Happy New Year from all the Team at SWBF!
Have a read of our top tips to starting off the year well from our Managing Director, Dan Smith:
What’s one piece of advice you would give every business owner at the start of the calendar year?
Though business owners are always busy, I would suggest they take some time to reflect on whether they have the right funding structures in place to achieve their goals for the next 12 months. Although the funding landscape is difficult to navigate, there are lenders out there who want to help.
What advice do you have for clients starting the year concerned and worried about their finances?
Speak to an expert and build a relationship with someone who you can trust to talk to about your finances. We can sit down with you, provide advice about your funding structures, and help you navigate the plethora of funding options in the market that you might not be aware of. There are over 200 alternative lenders in the market who are ready and willing to support businesses, often where mainstream banks have closed doors to them. As a Commercial Finance Broker, we are ideally placed to guide you through the finance market: we know the lenders available, their strengths and weaknesses and how they want proposals presented to ensure a swift and competitive response.
What should be your clients’ priorities at the start of the year?
Decide what is important for you in sourcing finance; whether it be rate, term, flexibility, requirements to give security, or having a relationship with the lender. Also understanding where your cashflow will be is vital to success in the coming year.