Benefits of working with a commercial finance broker

Every business has its own unique ups and downs – especially when it comes to finances in a post-COVID world. Whether you operate a seasonal business, are planning to expand or franchise your brand, or simply want to upgrade your essential equipment, commercial lending solutions can provide exactly what you need.

But with a raft of lenders on the market and an even broader offering of commercial loans, how can you find the right solution for your needs? That’s where partnering with a commercial finance broker like Apace Finance can help super-charge your business.

What is a commercial finance broker and what do they do?

Homeowners are already familiar with brokers. But instead of a mortgage broker, commercial finance loan brokers act as the intermediary between the business owner seeking a loan and the lender who is offering a variety of loan products.

The value of a commercial finance broker is that they will get to know you – and, arguably more importantly, your business – very closely. This allows them to understand how your business functions, your financial situation and ultimately the type of loan options that can help you stabilise your cash flow support future growth endeavours, and much more.

3 ways commercial finance brokers can add real value

So how can a commercial finance broker add value for business owners? In addition to helping you manage all the paperwork, they can leverage their lending network for better deals, streamline the application process and potentially get you a better deal than you would be able to secure on your own.

Here are three reasons why many business owners choose to partner with commercial finance brokers.

1. Specialist knowledge and an established network

The best brokers can guide your business through the complexities and paperwork of the loan market. Commercial finance brokers will also have specialist knowledge of your industry and will point you towards the most appropriate lenders to support your business’s long-term growth.

Best of all, if you ever feel a specific loan product isn’t right for you, your commercial lender will have a trove of other lenders within their existing network to draw upon.

2. Familiarity with the banking system

Whether you decide to go with one of the major banks or a smaller lender, commercial finance brokers will be familiar with all the necessary hoops you need to jump through. The best lenders will actually be able to eliminate some of those hoops and streamline the entire lending process so you can get back to doing what you do best.

3. Access to better loan rates

Because commercial finance brokers have a breadth of knowledge across the entire lending spectrum, they can provide your business with direct insights on the latest deals, the lowest interest rates and the most appropriate lending products for your specific needs. That means rather than approaching the Big Four and accepting the first rate they offer, your broking partner will work to secure you a better deal.

Finding your commercial finance broker

Any owner with long-term aspirations for their business should consider the value and personal support that a financial broker can provide.

“At Apace Finance we work closely with business owners to understand not only their overarching goals but also their financial pain points,” says Ellie Davidson, Managing Director at Apace Finance. “That allows us to determine the type of lending products that would best suit their needs at any particular point in their business’s lifecycle."

 

“From lines of credit to cash flow finance, vehicle loans to asset and equipment lending – we have forged strong relationships with banks and alternative lenders to ensure our clients always enjoy a smooth lending experience.”

If you want to get access to the best lending solutions for your commercial needs, speak to the experts at Apace Finance today or call 1300 045 647. We will tap into our extensive lending network to find the right product to help grow your business.