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Why a finance broker is the ultimate sidekick for every FD

08/10/2019 / Comments 0

Why a finance broker is the ultimate sidekick for every FD

When it comes to identifying and securing the most suitable funding for your needs, a commercial finance broker can be your ultimate sidekick.

Here we share eight reasons why they’re worth having on your side, plus three things to consider when choosing your ideal partner.

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1. Combat cash flow problems

Whether you want to purchase new machinery, buy a business or simply bridge a cash flow gap a broker will help you to identify and secure the business funding that you need in order to meet your goals.

2. Save you time

With so many products and providers to choose from, the search for business funding can consume a great amount of time and resource. A broker can help take this pain away by quickly identifying the solution that fits.

3. Specialist insight

Whilst a bank manager will only be able to discuss products that they offer, an independent broker will objectively assess the entire commercial finance market and concentrate on sourcing the best deal for you.

4. Jargon busters

Confusing terminology, different facility structures and various pricing methods can make it challenging to identify the right solution for your business, but a broker will use their expertise and explain any jargon you come across.

5. Access to decision makers

A good broker will have access to decision makers at a large number of lenders so they can easily compare a wide range of products and services to increase the likelihood of your business securing the most suitable solution.

6. Source the best deals

Recognising that every business is different, a good broker will get to know your business and its funding needs and challenges in order to identify the most suitable facility in terms of funding, service, relationship and cost.

7. Help you succeed

Every business needs access to cash in order to reach its potential, and a broker will ensure you have – and continue to have – the optimum facility in place to do that.

8. They care

A good broker won’t just stop once they’ve helped you secure a new facility. They’ll keep in touch to help you work through any initial teething problems and make sure your funding continues to work for you in the long term.

KEY CONSIDERATIONS

Independence

Some brokers are part of larger financial organisations and may be restricted on what they can introduce you to. In contrast, an independent broker will objectively assess the market to find the best fit for your needs.

Panel

Most brokers work with a panel of lenders. The bigger and more diverse this panel is the more likely you are to secure the most suitable solution.

Cost

Some brokers will be remunerated by way of commission from the funder, others will take a one-off fee from the client. Some even offer their clients the choice.

TAKE ACTION

As an independent commercial finance broker, we can work with you to find the most suitable funding for your needs. Contact us on 0800 9774833 or info@hiltonbaird.co.uk to see if we could be your ultimate sidekick.

INFOGRAPHIC Why a finance broker is the ultimate sidekick

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Some of the funders we work with

  • Positive Cashflow Finance
  • Shawbrook Business Credit
  • Calverton Finance
  • Nucleus Commercial Finance
  • Santander Corporate & Commercial
  • Boost Capital
  • Merchant Money
  • Bibby Financial Services
  • IGF Invoice Finance
  • Leumi ABL
  • Davenham Trade Finance
  • Innovation Finance
  • Market Invoice
  • Secure Trust Bank
  • ABN AMRO Commercial Finance
  • Haydock Finance Ltd
  • Royal Bank of Scotland
  • Lloyds Bank Commercial Finance
  • 1pm
  • Woodsford Tradebridge
  • iwoca
  • Ultimate Finance Group
  • Close Brothers Invoice Finance
  • Team Factors
  • Partnership Invoice Finance
  • Catalyst Finance
  • 4Syte
  • Roma Finance
  • Giant
  • GapCap Cashflow Finance
  • Barclays
  • Pulse Cashflow Finance
  • Spotcap
  • Asset Advantage
  • Regency Factors
  • Davenham Asset Finance
  • Creative Capital
  • Trade Finance Partners
  • Skipton Business Finance
  • Aldermore Invoice Finance
  • Investec
  • PNC Business Credit
  • InvoCap
  • Metro Bank SME Finance

Authorised and regulated by the Financial Conduct Authority (FCA number 730445)
We are a credit broker and not a lender and offer credit facilities from a panel of lenders

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