When I started in the Asset Finance industry, working for Barclays Bank in 2005, I was providing the bank’s customers with small loans for cars and machinery. I didn’t have any idea of just how many banks there are out there.
I then worked for 2 different brokerages over the following 11 years, and I started to get a sense of the market and the sheer volume of funders with money to lend; each one with its own set of guidelines, rates, specialities, and appetites for business. Having Started Source Asset Finance, in 2015 we are now in a position were we can utilise this base of knowledge to our client’s advantage to find the funds they need, or the funds their customers need, if they are an equipment supplier.
The fact that we are able to source the right finance from the right funders, sometimes using several banks if required, means we have the best chance of getting our clients what they need to operate and grow their businesses; or fund the requirements in their personal life.
The main advantage we give our clients is the ability to continue running their business, or do what they enjoy doing, instead of spending their valuable time trying to scour the market for finance providers and trying to negotiate the best rates, when many of the lenders we use only deal with brokers. We already have the best rates and the best lenders around and we provide these facilities for our clients.