Posted: 27 / 06 / 2023

Article by: Leyton Jeffs, Group Chief Revenue Officer


When a business requires finance, there are two ways to go about it:

  • They can either seek funding directly from their bank or an alternative finance provider 
  • They can engage with a commercial finance broker who will source the funding on their behalf 

Below, we will delve into some of the advantages of working with a commercial finance broker…

Using a broker can save you money 

There is a misconception that working with a broker adds to the cost of finance, but that couldn’t be further from the truth! In fact, we can typically obtain finance at a better rate than if the business owner sourced it directly; we can get preferential rates through ‘buying power’ or ‘economies of scale’.

When arranging finance for a client, fees are contingent, which means we only get paid if we’re able to secure the best funding option.

Using a broker can save you time 

There’s so many funding options on the market, and it’s increasing daily.

At Sedulo, our team works with over 100 lenders, each with their own set of criteria, repayment terms and costs. We can use our experience and expertise to identify which lender fits best, and we’ll then make the proposal to them. We live and breathe funding, so we understand what’s required to ensure the process is quick and hassle-free.

If a business owner did this on their own, it would take weeks of man-hours to scour the market for the best option.

By using a broker, you can put your time to better use and focus on growing your business.

Using a broker can give you a better chance of approval

In the current economy, a lot of lenders, and in particular banks, are tightening up their underwriting criteria. They cherry-pick the businesses they want to lend to so that they can reduce their risk.

It’s really important that when a business approaches a lender, they’re presented in the best light possible. With our experience, we know exactly how to do this to provide the best chance of getting approved!

If you’re looking for finance and want to see how quick and easy it is to source via a broker, drop me an email or give me a call! You can reach me on 07894 507425.