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Loan Broker - Broker simply facilitates the loan application process.

Business Loan Consultant - An advisor and long-term business partner
- Handles and ensure smooth loan application process
-Get competitive payment terms and rates
- Improve chances of loan approval
- Access alternative financing options
- Get the right financial tools & products to achieve client’s business long-term goals

visit :https://bizsquare.com.sg/loan-broker-vs-business-loan-consultant/

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Bizsquare com-sg-loan-broker-vs-business-loan-consultant-

  1. 1. Loan Broker vs Loan Consultant
  2. 2. O V E R V I E W Many people ask, what is the point of hiring a business loan consultant when I can apply for a loan on my own? (This often happens before they use our services and they are still not sure what we do). Is it worth hiring a broker for a business loan in Singapore? This is suitable for business owners seeking business loans to 몭nance expansion, working capital needs for cash 몭ow purposes, or equipment upgrades. What I usually tell them is: “Think of us as PR consultants and we have helped many foreigners apply for their PR status. You can always apply for PR yourself, but the chance of rejection is very high, especially in Singapore. “. where they are receiving adjusted fees ”. We can help because we know what attributes the 몭nanciers are considering to approve your loan. Applying for a commercial loan is an extremely tedious process. In fact, for many small business owners, getting started is an extremely di몭cult process (especially the 몭rst time); because banks can make a lot of requests. Most SME owners don’t know what the bank might be looking for. With more than 10 years of experience in the corporate 몭nance industry, let me clarify the role of a business loan consultant.
  3. 3. Loan Broker Broker simply facilitates the loan application process Business Loan Consultant An advisor and long-term business partner Handles and ensure smooth loan application process Get competitive payment terms and rates  Improve chances of loan approval Access alternative 몭nancing options Get the right 몭nancial tools & products to achieve client’s business long-term goals B E N E F I T S O F E N G A G I N G A L O A N C O N S U L T A N T
  4. 4. Contacts and Network Working with so many banks and 몭nancial institutions in the past allows them (and you) to know which one offers the best deals. Loan brokers know where to 몭nd 몭nanciers that suit your 몭nancing needs. R E A D M O R E Expertise and Experience Aware of the market, including indicative rates and knows when a loan is overpriced. He has knowledge of the common types of collateral offered as security for taking on a loan. R E A D M O R E Practical Advice A good loan broker ALWAYS has a Plan “B” ready and a plethora of alternatives prepared for you just in case; advise you on possible reasons your application is rejected and how to improve on credit standing in future.
  5. 5. R E A D M O R E Favourable Loan Terms Have an experienced broker access your case and understand how you can improve your credit record before you even start submitting your loan requests R E A D M O R E Handling Small Details Assisting you with the nitty-gritty of loan packaging, will free you from grinding all by yourself and increase your chances of getting approval for your business loans R E A D M O R E Sharing Same Interest By sharing the same interest, the consultant will try their best to make sure your loan gets approved and will not short-change your application, as their fees are based on this.
  6. 6. R E A D M O R E W H A T D O B A N K S L O O K O U T F O R W H E N A P P R O V I N G L O A N S ?
  7. 7. CREDIT STANDING A loan broker who does not have a contact number and an o몭ce or postal address identi몭ed with his brokerage business makes one question the legality of his business or even its existence.
  8. 8. FINANCIAL STANDING You can ask a broker how much commission he’ll be realizing when he brokers for you. You also have the right to ask about his network of lenders and important details such as the full cost of the loan he is arranging for you. LIABILITIES
  9. 9. You should not engage a broker whom talks big and are able to “guarantee” loan approval. The truth is, no matter how competent a broker, no one can guarantee assured loan approval as the 몭nal decision lies with the bank’s credit approver. Q U A L I T I E S O F A L O A N C O N S U L T A N T PROPER BUSINESS PREMISE A loan broker who does not have a contact number and an o몭ce or postal address identi몭ed with his brokerage business makes one question the legality of his business or even its existence.  TRANSPARENCY OF DETAILS You can ask a broker how much commission he’ll be realizing when he brokers for 
  10. 10. you. You also have the right to ask about his network of lenders and important details such as the full cost of the loan he is arranging for you. NO OVERPROMISES Beware of brokers who guarantee a loan without checking your credit and 몭nancial history. Don't be blinded by these guarantees. Although there are obvious problems that may weaken your loan application. 
  11. 11. BizSquare is a one-stop business consultancy 몭rm providing Loan Consultancy Services, Accounting and Corporate Secretarial Services, Branding and Marketing Consultancy, Strategy Management and Start-up Mentorship. For more info, please visit Bizsquare Group at www.bizsquare.com.sg  About Author Cheryl Ee Loves Dogs and does website design for a living
  12. 12. Business consultancy firm specializing in business loans financing, financial management and branding and marketing for Singapore SMEs. Contact 61 Ubi Road 1, Oxley Bizhub #02‐19, Singapore 408727 Phone: +﴾65﴿ 9183 4413 E‐mail: admin@bizsquare.com.sg Follow us    Site Map Home About us Our Units Our Blogs Our Partnership Contact Units Strategy Management Consulting Loan Consulting Bizsquare Accounting
  13. 13. EDG Grant Disclaimer: Bizsquare Management Consultants Pte Ltd. is registered in Singapore ﴾Co. Reg. No. 201325568H﴿ ﴾"Bizsquare"﴿ Copyright © 2020 Bizsquare Management Consultants Pte Ltd. All Rights Reserved. Privacy Policy: Bizsquare Management Consultants Pte Ltd ﴾“the Company”﴿ takes your privacy very seriously. We ask that you read this privacy policy carefully as it contains important information about what to expect when the Company collects personal information about you and how the Company will use your personal data. By continuing to use the Company's services, you are deemed to have understood and given your consent to the terms of this Policy. To view our PDPA Policy, please Click Here

Loan Broker - Broker simply facilitates the loan application process. Business Loan Consultant - An advisor and long-term business partner - Handles and ensure smooth loan application process -Get competitive payment terms and rates - Improve chances of loan approval - Access alternative financing options - Get the right financial tools & products to achieve client’s business long-term goals visit :https://bizsquare.com.sg/loan-broker-vs-business-loan-consultant/

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