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 80 lenders on our panel. We are giving you the choice to get funding from all 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 biased, but we believe our experience in the sector is a big advantage over approaching a bank directly. 

We understand the products available across the whole market (not just what 1 bank offers), we understand the lender’s criteria across both the asset & credit aspects. As well as strong or weak areas, likes & dislikes.

This allows us to get you access to the best funding, saving you time, and ultimately ensuring 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 have access to banks that don’t deal with clients directly.

We also know the value of time, and using a broker like Focalise Finance, 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. 

Growth

With access to around 80 lenders, we’ve got a full range available. From prime high-street banks through to challenger banks and private banks. This ensures that we can support an equal range of clients – from new start firms buying their first vehicle, tosupporting multi-million-pound turnover businesses that have set buying plans in place.

What we at Focalise Finance love to do is work with clients throughout this journey & period. Supporting everything from that first van purchase to the 50^th van on the fleet for a new employee.

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