Provided by Newcastle Commercial Finance Manager, Paul Long

The biggest misconception when it comes to engaging the services of a finance broker is that it is too expensive, or that it’s a last resort when the banks say "no".

These are far from true, and a relationship with an established finance brokerage firm can deliver a number of benefits to your business.

Finance brokers work directly for their clients, regardless of the financial institution they are dealing with – for each and every deal.

Brokers also offer access to numerous organisations from major banks to private lenders. They can assist in spreading your banking with several lenders in order to avoid that “locked-in” feeling and, in some cases, can access facilities that your own bank doesn’t provide.

Their services can help you stay focused on running your business, rather than spending time dealing with financiers.

Whether it is for a new vehicle or equipment purchase, the acquisition of the property from which your business operates, renovating your residential property or funding your insurance premium for the next 12 months, finance brokers can assist with all of your day to day financial requirements.