Should I use a business finance broker?

28 July 2018

Regardless of the type of business you run, there will often be times when your business needs access to additional funds.

This could be to expand the business or pay an unexpected bill.

With various options available for raising finance and the time needed to approach lenders and prepare the necessary paperwork or application forms, it can be a time consuming and frustrating task. This is perhaps the last thing that you need when trying to juggle the responsibilities of running your business.

This is where a business finance broker, such as The Funding Store can help.

Here we list 8 key reasons why we are a popular choice for businesses to secure competitive finance that meets their needs.

1. Experienced professionals to assist you

Different businesses will have different options available to them, and this is why it is important to enlist the services of a professional when it comes to applying for business finance.

We will discuss your needs, your circumstances and find a solution that works for you. With more than 20 years’ experience in the field, it’s not often that we find a situation which we haven encountered and solved before.

2. Extensive panel of lenders and finance options

Choice. It’s the key reason that makes a finance broker the right option for you. We aren’t tied to one provider and we know which lenders are suited to which business situations and finance needs. Applying to one lender means that you are limited to what they can offer and the time needed to make the application.

We have invested our own time and resources into building an extensive panel of reputable lenders so that you don’t have to. Through our panel we will find you a suitable solution/s calling on our knowledge and good relationships with funders.

3. Competitive rates

It is probably why you are here. You want to find a finance solution that has a competitive borrowing rate, after all you don’t want to be lumbered with paying off large sums of interest owed on your finance.

We work with a panel of lenders who offer excellent rates and are suitable for many different situations.

4. Fast moving and quick decisions

They say that good things come to those who wait. But when it comes to business finance this couldn’t be further from the truth. The longer it takes for a decision on your finance application the longer your business goes without the funds it needs to meet payments or expand.

Depending on the lender and your personal circumstances we can have a same day decision and funds in your account within 4 hours.

5. Finance that matches your needs

Each finance solution that we arrange is tailored to the needs of our client. Whether spread over a duration to make repayments manageable, no early repayment penalties or as secured, unsecured or asset secured finance. One size doesn’t fit all, so we will build a finance solution that is right for you. We can source finance from £3,000 up to £1 million.

6. No need for extensive paperwork

Long application forms, documents, business plans, paperwork, waiting for a decision and more waiting for the funds. Its easy to see why applying for business finance can be a frustrating task, only to find the rate wasn’t what you expected or you haven’t been approved.

With The Funding Store you can apply in 3 easy steps. Complete our short website form, we will contact you (5 minute average call time) and then send the necessary documents to us. That’s it. Sit back and we’ll search our panel of reputable business funders to find a competitive option for you.

7. No commitment or obligation

With our service there is no upfront fees or commitment needed. This means that we do not charge for searching for your finance. We only earn if you choose a finance package that you are happy with, therefore our sole focus is finding finance that meets your needs and that you want to choose.

8. Mix and match to find your perfect solution

In some situations it may be preferable to approach multiple lenders to meet your needs and secure the right level of finance. If this is the case we can talk to you about a bespoke package of finance across multiple lenders. We will make the process smooth and straightforward for you.

Contact us

If you would like to discuss our services and how our team of finance brokers can support your business do get in touch. We are open 7 days a week and ready to help you find the finance that you need for your business

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Should I use a business finance broker? The Funding Store

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This article has been produced by www.TheFundingStore.co.uk for general interest. No responsibility for loss occasioned to any person acting or refraining from action as a result of the information contained in this article is accepted by HPG Holdings Ltd. In all cases appropriate professional legal and financial advice should be sought before making a decision.

This article has been produced by www.TheFundingStore.co.uk for general interest. No responsibility for loss occasioned to any person acting or refraining from action as a result of the information contained in this article is accepted by HPG Holdings Ltd. In all cases appropriate professional legal and financial advice should be sought before making a decision.