Over the last 10 years the financial market has transformed, expanding with new challenger banks, specialist lending platforms and peer-to-peer lenders. Due to the vast number of lenders in today’s market it has become more difficult for borrowers to understand who they should go to and the options available to them.
It is essential that you; ‘know your lender’, and their ability to support your business in the long term and not just the short. KYL is unique to NapeX Finance and our process for onboarding all our lenders is as follows:
This is an area of key importance. Whilst a lender being ‘new’ does not make them less stable it is important to make sure that the people behind the lending platform have valid experience and that their credit process and funding platform is strong.
Yes, believe it or not this is a question you should ask of your lender and review any associated press. It’s essential to us that we know a lender is financially sound.
We invest time in understanding each of our lender’s appetites and the key relationships within each lender together with knowing where a lender may be flexible outside of their normal criteria.
Our service does not just concentrate on finding you the best rate. We like to look at the finer details to compare the overall costs of the loan with other options. For example, once all costs have been factored in, the lowest headline rate may in fact not be the best option at all.
Know your lender and contact our commercial and corporate finance brokers in London and the Midlands to discuss your requirements. We'll make sure you have a lender you can trust.