Like any sector, the finance world has lenders of all shapes and sizes. From massive multinational banks to smaller, more local lenders, there are over 300 different funding sources available for a business looking for finance in the UK.
But not all lenders are created equal – depending on where you are, and what exactly you’re looking for, the options available can change drastically. Although some names might be recognisable and offering finance no matter where you look, that doesn’t necessarily mean that they’re the best option for finance in the area.
This makes knowing your local financial area one of the most important skills a broker can have. Knowing the available options for clients is key to providing a quality financial service. The big banks may be everywhere, but it’s entirely possible that a local lender is willing to offer potential clients a better deal – and as a broker it’s your responsibility to make sure you’re aware of that.
At ASC, we have 20 offices all across the UK. Our Regional Directors know their area like the backs of their hands, and help clients find the finance that’s best suited to where they are and what they’re looking for.