- Kevin Johnston
Brokers are the unseen Superhero's
Why use a broker? There are a few reasons to use a broker when it comes to commercial finance. Change is happening, the big wigs and fat cats have stated we are heading towards a recession. Lenders are reacting with a tightening of various criteria and industry analysis. If you are not aware of these changes, you could spend hours wasted pitching to a host of lenders that are not interested in lending to you.
How can we help as a broker:
Save you time phoning/meeting 6-10 lenders.
Avoid the long no. Some lenders can string you along for 6 months before saying No. Not because they are mean, sometimes they just like talking to someone.
From dealing with banks daily we have inside knowledge of their systems and sweet spots for lending.
Can save you money, by getting a better deal on fees and rates.
We can negotiate with lenders on security levels, projections, valuations etc. In the last number of years we have negotiated reduced fees, rates and had PGs dropped from security requests.
We are fully informed on new lenders coming to market.
“Heroes are made by the path they choose, not the powers they are graced with.”– Iron Man