Should I use a broker when searching for funding for my business? There are so many good reasons to do so – here are our thoughts:
Real People here to Help
How often have you tried to arrange something only to find yourself navigating a maze of chat bots and call centres? With a broker you have someone dedicated to organising your finances available on the end of the phone or meet in person. Real human contact giving you a better customer experience and peace of mind.
Access a Wide Range of Lenders
There are numerous lenders out there, each with their own criteria and policies. A good broker will have a broad pool of lenders, from traditional banks to alternatives options to sector specialists, including some you may never come across going direct.
Saving you Search Time
Searching through all the lenders and options can be hugely time-consuming. A good broker will do all this for you, from searching the market, talking to lending decision makers, and streamlining the whole process, saving you a lot of time and hassle.
Expert Guidance for a Tailored Solution
Brokers are knowledgeable about the different types of business funding available and can provide guidance on which options might be best suited to your business. A good broker can match your business with a lender that understands your industry, business size and financial circumstances, offering you a tailored solution unique to your circumstances.
Navigate the Requirements
Lenders are all different – they have different requirements and preferences. Brokers with this knowledge can make a crucial difference when helping you to prepare your business information for the application process. A well-considered and complete application improves your chances of success.
Tell your Story
A skilled broker will take the time to learn about your business and put together a compelling proposal to tell the lender all about who you are, why you are seeking funds and the difference it will make to your business. Your broker will advocate on your behalf, helping you get the best possible deal for your business.
Make your Life Easier
Simply put, a good broker will guide you through the application process, ensure all the necessary documents are prepared and submitted correctly and increase the efficiency of the whole process. You can get back to do what you do best, running your business.