FAQs

Interest rates offered by lenders are based on the assessment of the individual application. The credit profile, financial position, purpose of the credit, goods being funded and other aspects of the application are considered. Where the company is located is not generally a specific consideration.

The role of a broker includes explaining the specifics of any quote or offer they source for a client.

Sourcing commercial credit does not require in-person meetings with either a lender or a broker, in most instances. So the location of the broker is not relevant as long as they provide efficient online resources for customers to connect with them.

Some brokers do offer services to assist bad credit operators. Those requiring this option can review the services offered by brokers in selecting which is best suited to their requirements.

Brokers work quickly and efficiently and can save customers time. They work through industry channels and with the latest technology to provide them with access to sourcing the most suitable offer quickly.

When contacting a bank directly, operators may not have the leverage with the lender or the skills to negotiate the best outcomes. Brokers with vast accreditations can source the best offer from across more lenders, use their leverage to get better rates and negotiate better solutions.

The range of credit can vary with individual brokers. In general terms, a wide selection, often a full selection, of credit products is available.

No. Requesting a quote or proceeding to be made an offer from a lender holds no obligation to actually accept the offer.

Yes. All types of operational structures can use commercial credit brokers. An ABN is the minimum requirement to be eligible for commercial funding.

The role of a broker is different from accountants and financial advisor. The sole role of a broker is to source funding for clients through their accredited lenders. This is a service which is not typically provided by accountants that handle the preparation of accounts and advisor that guide clients on investments.