It’s one of the country’s most loved sporting events, with horses competing annually at Aintree racecourse in the most valuable jump race in Europe.
But why are we comparing it to commercial finance?
Well, if you’ve ever looked to place a bet on the race, odds are you bet on more than one horse. Why? Because if your sole horse falls at the first hurdle, then it is all over. It is surely much more sensible to increase your chances of success, so if one of your horses does fall at the first, you still have at least one more in the race.
And it is the same with commercial finance. If you simply approach one lender, if it falls at the first hurdle, then you have nowhere left to go. By approaching several lenders (or using a broker to do it for you and take out the hassle!), you increase your chances of success, so you can end up with the right finance for your business.