As Finance Brokers, our recommendation is always for you to use a broker and there are many reasons why this really is good advice.
When you use PMG Finance for your equipment finance we will be in it for the long haul. A good broker will develop a relationship with you that ensures they understand your needs as well as those of your business! With this, you receive a personal service, advocacy, expertise, and knowledge of an ever-changing market.
When choosing who to work with, you should expect to be working with the same person or team long-term. We encourage you to look for someone who you can work with long-term rather than for just one deal.
This is unlikely when you go direct to a bank. Personnel change regularly and so does your contact. A long-term relationship with a good broker should be a mutually-beneficial business partnership. It should provide you with a member of your team who knows your business and can represent you to the lender market. This should happen without a re-telling of your business history each time you are looking for equipment finance.
Getting a personal service
If you run a business the chances are that you sometimes have to work outside of the ‘normal’ 9 – 5. When you are dealing with PMG Finance, we too will operate outside of the traditional working day. We are far more likely to meet you after hours and on the weekend than your bank manager. Maybe this is the reason that brokers are responsible for more than 50% of the total loans currently written, including equipment finance.
One of the other great benefits of working with PMG Finance, is the work that we take off your hands. We look after the majority of the paperwork for you. This includes bringing all the required documentation together and application submission. Your broker will be there right up to final settlement.
Finance brokers must ensure that any equipment finance approval is commercial. It must be closely aligned with what your business needs. An experienced finance broker also knows the requirements of a range of lenders. Our finance brokers have the experience, knowledge, skill, and influence to match you to a lender that suits you. This means that they are able to present your business in the best light to the lender. They will negotiate the best outcome for you.
The best commercial brokers have demonstrable experience. There are many facets of commercial and business lending with its very own rules and legislation. This is why speaking to a finance broker with varied experience is vital. The key is in having current knowledge of commercial lenders and their processes. A good finance broker knows the relevant information to gather in preparation for an application. This is how we can ensure success for you.
Knowledge of a changing market
Of course, securing the best loan for your equipment is not all about the interest rates. It’s about so much more than that. A great finance broker will do more than that. They will provide your business with products that best provide opportunities for you to make money and build your business.
Our finance brokers are in constant contact with our panel of lenders to stay up-to-date with the latest product offerings. They understand the latest lenders’ criteria to assist in getting a quick and successful approval.
When you use a finance broker at PMG Finance, you will save:
How you do that is simple. We do all the product research and complete the loan application process.
Our finance brokers have access to a large variety of lenders and are more likely to find a lender product that best suits your needs. Brokers have professional networks and industry experience that can provide your business with the expertise it would not be able to access. The question should be ‘Why wouldn’t you use a broker for equipment finance?’
At PMG Finance, our brokers go above and beyond for our clients on a daily basis. This can include meeting them on their worksite, on the road, after hours and when needed on the weekends.
Secondly, our brokers understand that our clients are extremely busy running their own business. Managing the whole loan process for you and ensuring all aspects of the application through to the settlement process is the main focus of any great broker.
We take on the role of the business owner in working through the maze of all the necessary paperwork to present to the lender.
If you still need convincing, let’s have a chat. We look forward to hearing from YOU and to hearing about YOUR business.