What is a Commercial Finance Brokers and Why You Should Use One?
Executive Summary About Commercial Finance Brokers by Mark Dalton
commercial finance broker
A commercial finance brokers is a specialist intermediary between businesses seeking funding and commercial lenders, acting on behalf of the client business. The typical broker will have access to a network of lenders and have specific knowledge of any loan criteria, thereby allowing the targeting of the right lender for any set of business requirements and circumstances, therefore maximising the chances of a successful application.
Many customers of commercial finance brokers have usually already approached a bank and had a loan application turned down, sometimes more than once! A good commercial broker will initially take the time to understand your business and future plans before approaching any lender. If the business proposition has the potential to be financed then the broker will package the deal, select the most appropriate lender or lenders and ensure that any offer is priced competitively.
Brokers normally make a commission on any business loan placed, but not always, some will always charge a broker fee, others will only charge where no commission is available.
