Business Finance Broker | We help you find business loans

Business finance brokers can help you arrange finance and loans for your business and maximise your chances of approval.

Understanding the different types of finance available to you and the best options for your business, a broker can be a great tool to use when applying for a business loan.

Do I Need a Business Finance Broker

If you are thinking about taking out business finance using a finance broker, it's important to choose a broker who is experienced and can help you get the best deal for your circumstances and requirements.

Key Considerations Our Skills and Credentials
Experience and expertise? We have over 40 years collective experience in business finance broking.
What type of finance? We have members of the team who specialise in a variety of loan types.
Access to a range of lenders? We have over 200 lenders on our funding panel
FCA registration? We are fully authorised and regulated by the FCA

As business owners need quick and efficient access to funding, having streamlined systems in place can ensure smooth running of finance requests.

A good finance broker will have established systems making it easier to apply for funding, such as:

  • Submission of application paperwork
  • Assessing appropriate lenders
  • Clear communication channels between you, your business and the broker
  • Ensuring all client requirements are met

Having a wide and diverse lending panel allows a broker to search and compare the most suitable deals for their clients. 

For someone with limited knowledge of the finance market, identifying the most suitable lender, assessing what are favourable terms, monthly payments and business loan amounts available can be a difficult task.  It is also important to understand what the funds are to be used for and who the loan/finance facility will help your business.  A good broker will help you with this and portray this to any prospective lender in the correct manner.

A broker’s expertise comes into play here.  A broker will take into consideration factors such as:

  • Loan/facility terms
  • Funding amount
  • Loan purpose
  • Company profile
  • Company financial status
  • How the loan will benefit your business

What are the advantages of using a finance broker?

There are several advantages to using a finance broker, with some being more obvious than others.

  • Finance brokers should save you time
  • They have established relationships with lenders
  • They know which lenders that are most likely to accept an application
  • They can find the most cost-effective options for your status

The biggest benefit of a finance broker is that they will carry out all the leg work, using their industry knowledge to find you the best source of funding for your business.

It can be a time-consuming task trying to find the right lender and loan product for your needs.  Working out if you meet a lenders eligibility criteria, applying and then being rejected can be disheartening.

Utilising existing relationships with a diverse funding panel, brokers will be able to gauge your eligibility before you apply.  This reduces the chances of declines and wasted time.

What types of loans can I get using a broker?

There are a whole host of business loan types to choose from, however some may not be the best fit for your needs.

A good finance brokerage will have lenders that cater for different loan types to enable them to provide a wide-reaching service for their clients.

Ranging from general unsecured loans, cash flow, VAT and tax to specialist development finance or disbursement funding, a good broker will be able to source the right loan product for your business.

How to apply for finance using a finance broker?

The application process can vary between companies, however it will be similar whoever you choose.  It is worth noting that some will be quicker than others.

There has been a rise in automated online loan applications, just like with personal finance.

However, we have found that this is not always the best fit for business loan applications due to the differences in businesses, sectors and financial statuses.

Having applications dealt with by a real person, with the required knowledge, can make all the difference when applying for finance.

Here are RLA Capital we strive to ensure that the application process is as quick and straightforward as possible.

When applying with us all you need to do is fill out our online application form or give us a call.

  1. Fill out our online application form or give us a call.
  2. Your application will be allocated to your dedicated case manager
  3. They will collect all required documents to process your application
  4. You will receive a decision within 48 hours in most circumstances
  5. You will receive your funds within 48 hours of acceptance in most circumstances

Whilst RLA Capital cannot offer financial advice, we can provide various quick business loans to assist with cash flow.  RLA Capital would recommend speaking with your accountant if you are experiencing cash flow problems.

Updated: Nov 16, 2022