If there’s one term that can confuse company owners, it’s business finance. In simple terms, the word ‘finance’ represents the act of bringing money into an organisation – either through sales and profits, or via an external source (such as an investor, or a lender).
Business finance in particular has many similarities to other types of investments – with a bank often acting as the supporting party and the company being the borrower.
What can be done with financing?
Imagine for a moment that you’re in need of a new asset for your company, or maybe you could do with an investment to help you to cover the costs of a debt (or to buy items for an office). This is where financing comes into the fray – and once the sum of cash has been received, it can be put to any purchases relating to a businesses’ operations.
What’s the catch?
As you might expect, there aren’t many investors that will be willing to offer their cash without some form of a reward. This reward typically shows itself as APR, or an Annual Percentage Rate.
Where mortgages often have interest rates added to the sum that’s been borrowed, business loans will usually rely on APR to offer a return for investors. This means that if you were to borrow $10,000 with an Annual Percentage Rate of 20%, you’d end up repaying $12,000 over the course of the year.
So, where do we come in?
At Tundra Mortgage Brokers, our experienced team have been working within the financial industry for years. In that time, we’ve developed our skills to the point where we can instantly recognise a great deal when it presents itself.
Consider us the middle man when it comes to finding the ideal loan for your business.
We can approach potential lenders, compare their repayment packages and even negotiate APR rates to ensure that you as our client will receive the fairest possible rates. If there’s one thing that we advise all of our customers to do, it’s to consider their options before signing on the dotted line.
As we take care of the leg work by sourcing the most viable offers and packages for you, the only thing that you need to do is pick a lender that can meet your expectations, and then enjoy your fresh influx of cash!
As simple as that sounds, the fact is that we make it our job to minimise your workload as much as possible. Where you might spend weeks, if not months, searching and comparing lenders – not to mention the hours of phone calls that you might need to make; we take care of these processes for you.
Whatever your business may need financing for, get in touch with our friendly team today and we will be more than happy to help!