Today, we’d like to ask you a question – when was the last time you spoke to someone at your bank? Unless you’ve had the misfortune of losing your debit card or being a victim of fraud, we’d say the answer is “not recently”. If you’re one of the “lucky” few who have, then we’ve got a different question for you – how long did it take before you actually spoke to anyone?
Once upon a time, you might have been able to walk into a bank and book an appointment with the branch manager there and then. Not anymore. The 50s-era dream of a personal relationship with your banker doesn’t exist anymore. Nowadays, you’d struggle to find anyone to talk to at your bank that isn’t shut away behind multiple layers of bureaucracy.
This is especially true in the business finance world. If you want to meet with a finance manager at your local bank, you’re in for a long wait. Businesses can often spend weeks on the waiting list for an appointment, with nothing to do but twiddle their thumbs. Then, once you finally get an appointment, what happens if the bank can’t help you? There’s no guarantee that you will get finance from any particular source. So, if you get turned down, you’re right back to square one, but with several weeks lost!
That’s why we so strongly believe that any business looking for finance should use a broker. With a broker, you aren’t fighting through all the bureaucracy. Your broker already knows who you need to speak to, and how to get their attention. Whilst they’re off handling that, you can put your time to more productive uses for your business. Banks love to waste your time – they know you’re working to their schedule. But a broker doesn’t find finance for a bank – they find it for you.