NFS was formed in order to address a distinct need in the marketplace – we have previously worked for many years with a variety of corporate clients looking to restructure or expand their businesses and, inevitably, the raising of finance has been key to success. With options limited many sound business ideas did not come to fruition, for example because they did not meet a particular banks’ lending criteria.
In America some 70% of businesses requiring additional finance use a commercial broker to obtain the best finance package, while in the UK the comparable figure is around 20%. However, when companies require accountancy assistance they contact their accountant, for legal advice they contact their solicitor, so it surely is common sense to contact a commercial finance broker when additional finance is sought.
NFS is affiliated to in excess of 300 lending institutions covering the entire spectrum of business finance. As a professional company we are dedicated to arranging the correct finance package for our clients.
Why use NFS? A few reasons:
- Turned down by your own bank. Other lenders may have different lending criteria, or may look at your project more imaginatively.
- Don't want all your borrowings to be with one lender. NFS can offer 300 plus alternates.
- Don't know what type of borrowing is appropriate. NFS can discuss and evaluate your business needs with you, discuss what types of finance may be available, and agree your requirements.
- Don't have time to complete reams of loan application paperwork. NFS can handle the application process through to acceptance in principle for you. Many proposals can be completed by telephone.
- Can't be sure you'll get the best deal. NFS will evaluate all offers received on your behalf.
- Already got a quote. NFS can obtain alternatives which are likely to be more cost-effective.
- Rapid response both to your enquiry and funding application.
- Any information supplied to NFS will be used only for the purpose of funding application. It will be disclosed to funding providers only, and never to third parties.
- NFS guarantee – you will be dealt with professionally throughout your relationship with NFS.
Why not use NFS? Not so many reasons:
- Happy with existing bankers or brokers. This is fine, but if you were to enter into a new supplier agreement, would you only evaluate one supplier? NFS can evaluate alternatives and probably find a more cost effective solution.
- Trapped by existing covenants or personal guarantees. No room for manoeuvre. NFS can arrange complete refinancing packages.
- Cost. All finance brokerages are paid variable rates of commission by funding providers. NFS guarantees:
- All work will be carried out to the highest professional standards, regardless of the commission structures of individual lenders. The objective is to obtain the most appropriate funding package for the client.
- NFS does not and will not in the future receive retainers from individual lenders.
- With the exception of SFLGS you will never pay NFS a fee for raising finance for your business.
- In the unlikely event of finance not being raised, you will not pay a fee to NFS.
