How a finance broker can assist you in the your funding application?

With so many lenders now in the market it can feel like a very daunting task trying to find the right funder for your business. With the experience a broker can bring to the table, they can explain all the different options available as well as answer any questions you may have. Seeing as most brokers are independent, they will give you the best advise in regards to raising funds.

  1. Knowledge

Brokers will have a wealth of knowledge regarding the finance industry, whether that be a new product on the market, or new lenders that have recently entered the industry, they can place you with the most suitable solution.

  1. Speed

Seeing as a broker will look after your application from start to finish, corresponding with the lender on your behalf, this allows business owners to carry on with their normal day without loosing any time out of their day. Brokers will also know what documents will be needed and what questions to ask to speed up an application.

  1. Best Rates

Due to brokers having access to a range of different lenders, they can search the market for the best rate. If you went straight to a lender, you may not know there is a cheaper solution for your business.

  1. Expertise

The difference between a flat rate and APR? Invoice financing versus merchant cash advances? Business credit versus personal credit? A broker’s expertise would be able to answer any question with ease, as well as any acronym you are struggling with.

If you are interested to explore funding options for your business, why not give us a call on 01371 870815 and we can talk you through the viable options moving forward.