Why use a broker?

Hilary Lewis • Sep 20, 2022

Why should your business work with a broker?

The plain old simple question is asked time and time again; why should I use a broker to find my business funding? The answer isn't as complex as you might think. 


Let's face it you are a busy business owner. Your business has just muddled through a global pandemic! Now you are ready to expand. You would like to spend more time with your family enjoying yourself, and less time searching on google for the best rate of interest. The last thing you want to be doing is filling out form after form of the same information only to be told at the end that you aren't eligible for the shiny rate you were shown on the first page of the website.


This is where we step in. We provide immediate value. Using a broker eliminates time. We learn a little more about your business and then make suggestions on what sort of funding product you need. A standard business loan doesn't suit every business. If you are a retailer or restaurant that uses a card machine, a Merchant Cash Advance might be better, whereas if you are a graphic designer or an electrician Invoice Finance might suit. The advantage we have in abundance is our knowledge. 


"A broker has the market knowledge to find you the right lender and the right products for your business needs"  Dan Bull


Decades of experience have given us a wealth of knowledge of the lending landscape. We know which lenders throw up red flags regarding the businesses they'll lend to. We know who is likely to accept you and who will give you the best rate, what the fees will be and the repayment figures. We also know about the businesses looking for funding and can give the best advice on which product will suit. All this knowledge saves your precious time. Winchester Corporate Finance evaluates how financiers around the UK respond to and manage client needs, their appraisal process as well as their ongoing relationships.


A recently released report from Simply Business has highlighted that 1 in 3 small business owners in the UK fears running out of money. A staggering 87 per cent of small business owners have lost money over the last two years. The pandemic and now the economic cost of living crisis facing the UK is putting great financial strain on top of already pressurised businesses. Winchester Corporate Finance has seen a 200% increase in funding to provide working capital for SMEs in September alone.


Winchester Corporate Finance has been a key resource for helping businesses survive and grow in this turbulent time. We are proud to be helping SMEs through one of the most challenging business environments in history. Supporting the business community to help rebuild the economy and inject much-needed working capital into a post-pandemic world - one business at a time.


'We have all the information at our fingertips. it can take us a couple of minutes to figure out who we should be pairing your business with when it comes to lending. the fact that our services are free also means that it won't cost your business anything to find out how much you can borrow or who will lend to you either." Hilary Lewis


Find out today what lending product would suit your business.

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