1) Find the right Finance Company, with over 100 to choose from, it can be very difficult finding the right one. Most Finance Companies and Banks have industry sector, credit rating or business size preferences.
A good finance broker, does this every day, my first case was in 1990, we know where to go, saving you time hassle and unnecessary form filling and disappointment.
2) Present your Company information in the correct manner that the credit department will pass your application.
We have direct access to the decision makers, many of them our my friends, we deal with each other so much (in fact today I am going to the Spice Market Restaurant in Wardour Street with a key decision maker).
Our close relationship allows us to explain any special circumstances which are relevant, thus ensuring a proposal does not get turned down at the last moment in underwriting.
3) Avoid leaving unnecessary Financial Footprints which can harm a future application for Finance.
By going to the wrong finance company, you have wasted your valuable time and have left a needless and potentially harmful “financial footprint behind”, giving a future loan underwriter concern on why other finance companies have turned your company down, they normally err on the side of caution.
In many cases we get a verbal approval before even leaving a financial footprint or submitting an application form.
About once a week I am told, well I did apply to this Company but we were unexpectedly turned down at the very last moment.
I am left thinking to myself, they actually went to the right Company, but it was turned down by the underwriters, because they did not fully understand the proposal and to make matters worse an unnecessary financial footprint has been left that might lead to a problem later.
This is truly a crying shame as we would have got this through; a good broker will be able to speak to the underwriters direct, with any relevant information that will lead to a successful application.
When I speak to a client who is looking for Business Finance I go through their requirements and wish list asking them questions based on their turnover size, industry sector and their financial position.
With well over a 100 Finance Companies to choose from, it is possible to say yes to most requests. The biggest myth out there is that all Finance Companies are the same; this truly is not the case.
In truth I have a contact book to die for, I am a very lucky man, I love my job and get a real feeling of pleasure by making life as easy as possible for my clients.
For example if you were in one of the 62 Construction related Industries why would you want to go to a finance house, who did not fully understand your business? The issues you can have over weather, retentions and applications for payment.
If you would like to explore your options and deal with a Finance Company that is going to make your business life easy and far more profitable, then why not pick up the phone for a chat, time wasters and impossible cases are welcome to call, I love a challenge.