Finance Companies pay brokers to introduce suitable businesses to them. Brokers like me save them time and a considerable amount of money by employing manpower to process unsuitable applications. After all, why would a busy Lender want to waste their time on fruitless applications?

The average broker acceptance rate is 70%, but good brokers will be even higher. Mine is 84% – let me leverage my experience into success for your business.

A finance broker should be able to take you to a finance company that is a good fit for you and your turnover, credit rating, industry sector and the purpose of the loan.

They will also be able to help you present your case and explain any relevant issues that could cause the proposal to be turned down in the underwriting stage.

Ten reasons to use an invoice finance broker

Utilising a commercial finance broker to access invoice finance offers several advantages over applying for yourself.

1. Professional guidance: A finance broker possesses expertise in invoice finance and can provide valuable insights and advice throughout the process.
2. Access to multiple lenders: Brokers have connections with various finance providers, expanding your options and increasing the likelihood of finding the best fit for your needs.
3. Time efficiency: Brokers handle the research, paperwork, and negotiations, saving you valuable time and allowing you to focus on your core business operations.
4. Negotiation expertise: Brokers possess negotiation skills and experience in dealing with lenders, enabling them to secure favourable terms and conditions on your behalf.
5. Customised solutions: Brokers assess your specific business requirements and tailor invoice finance solutions to match your unique circumstances.
6. Increased funding alternatives: By tapping into their extensive network of lenders, brokers can present you with a broader range of funding options, increasing your chances of finding the most suitable one.
7. Industry-specific knowledge: Commercial finance brokers understand the nuances of different industries and can recommend lenders who specialise in your specific sector, ensuring a better understanding of your business and its financing needs.
8. Simplified application procedures: Brokers streamline the application process, ensuring that all necessary documentation is prepared correctly and submitted promptly, improving the chances of a successful application.
9. Confidentiality assurance: Engaging a broker ensures that your sensitive financial information remains confidential throughout the process, as professional codes of conduct bind brokers.
10. Enhanced prospects of obtaining favourable terms: With their expertise and access to multiple lenders, brokers can negotiate better interest rates, flexible repayment terms, and other favourable conditions, optimising your invoice finance agreement.

Essentially, to get it right with this type of finance, you really need the inside track; that’s the part the salesman does not tell you…

You have to consider hidden charges, the quality of customer care once signed up, and that you might be liable to lose some clients because of their verification process.

To get it right, talk to me…

• If you are worried about late payers making things difficult for you, then invoice finance allows you to get paid when you need it (even as soon as you raise the invoice), then repay the finance company in 60-90 days when your client pays you.
  
• This a great type of finance for any business which consistently waits on payments due to the nature of its operation or its clients.
  
• Invoice finance can be especially good for those in the Construction sector as we can arrange payment on your Uncertified Applications for Payment.

If you are looking for any type of business finance (either now or in the future), then you are very welcome to call me on 0800 612 5364.