Direct Finance lenders VS Finance Brokers
The Difference Between Direct Finance lenders VS Finance Brokers
The importance of knowing where your money is coming from is key. Time is money, so invest your time wisely, and get results quickly. The institution of small business lending can seem complicated, so educate yourself by asking the right questions.
Brokers– Essentially, a broker is, in some cases, personally licensed individual or firms that acts as the middle man between your company and the actual lending institution. Brokers can refer their client to a bank, finance company, credit union, alternative finance company such as Meridian and even another broker. Brokers act as the intermediary figure between your company and the financier by collecting your information and submitting a loan application to one or more lenders, working closely with all parties involved until you are approved for the capital you require.