Hi, I truly hope I have not been boring you with this theme, but I just wanted to repeat this message, many businesses apply for business finance in the first quarter of the new year. There are 3 reasons, I believe you will find it cheaper and easier to get if you apply for finance now.

  1. The age old law of supply and demand, when its busy you can charge more and be more selective if you wish to be. Think how much more you pay at School holiday time for airline flights, and how much cheaper they are in quiet times. Well how many Company Directors think of business finance now? They are to busy, hence finance companies are quiet. Does this ring true to you?
  2. In the last 8 weeks we have noticed a bigger differential than normal, when businesses apply direct for finance(their finance quotes are much higher) and the rate we are getting for our clients is lower.
    We think the reason for this is the Brexit issue and the Political uncertainty, Banks and Finance Companies like a stable economy and want to know what the next 12 months looks like. Lets face it, I don’t think even Derren Brown or Dynamo know!!
    A business going direct for finance is a one off client.
    Whereas A good Finance Broker has a strong relationship with a finance company and finance companies wish that to continue, hence offer their clients the best rates that they can, think bulk discounts that you offer for large orders or purchases.
  3. Is the simple one, we do this every day and we know who is offering the best deal for your type of business, loan purpose, size of loan and business credit rating at this precise moment of time.
    Whats more we will know better than you how to package the request in the way the Underwriting team will review it, one small mistake on the application can be the difference between you paying 4.9% as opposed to 10.9%, which was a recent case, thank goodness the client rang us after receiving that offer but I can give you a 100 similar story’s.
    If you know who to approach, Business loans are readily available, be it to pay HMRC, management buyout, fund or complete a project, asset purchase or company growth and expansion (the secret is knowing where to go and how to package the loan).
    I typically get a phone call once a week, that starts with
    “Hey Mark, I have been receiving your emails for years now, can you ………………….”
    The answer is normally yes, having built up a contact base to die for, over 20 years. If your business is looking for any type of business finance that is what we do, including property development.
    Why not pick up the phone and tell me what finance would ideally suit your business.

    Mark Smillie

    Short-Term Loans 3 to 12 Months
    Mid-Term Loans 1 to 5 years
    Long term Loans 5 to 10 years
    Development and Property Finance
    Finance on your book debts (there are more options than you think)
    Can’t get Finance and Emergency Finance Finance without Personal Guarantees


    Call Mark today on 0800 612 5364 or 07710 466166
    Our acceptance rate is 84% as opposed to 30% by applying direct for business finance

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