It's Who AND What you know
Tamara Renshaw ACBI (Chartered Banker)
Commercial Finance Broker with Productivity Finance
We've all heard the expression "It's who you know", that's all well and good. You can rub shoulders with the top people in business but when you start to talk business here's where you can falter if you don't know what you're talking about. Ever been in a room with all the movers and shakers but felt out of your depth?
Business funding, or finding it, is an art in itself. Some funders only deal with the Intermediary network and are unknown to the greater business community as they don't have a direct offering. This is why it's so important to know a good broker who has access to an extensive panel of funders of all shapes and sizes. No bank fits all, and there are so many more lenders out there and joining the market regularly, that it's hard to keep track of where to go.
We have over 25 years experience within financial services and business funding - where to go, how to shape a deal and how to get the best terms for our customers. Busineses are rare who have a robust business plan, an enviable balance sheet and profits galore, year on year. There will be adverse credit, unpaid items on bank statements, lack of longevity, sectors which the funders simply shy away from. As a Business Finance Broker, it's our job to find the best financial solution, negotiate best terms and hold your hand through to completion, manging all the hiccups along the way.
So, yes, it's important WHO YOU KNOW as without the contacts we have we would be restricted on where to go fishing. But its more about WHAT WE KNOW. With the current crisis upon us, just like during the Covid pandemic, now more than ever we are needed to navigate the credit market for business owners. We know who in the market is open for business, what their credit appetite is, what rates are current, and who will deliver funds to our customers and not pull out half way.
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Get in touch with us now to explore what options are open to your business, whether it's a helping hand with cashflow, a property purchase, or financing a capital expense on the horizon. We've started the Autumn off well placing numerous applications for credit with our panel, and despite the uncertainty ahead, we motor on for our clients and for ourselves.
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