Benefits of using a finance broker for your business

The process of securing a loan for your business can be confusing at times. There are thousands of lenders out there who all do things just a little bit differently, so how do you know which one is right for you? A simple solution to ensure the guesswork is taken out of the process is to engage the help of a finance broker.

Finance brokers are a resource who can help reduce the stress of securing a loan.

Their experience, knowledge of market trends, and access to a variety of lenders make them an invaluable asset to your business.

We’ve compiled four of the key ways that your business could benefit when choosing to engage a finance broker and Lend Brokers.

• Saves Time Securing a loan by yourself can be a long process, especially if you’re committed to finding a good deal. Every business has a unique financial situation and when sourcing a lender on your own, you will spend much of your time searching for the best option. You will also be required to complete a separate application for each finance institution. With a broker, this information just needs to be provided once. Using a broker allows you to focus on your day-to-day work while they do the research and find all the best options for your business.

• Saves Money Expert knowledge of the industry is key to finding a good bargain. Our brokers work with a large panel of traditional and alternative lenders, giving them access to a huge variety of options for your business. They can collate the best interest rates and payment options, knowing the lender is giving you the best deal. This allows them to find best fit for your circumstances and mitigates the risk of you missing out on a deal you may otherwise not have been aware of.

• A Broad Network This gives them access to better offers and more flexible payment options that on your own, you may not be able to access. This is particularly helpful if your credit is less than favourable as it lowers the risk of your application being rejected and damaging your credit score even more. After assessing your finance application, they can present it to the right lenders to source the most suitable solution.

• A Tailored Experience Our brokers take the time to make sure they understand the client, their business, and their needs. They are committed to finding the best financial solution for your individual situation.

The information on this website is provided for general information only and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from financial, legal and taxation advisers. Although every effort has been made to verify the accuracy of the information, we disclaim all liability (except for any liability which by law cannot be excluded), for any error, inaccuracy, or omission from the information or any loss or damage suffered by any person directly or indirectly through relying on this information.