender run by the British Independent Retailers Association. The typical size of loans is expected to be between \u00a35,000 and \u00a320,000, with firms charged a 2.6% flat rate of interest for finance for new vehicles or equipment and 2.9% for finance for used plant\u2026.<\/p>\n

The FMB already has its own insurance company, which made a pre-tax profit of \u00a33,000 from a revenue of \u00a3814,375 in 2017, the last year for which it has filed company accounts at Companies House.<\/p>\n

Read more….<\/a><\/p>\n

\n

FMB writes:<\/p>\n

As the UK\u2019s largest trade association in the construction industry, we provide members with a broad range of services to help them promote, protect and grow their business.<\/p>\n

To further support our members, we have launched the FMB Bank \u2014 a trade association bank that is sensitive to the needs of Master Builders across the UK.<\/p>\n

We will differ from your average high street bank or building society, providing a personal, friendly, and helpful service with support for our members being at the heart of everything we do.<\/p>\n

As with all our services, we plan to develop our bank with members\u2019 needs in mind. An effortless sign-up procedure along with flexible and transparent saving and lending products is our priority, making finance easy for FMB members.<\/p>\n

The FMB Bank is able to offer members access to exclusive vehicle loan and equipment loan rates that stand out in a competitive market.<\/p>\n

Read more….<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The trade body the Federation of Master Builders (FMB), has launched a new banking service, helping finance new plant for small builders.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-23364","post","type-post","status-publish","format-standard","hentry","category-sector-newsblog"],"_links":{"self":[{"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=\/wp\/v2\/posts\/23364","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23364"}],"version-history":[{"count":4,"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=\/wp\/v2\/posts\/23364\/revisions"}],"predecessor-version":[{"id":23369,"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=\/wp\/v2\/posts\/23364\/revisions\/23369"}],"wp:attachment":[{"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}