The Benefits of Using a Broker Factoring Company
When a business reaches the decision that they want to use factoring to improve their cash flow situation they essentially have two initial choices.
Either they can go through the time-consuming process of looking for a lender themselves or they can use the services of broker factoring company.
Just like using a insurance broker or an internet comparison site, using a broker to find the very best factoring company for a particular business makes the process smooth, straightforward and very efficient. In a world where delaying any major business decision can be disastrous this speed and ease can be critical.
Touch Financial is the UK’s leading invoice finance broker, helping hundreds of businesses find the right finance every month. With access to favourable rates and special offers there’s a good chance Touch can help you put the finance in place to help your business grow.
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Benefits of using Touch Financial
Exclusive offers
Touch Financial has very close links with more than 20 leading lenders. Because of this special link we have access to a number of exclusive offers which are simply not available anywhere else. For example many lenders will allow a trial period to make sure that both business and lender can work well together before a full commitment has to be made. Many find this an invaluable option as starting any relationship between business and lenders is an important decision which should not be rushed.
Independent advice
Touch Financial is a broker factoring company that always offers independent advice as we are not tied to any particular lender. So anyone using our services can be confident that any recommendations will be in the very best interests of the particular company. With so many lenders available, it can be a daunting task for an individual business to choose the best one for their needs. So it can be very reassuring to know that this independent advice is available.
Completely free of charge
Brokers like Touch Financial rely on commission paid by lenders for introductions for their income. This means it’s a service that can be offered completely free of charge to businesses even though it may also include a great deal of advice and support over and above simply getting quotes and making introductions.
Market knowledge
All brokers spend every day acting as the bridge between businesses and lenders. This means that they know the strengths and specialities of particular lenders and can look beyond the price quoted and advise whether the service they offer really will live up to expectations .
Choice of lenders
A broker factoring company will get quotes from a number of lenders to give a business a wide choice. To gather this information for itself, a business would have to spend hours, or even days contacting lenders individually and going through all the relevant details time after time.
Speed of service
Touch Financial takes great pride in the speed that we come back with quotes. In most cases this is on the same working day. Once the quotes are received and assessed a shortlist can be drawn up and a decision can be made quickly - so a business can start to enjoy the benefits of factoring as soon as possible.
Quite simply, easier
It all adds up to making a broker factoring company a simpler, quicker and easier way to find a factoring solution that will help to make any business stronger over time.
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Also in this section:
- A factoring brokers role
- How to find the best deal from a broker factoring company
- The difference between broker factoring and going direct
- Considerations when selecting factoring companies
- Company factoring UK - Which lender is right for you?
- The role of an invoice discounting broker
