Email us

News and Information

Banks, Business, Finance, Financial World, Loans, Property, SME

Looking for evidence that a broker matters? Almost a third of broker clients have secured finance, despite having been declined elsewhere!

We often get asked why people should use a broker if they are looking to raise commercial finance.

In their recent survey, the @National Association of Commercial Finance Brokers, highlighted one particular statistic which we thought really showed the value of a commercial finance broker.

Of all the clients that brokers secured finance for, 29% had been declined for funding elsewhere.

Essentially, even though almost a third of clients had already been declined for finance,  a broker was able to arrange finance for them. We weren’t surprised about this statistic – we know how difficult it can appear to secure finance for a small business owner – not necessarily knowing the various options, and how difficult it can sometimes be dealing with the various banks. So even if there is a strong client proposal, the bank can sometimes decline it!

Sometimes, we have even successfully secured a loan for a client from the same bank that had declined them beforehand!

So if you want evidence that a broker can add value – I think you can look no further!

Back to News
ASC Finance for Business
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.