Most business owners are so busy running their business that they simply don’t have the time to research funding options, let alone compare them.
With so many options available, what will it take to go through and assess what’s best for your business?
When time is of the essence, a good finance broker is truly invaluable.
That’s just what the managing director of a fast-growing business in the construction sector did. The landlord was looking to sell the property that this ambitious civil engineering company occupies and the team wanted to buy the unit with plans to renovate it.
‘The landlord wanted the sale completed within 4-weeks’ explains the MD. ‘With working capital becoming a challenge due to the increased number of projects due to start, we needed a responsive broker who’d dealt with this kind of deal before, with the market knowledge to secure us the right deal, fast.’
With years of experience in the market – or decades, in our case – and quick access to decision makers within lenders, working collaboratively with a broker, such as Breadalbane can quickly help SME business owners source the right financial support for their business. A broker will quickly identify suitable lenders and debt structuring options, and present the varying options available to them.
“What with working capital was becoming a challenge due to the increased number of projects the business was about to start, we needed a responsive broker.”– Managing Director, civil engineering company
For the civil engineering company, this meant finding a favourable win/ win deal for both the business and the landlord wanting a quick sale. Working within the tight timelines, a tailored flexible payment plan was crafted.
‘The total repayments were less than the current finance obligations which meant the month-to-month cash position wasn’t impacted’ says our client,’ and now we own our premises in full with no borrowing against it, and can action our plans for growth.’
Negotiating favourable rates
The professional input a broker brings helps save business owners precious time and money by offering a cradle-to-grave service. It includes sourcing options for the right funding structure, negotiating favourable conditions and rates, plus help with wading through the quagmire of paperwork than can sometimes accompany a deal.
Quite simply, brokers play a valuable role in helping SMEs source the right financial support for their business and can present varying options available.
Most reputable finance brokers, like Breadalbane, won’t charge you for this service – instead, they are paid by the funder for introducing you.
In a nutshell, it costs you nothing to use a finance broker service.
