Finance

When it comes to business finance, relationships matter

Finding the right kind of finance for your business has become increasingly challenging over the last few decades. There are so many options out there, more than there ever have been before, but often the biggest issue is understanding all the choices available to you and the implications for your business in the long-term.

Back in the day of traditional bank managers, every business had a dedicated, relationship-focused person who could talk through the options and understand the intricacies of a business. I started my working life in Barclays, Okehampton – back in 1989 - we had an office manager, 10 staff and often knew customers by name.

Business isn’t like that these days – well, not on the high street anyway. You might not be able to sit down and have a coffee with your bank manager anymore, but there are knowledgeable people willing to share their experience and understanding.

As a business owner looking for finance, you could try your accountant or your financial advisor if you have one. Often though, it is commercial brokers who are able to give the greatest breadth of advice when it comes to funding solutions to fit your overall business.

What could a commercial broker do for you?

Firstly, most commercial brokers will meet you face to face to discuss your business needs free of charge. They do this because they make commission on deals placed with lenders. But, in order to get to that point, it’s the front end relationshipbuilding that really matters.

A good commercial broker will want to learn about you and your business – what you sell, to whom and how. They’ll be interested in the current numbers, of course, but also your plans for the future. With information on the assets in your business, the borrowing you already have and credit history, they’ll be in a position to help you understand what funding solutions are available to you, and which ones best suit your business now and as it grows.

Commercial brokers can liaise with lenders, answer all your questions and stand with you as your business grows to ensure you always have the financial support when needed.

If you’d like a no obligation chat about how a commercial broker could be an asset to your business, contact Colin Chastey on 07760 454 244.

Asset Finance Man Limited is an Appointed Representative of EFT Finance Limited.

The Asset Finance Man

ASSET FINANCE | REFINANCING | LOANS | CASHFLOW

Asset Finance allows a business to buy new or used equipment, machinery, vehicles etc and spread the cost over a period of time. It also offers the ability to raise cash against assets already within a business.

If your business needs funding for growth or cashflow talk to Colin Chastey, The Asset Finance Man, today! Colin Chastey