With the extinction of our local high street bank manager, who we knew and who knew us, what is the best way to find the right finance today?

Finance brokers have become a premium source of funding solutions and there is plenty of choice. Many have their own specialisms and it can be daunting if it’s not something you do regularly.

Bricks Finance works with the best brokers across the region and if you live in the South of England and Wales, this is our guide to finding the right one for you.

Choosing a broker: An experienced finance broker will have access to whole of market of lenders and the experience to assess each lender’s specialisms, lending criteria, pricing structure and repayment options. The right broker will take the time to understand your needs, so that they can focus on sourcing the most bespoke and competitive short-term loan for you.

The cheapest lending product may not necessarily be the right one for you as it may lack in other areas that are critical to your particular funding need – for example, complexity of the funding structure, lengthy processes that threaten critical deadlines, flexibility, etc. A broker’s experience of respective lenders can be invaluable in identifying the right overall solution for you.

Once appropriate lenders are identified, you will want to maximise your chances of securing an early funding offer that meets your specific needs with the minimum of hurdles to overcome. An experienced broker will be able to assess key risk areas, suggest appropriate options and produce a balanced assessment of the request.

Sharing the load: Brokers can then take care of the application paperwork and present a proposal that speaks the lender’s language, highlighting all the relevant opportunities, risks and mitigation. This eases the lenders credit decision and invariably leads to quicker funding offer with the minimum of restrictive terms and conditions.

At Bricks Finance we love working with brokers and 70% of our short-term loans are originated that way. We find brokers can really add value for clients by understanding the risks and what we as a lender need to underwrite the funding successfully.

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