Why use a Commercial Finance Broker  

Commercial finance brokers can take the hard work out of finding the best free business loan that is right for you. Essentially, they look at your lending requirements and match you to the right product and lender. The issue is that the business finance space has become a very crowded marketplace, and inevitably can lead to more choices and confusion for SME’s .

Crest Commercial Finance have a large panel of UK lenders which allows us to search the whole of the market to find the most suitable funding solution for you and your business. We cater for Limited Companies (LTD), Limited Liability LLPs. Partnerships, Sole Traders, and Start Ups. We also work on a contingent basis which means no up-front fees.

Not all applications are straightforward, and some are more complex, with elements of poor/bad credit, CJJS, previous insolvency, but what ever the situation we can support you through the plethora of funding options available, but also save time and only apply to the funders that we know will be able to support.

What is the process when applying for a loan through a broker?

It depends on the individual case, but in most situations most of the correspondence can be done either over call/zoom and email. On some occasions it is best to meet with your broker and work through the solutions together.

You will also need to provide certain pieces of information, such as, Financial Accounts, Bank Statements, ID such as driving licence and passport. You may also need to sign an engagement letter.

You will also need to explain what the money will be used for eg : Cashflow, stock, expansion, purchase of an asset, to fund a debtor book (invoice finance) , refinance of more expensive debt, to buy a property etc.

The time frame from application to getting an offer can differ. For example, for a small business loan which is unsecured can be facilitated within a couple of days, whereby commercial loan will take a little longer.

What Next?

Crest Commercial Finance have over 26 years’ experience within the funding landscape and have relationships with many of the funding providers which allows us to act fast and get you the very best solution.  So, if you are looking for a funding solution for your business, then please get in touch for a free no obligation quote.