Comparison: Asset Finance Broker vs Direct to Lender

The classic match-up – Broker vs Lender.

Let us help explain why you should consider a broker for your funding.

Choice 

As a specialist broker we are able to access over 60 lenders on our panel. We are giving you the choice to get funding from 60+ lenders instead of just one. 

This guarantees we will be able to unlock the best funding for your business, to help support your business growth. 

Knowledge 

Yes we are bias, but we believe our experience in the sector is a big advantage over approaching a bank directly. 

We understand the products available, we understand the lender’s asset criteria and we understand the lender’s credit criteria. 

This allows us to get you access to the best funding, save you time and ultimately ensure we are supporting you with the right funding for your business. 

Cost 

There is an assumption going to the bank is cheaper – this isn’t the case. 

Due to the large amounts of business we introduce to our lenders, we can compete and usually beat direct pricing. 

We also know the value of time, and using a broker like ourselves can save you a significant amount of time (we all know getting hold of a bank manager can be a challenge!). 

Exposure

All finance approvals are underwritten depending on the strength of the business/individual. 

Example

If you’re a plant hire company – you are purchasing new assets every quarter. The more you purchase, the greater the risk to the lender.

Simply – they are more exposed.

Typically, they will get to a point where they are fully committed for a time frame, which as a business can leave you in a tricky situation.

Working with a broker resolves this issue as we can move onto other lenders who aren’t exposed and begin to build a relationship with them – allowing you to always have access to future funding, giving your business the room to grow. 

Why not put us to the test and see what advantages Focal Finance can give your business.