When you use a Mortgage Broker for commercial finance the value lies in the fact that you are not the business of one particular lender – we go into bat to get you the right finance to help you grow. It is like having your own Financial Controller on call anytime you need us, without the big salary sitting on your books.
Commercial mortgage brokers have the ability to present their clients in the best light to preferred lenders, they speak in a language the lenders understand, and they create a deeper understanding of their clients’ needs and can protect them against lenders that have a sudden change in policy or a change in appetite re a particular industry of customer segment.
So what exactly is a mortgage broker?
Mortgage brokers can assist you with a lot more than just home loans. They specialise in knowing the whole lending market – including commercial and equipment finance options.
There are more and more commercial lending products coming into market all the time. The different types of loan and various options can make it very difficult to work out which loan is right for your business. But the large choice also means that there’s an ideal loan product out there for you. It’s just a matter of finding it. And that’s where a mortgage broker comes in.
We have access to a variety of different lenders with a multitude of different loan products and we stay up to date with the constant changes and new business lending products. We can explore all alternatives to find the right solution and negotiate great rates. Basically, we go into bat for you while you get on with running your business. Once we agree on the right loan, we take care of the application and manage it through the approval process.
What can a commercial broker do for my business?
It’s not just about finding good interest rates and saving you money. It’s about providing opportunities for you to make money and build your business.
The first thing we do is to meet you and get an understanding your business and what you need to make it grow. The better we get to know you, the better we can match the right product with your needs. And there are many ways we can help you finance your business growth.
If you want to protect your cash flow, it makes sense to use equipment finance to avoid outlaying a large sum all at once. Reassessing your options and refinancing with a new business loan product can protect hard earned profits with reduced fees and better rates; or it can be a chance to simplify your financing to make things easier to manage. Debtor finance can unlock cash from invoices as soon as they are issued. It can also remove the family home from the lenders security position.
And property finance can secure better premises or help develop new ones. Longer loans available with some lenders can take pressure off your cash flow.
And because we’re in constant contact with the lenders we can also advise you on lenders’ criteria to assist you in getting a quick and successful approval.
At the end of the day, it’s like having your own personal CFO or Financial Controller working for you on call, anytime, but without the big salary on your payroll.
Why wouldn’t I just go straight to a bank?
The banks will want everything, your house, your business and all that is associated with them.
There are a lot of options out there, which makes it hard for most people to choose the right product for them. Sometimes, having all your finances with the one Bank may not be the right option. And, with the Reserve Bank moving official interest rates and banks moving them independently, it’s an ever-changing market. Not to mention all the new products that are constantly introduced.
With choice comes complexity. It can get tricky to navigate through it all. And it can take a lot of your time. A mortgage broker will steer you through this to find the finance product that suits your business’s needs and not the banks’. We then deal with the lender and manage your application process through to approval.
In the simplest terms, a mortgage broker makes it easy – saving you time and, hopefully, a lot of money.