As commercial finance brokers in Belfast, we see the importance of developing strong relationships with our clients, lenders, their accountants and lawyers and other key stakeholders – all of whom work together to get a deal across the line.
Brokers are a fundamental component within this process, acting as a key link between all parties, using their expertise to get their clients an offer letter, then steering the deal to completion.
Just as a mortgage broker will set out options for a client seeking finance for their home, a good independent commercial finance broker will set out options for their client.
No one funder will have an appetite to fund every sector, nor can they provide every funding solution available to businesses and property investors in the UK. However, using our experience, expertise and in depth knowledge of each in our panel of lenders, LCF can match our clients’ funding requirements to the funders who will have an appetite to deliver in that area.
With years of experience, we know how to structure a deal and will help the funder to fully understand both the proposal and our clients’ business, by presenting a comprehensive credit paper, usually in same the format that they will present to their underwriters.
The role of LCF does not end when the offer letter is issued. We stay involved throughout the drawdown process – where we work, step by step, keeping the deal moving along right to the day of completion. This is where our strong relationships with the various stakeholders is key, as we liaise with all the parties necessary to keep everything on track. That’s what our experienced brokers bring to the table, offering value for money and saving time, aggravation and stress for the client.
As we move into our custom designed office space in May Street in Belfast City Centre it’s clear that our business is built upon our relationships- this with primarily our clients, but also with funders and key stakeholders.
For a number of our clients we are the sole point of contact for all of their business funding requirements. That’s because our engagement doesn’t cease on the day of drawdown, we stay involved, working with our client and the lenders to ensure that good relationships are maintained.
As a result, we have an in depth understanding of our clients’ businesses and a strong relationships which makes us perfectly placed to deal with their future funding requirements, building a partnership based on trust, transparency and delivery.