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Why use a commercial finance broker?
How a commercial finance broker can help your business secure funding
A commercial finance broker plays an important role for businesses looking for funding. They can source the most suitable types of finance using a whole-of-market search strategy whilst also accessing the best deals and lenders.
With so many alternative lending options now available to help companies get ahead of the competition and grow sustainably, an experienced independent broker is a pivotal figure when applying for funding.
A potential problem is that securing the wrong type of finance can seriously hamper your cash flow and the financial stability of your business, so how can a business finance broker help you?
What do commercial finance brokers do?
Their fundamental role is to match business borrowers with suitable lenders. An experienced broker has industry-wide knowledge of commercial financial products as well as an awareness of emerging funding options and lenders. This means you can access up-to-date guidance on the most appropriate forms of funding that match your business’s needs.
Long-term connections with financial institutions and lenders underpin this role. From high street banks to specialist financiers, a good commercial finance broker takes a whole-of-market approach when matching borrowers with lenders.
So, whether you’re looking for a standard business bank loan, asset-based financing, or general support for your working capital, a business finance broker will guide you towards the best deals.
Advantages of using a commercial finance broker?
Identifying the best deals
Excessive borrowing costs can compromise a business’s financial health but a broker will provide a shortlist of the best lenders and deals that are tailored to your company’s needs, including private and niche lenders.
Comprehensive support when applying
A commercial finance broker works with you to ensure you meet the lender’s requirements, checking that you provide sufficient supporting documentation. They can also make an application on your behalf, liaising with the lender at every stage.
Access to a network of lenders
Given the many new and emerging lending products available, a whole-of-market search commonly reveals financing options previously unconsidered. For example, options that address a business’s specific requirements, such as fast access to funding or flexibility in the lending terms and conditions.
Depth of knowledge
An established business finance brokerage offers considerable depth of knowledge on every aspect of lending, including lenders’ requirements and borrowing costs. A good broker will also advise on lending products suited to specific sectors.
Negotiating expertise
Excellent negotiation skills are essential in their role as professional intermediaries. Expert negotiation ensures that borrowing costs are manageable for the whole term of the loan, which makes a considerable difference to a company’s long-term financial outlook.
Using a professional commercial finance brokerage
The specialist support that’s provided, as well as in-depth knowledge of the lending market, makes using a commercial finance broker an obvious choice if your business is looking to secure funding.
UK Business Finance are established business finance brokers - our services are independent and free of charge to our clients. We operate offices around the country, so please get in touch to find out how we can help your business move to the next level.
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Matt Cluer
Finance Expert
Matthew has over 15 years’ experience of working alongside businesses across the UK supporting directors, shareholders, and key stakeholders. At UKBF Matthew works tirelessly to secure the funding companies need when they need it. Adept at raising finance through invoice and asset-based lending, crowdfunding, loan and equity funds as well as Government schemes, Matthew is perfectly placed to help your business access the funding required whether for general working capital, or to embark upon an ambitious growth and expansion project.
Top Finance Tips
We work across a wide range of sectors throughout the UK, providing specialist advice to each sector.
Why use a commercial finance broker?
A commercial finance broker plays an important role for businesses looking for funding. They can source the most suitable types of finance using a whole-of-market search strategy whilst also accessing the best deals and lenders.
What are cash flow forecasts and why are these important when obtaining business funding?
Operating with positive cash flow helps your business to pay its bills, conduct day-to-day trade with minimal issues, and plan confidently for the months and years ahead. But how do you know that there will be sufficient cash available when it’s needed?
Good debt vs Bad debt
Managed well, debt can improve your credit rating, enable expansion, and stabilise cash flow. It’s the backbone of growth but with so many different types of borrowing now available, it’s important for your business to carry ‘good debt’ rather than ‘bad debt.’
How to best prepare my company for a finance application
When preparing your company for a finance application, it’s key to present the business in its best light whilst also providing realistic projections, your plans for the funding, and how it will help the business grow.