What is a Broker and How Can They Help my Business?
There is no denying it’s been a strange year, and we know it’s been a hard year for SMEs and with all the pressure, changes and temporary measures it has been quite difficult to plan for the future. With things levelling off, SMEs are now starting to make and even implement plans for future growth, and obtaining funding might be part of that solution. Could a broker help you, and how, our handy guide will give you an overview.
What is a Broker?
A commercial finance broker’s role is to secure funds from lenders and transfer those funds to the borrower, or business, and a good broker will know all the details of the process, and have access to many lenders which approve funds. A broker will also have great knowledge of the market, and will be able to offer a tailored product for the client, with the appropriate lender available. In other words, a Broker maximises the client’s chances in securing finance.
How can a broker help my business?
Many businesses fail when applying for finance on their own, as the whole process can be daunting and lengthy, not to mention the many different requirements. Each business has different needs so how to achieve that can vary significantly between them, and a broker is able to identify the best opportunities depending on the case and maximise them.
A broker will be on your side through the whole process, has experience in their sector and knows the market well, and is able to save you and your business time.
ASC has been doing it for the past 50 years, and still going strong – we’ve had the opportunity to work with clients all over the UK, securing all types of finance, across all sectors and ultimately helping the UK economy grow. If there is something that we have, it’s experience, and we are experts who serve our client’s needs.
As Henry Ejdelbaum, MD, comments “As business finance brokers our job is to remove the ever increasing number of hurdles that are put in your path by lenders. Our focus is to arrange business finance and commercial finance – sensible finance for sensible deals at sensible rates. An experienced Director who has a strong commercial background and real experience enables him or her to find business finance which is just right for your business.”
About ASC Finance for Business
ASC was established over 50 years ago; we are independent business finance brokers. We have developed a successful track record helping businesses across the UK secure finance by removing the hurdles put in their paths. We have extensive knowledge of the financial products available from lenders, and can approach them to help businesses find the right finance for their projects.
Our local directors are highly experienced and have a strong commercial background which will help your business increase their chances in securing finance. ASC enables businesses to have more free time to focus on and develop their business.
Blog by: ASC Finance for Business
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