How to find the right finance broker

How to find the right finance broker

Business Finance, News

When it comes to anything to do with securing finance or finding better ways to manage your money, it makes sense to be able to properly engage with the broker you choose. But first, you need to know how to find the right finance broker. We offer some advice based on our experience in the industry.

The value of a regulated broker

In a business’ early years, making the best use of money is absolutely essential. Every penny counts, and every financial dealing is absolutely crucial. That means working with a regulated broker is absolutely vital. A regulated broker will fully understand the current state of the finance sector, and will be able to offer valuable advice that is based on research and extensive knowledge. This means that, as a customer, you will encounter less risk, and will be far more likely to secure financial support that will benefit you in the long term.

Finding the right broker for you

The first thing you should do is research a broker’s reputation and history. This will give you a clear understanding of how previous customers have fared, which will give you additional confidence. You should also speak directly to brokers and ask them about their experience; though they won’t be able to share specific details about deals, they will be able to explain their knowledge and performance. If a broker is unwilling to talk about how past exploits have worked out, it’s likely that they are trying to hide something.

Embrace transparency

When it comes to finance, it pays to be transparent. Be clear about your aims, and ensure your broker is willing to give you all of the information you require exactly when you need it.

And, when it comes to fees, transparency is also key. A financial broker that is confident in their abilities will not be afraid to tell you how much they charge, why they charge it, and what can be expected from the service. You should also ensure that you understand all of the terms and conditions of any contract you sign; not only will this mean you are fully aware of the situation, but it will also give you additional peace of mind.

How to find the right finance broker – where to find out more

Established since 1989, Tower Leasing Ltd is a finance broker and funding provider which enables companies across the UK to acquire much needed capital equipment through leasing. We can source many different types of business finance for our customers, whether it’s for business expansion, cash flow, asset investment, stock – or any other reason. Read our page “Alternative Finance” to find out more. Then get in touch and we can discuss options available to you and how we could help.

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