When people think finance, they tend to default to a small, set series of options. Ask your average business owner what they think of as “finance”, and you’ll get one of two answers most of the time – a secured business loan, or a mortgage. It’s easy to see why – they’re the “standard” options available at many major banks, which are often the default choice of most small businesses.
However, just because they’re what the banks offer doesn’t mean that they’re your only options. One of the big benefits of using a broker is that you get access to more different types of finance than you can shake a stick at. From the crowdsourced peer-to-peer, through to tight-timeline auction finance, and even utilising your pension fund with SIPP and SSAS funding, there are myriad types of finance available. Depending on your business, location and proposal, some of these options could easily be the right ones for your business!
Whilst big banks are well, big, and have a lot of funds at their disposal, one thing they can’t do is variety. When you use someone like ASC to help find finance for your projects, the types of finance you can find that might suit you better give you so much variety you’ll have it coming out of your ears!