There are several reasons to use a broker to help you to select the best invoice finance product for your business:-
- Most invoice finance brokers do not charge a fee for their advice (although some do – so it is worth asking the question at the outset). It is usual for them to take a commission from the lenders should their recommendation be followed by the prospect.
- Many invoice finance brokers are impartial – this means they can help to source whole of market to get the best deal to suit their clients. It would be usual for a broker to give at least two options for the client and for them to make appropriate recommendations.
- Invoice Finance brokers are regularly in touch with representatives from invoice finance companies – this means they can keep up to date with any new products and any changes in policy which may be relevant to any recommendation.
- Brokers frequently make themselves available at times to suit business owners. Their “open all hours” philosophy will stretch across a variety of channels including telephone, video, emails and social media.
- Because a broker’s success is based on sourcing and maintaining facilities for their clients, they should be loyal and client-focussed. Some will offer a monitoring service (which should be free of charge) to point out if there is any fine tuning required to help with the operation or costs of a facility.
- Using a broker relieves the pressure, time constraints and stress of dealing directly with various invoice finance companies.
The question should be “Why not use an Invoice Finance Broker?”
