Introduction
If you’re in need of business financing and are considering ways to raise money for your company, then it may be beneficial to seek out the help of a finance consultant instead of approaching a bank. This blog post provides all the information you need to know about why going to a finance consultant is a wise choice.
What debt financing options do you have?
You may need finance for multiple purposes such as expansion, working capital, project finance, etc. and there is a plethora of options available to meet your need.
The debt financing options include Cash Credit, Overdraft, Term Loan, Loan against property, Packing Credit, Buyer’s Credit, Letter of Credit and so on. These many options can be very overwhelming and you may not be able to analyse the best options.
What is a finance consultant?
A finance consultant is an independent professional who helps you with choosing the right kind of finance and helps with getting the best deal from a bank or financial institution. They save you from ending up with a bad loan deal that can hurt a lifetime.
A finance consultant can help you cut down a lot on the cost of financing and also on the complexity of the process. Not everyone knows the right way to approach a bank or financial institution, and your finance consultant can do that for you.
Why you should choose a finance consultant over a bank?
Dealing with banks can be difficult. Often the banks are not transparent and make you go in circles without producing any results against your loan application. A finance consultant on the other hand is an expert in this field who works on your behalf to ensure that your loan is approved under most favourable terms.
Hiring a finance advisor is a good way to increase your chances of getting a loan approved. There is a lot of documentation that is involved in the loan application process and it can be difficult to manage it correctly.
A finance consultant will make sure that your loan application is completed correctly and that it meets the standards of the bank. Hiring a finance consultant will save you a lot of trouble and you won’t have to spend a lot of time doing the paperwork.
How does a financial consultant help you get your debt finance?
Finance Consultants have a systematic process of reviewing loan applications and supporting documents. They are well aware of the requirements of the bank and how to approach the bank ensure that financing is approved. That’s why you must work with a finance consultant if you want to ensure that you’re following everything correctly. Additionally, they’ll be able to tell you the best way to go about the application and even negotiate with the bank on your behalf to get you a better deal!
Tips for choosing the right Financial Consultant for your business?
Always look for consultants that have success stories that match your business requirements. Ask for case studies of similar/same industry where the consultant has successfully got financing approved and what cost savings were achieved by them.
Our Recommendation
With the benefit of a finance consultant, you can get a much better deal when seeking a loan or debt finance for your business. In our experience there are very few such good Finance Consultants in India. We recommend working with Ace Consultancy for your debt finance related needs. They are one of the oldest and a pioneer in the field of debt finance consulting. They have worked for several of our clients and have added value to them. You can get in touch with them here.