Business loan brokers can save you time and energy, which is probably why some small business owners are drawn to them when starting a loan search. When you’re operating a small business, you have a lot on your plate. Commercial loan brokers like us can take the inconvenience of finding a business loan yourself off your hands.
But there are other reasons why you might want to use a small business loan broker, too:
Explore Your Options
These days there are a lot of alternative you can look to for financing for your business—term loans and trade facility aren’t your only option anymore. For example, do you know if you have a property as collateral, you can borrow up to 80% of the property value at very low rates using your business as guarantee?
If you use a business loan broker such as us, we are able to connect you to more options than you’d find on your own.
Get a Good Rate
At Fairwealth, we help distribute your loan application to a bunch of different banks. This way, you can secure the best rate possible for your funding. Being able to compare how much your loan will cost you is great money-saver for small business owners. If you only work with one bank, you’d never know if you could have gotten a better deal elsewhere.
Work With Someone Experienced
We work with bankers 24/7—that’s our job. So, we have established relationships with an extensive network of banks and bankers. If your commercial deal has the right contact and knows how to work with bankers, you can get the best deal on a small business loan for your company.
Just because you own a small business doesn’t mean you know everything about business financing. So when you’re confronted with some foreign financial terms on your loan offer, you might not be able to fully interpret everything. Invoice financing versus invoice factoring? Business credit versus revolving loans? It can get a little confusing. As commercial loan brokers, we will be able to explain all the complicated words and acronyms that will be attached to your loan offer.
After all, it is free
Sign up for a free consultation and let us sail you through the SME loan journey. No fees and hidden costs incurred. We derive our revenues from banks, not from you. And using our service will not raise your interest rate, it will only lower it.