Before applying for Business Finance please read this,using a finance broker can more than double your chances of a successful application.
With the uncertainty of Brexit, many finance companies are trying to build up their reserves, hence businesses going direct seem to be paying even more than normal, well it is the same with you, your best customers get the best that you can give and someone you have never met before with a one off requirement is going to pay more. Which is why good brokers are getting much better deals for their clients, particularly in todays political climate.
We give finance companies bulk business.
The other big reasons why we get cheaper rates than a business can by going direct, is we know who to approach,and when they are discounting that type of loan to balance their lending portfolio.
Please look at the examples below.
A business approached a Finance Company Direct and was offered a rate of 10.9% they then came to us and we achieved a deal at 4.9% saving them a massive 6% per annum, the client had funds in their account in 4 working days(it did help they had paperwork to hand, it did need some tweaking though)
Construction Company came to us and needed £300k as soon as possible, if not quicker, cleared funds were in their account 5 working days later (we did get required paperwork back the same day), we knew where to go too and we dealt with a decision maker.
A recent overview.
We have secured finance for many companies in the last 6 weeks at 3.2% to their amazement and several large debt consolidation deals for between 3.5 and 4.5%. Instead of having 3 or 4 loans, it is much easier to service 1 loan( we had a business with 18 different loans, we consolidated this into 1 loan, it made a monumental impact on their cashflow).
If your business is looking for any type of business finance that is what we do, including property development. Why not pick up the phone and tell me what finance would ideally suit your business, let us be your Satnav helping you get there quickly and easily we work with all types of businesses including the construction sector(my father was a builders merchant)please click oif you would like to see our new construction finance video
PS. If your business is really struggling in the present market and you cannot secure finance or see a way forward, please call me as there are more options than you think.