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Posted on 06 May, 2011

The key to competitive business finance

Competitive finance is at the forefront of business planning for many small and medium sized businesses in today’s challenging economic times.

Whilst the rate of finance and cost of funds is a key factor in determining how competitive any form of business finance is, it is only part of the equation.

Headline rates for so called competitive loans can sometimes mask the true cost of the loan once additional charges and potential penalties are taken into account.

A competitive funding package needs to be fully assessed to determine not only its true cost but also its suitability for the specific funding needs of the business. If the proposed funding doesn’t meet all the requirements of the business in terms of type, timescale, flexibility, continuity, scalability and its effect on existing or future funding requirements then what may seem a competitive finance offer could easily turn out to be expensive for the business.

Speak to an expert

We would always advise seeking professional advice and expertise regarding all your business funding requirements. It is highly unlikely that any business owner will have the knowledge and experience of all the aspects of the finance market needed to make a fully informed choice.

The business funding market is a competitive and dynamic market as the banks continue to change their lending objectives, new products and services continue to emerge and the specialist fund providers continue to grow and innovate the industry.

Keeping at the cutting edge of the business finance market requires specialist knowledge and experience which businesses should buy in to ensure they secure the very best funding available.

The competitive edge in business finance

There is always a raft of special rates, offers and deals on the business funding market at any time.

Having direct access to the lenders and their products is the key difference an experienced business finance broker can bring. In addition to this its important that advisors and consultants have the business experience to fully understand their customers’ requirements.

Securing the best and most competitive funding for your business is not something that can be achieved by filling in an online application or using on online comparison site, there is a bit more to it.

Speaking to industry specialists who will understand your business and requirements is an important part of the process.

About us

Business Services UK is one of the UK’s fastest growing independent finance brokers and business services provider. We are highly focussed on successful outcomes for our customers and do not charge for initial consultations and financial assessments, so if you would like to find out more about securing the best finance for your business feel free to call us on 0845 459 7304 or email us at info@business-services-uk.co.uk