10 reasons to use a commercial finance broker

Date: January 2016, Category: Banking, Author: admin

10 Reasons to use a commercial broker

  1. ACCESS – Some lenders work exclusively with brokers and rely on them to be the gatekeepers to bring them suitable clients.
  2. EXPERTS – Brokers are obliged to have a qualification or be accredited by experience. they are full time professionals, experts in their area.  They constantly study all relevant markets and receive regular updates from various lenders.
  3. TIME –Much time can be spent exploring numerous providers and products – brokers can take away the hassle of finding the best deal allowing you to concentrate on other areas of your business.
  4. FUTURE – A ‘quality’ broker is looking to form a long and meaningful professional relationship with you and provide personal and individualised service on an on –going basis.
  5. QUALITY – Many brokers have come from a strong lending background and have significant qualifications and experience.
  6. PRICE – Brokers can often obtain special rates from lenders due to the value of business generated and can negotiate confidently on your behalf where applicable.
  7. FEXABILITY – Brokers will have developed relationships with a number of lenders over the years. This may mean that the lender will be more flexible in their approach to your application particular those which are more complex, bespoke or in niche industry sectors.
  8. TERMINOLOGY – Terminology can vary with each lender and some have in depth terms and conditions.  A broker can offer support in explaining the necessary terms and conditions that apply to each lender.  They will be able to explain the whole process to you in a straight forward manner and assist with the completion of application forms
  9. PRODUCTS – Brokers may be able to offer information and advice on the whole range of financial products available in the market for example invoice finance, commercial mortgages, grants etc.
  10. SERVICE – Finance brokers provide a face- to -face personal service.