Dealing with SME Loan Brokers- Is It Worth It?

Many Small business owners try to stay away from loan brokers when looking for financing for their businesses. And, it is simple to comprehend due to the negative reputation that some of the brokers have (particularly in the commercial mortgage industry and business loan). In many borrowers’ eyes, SME loan brokers are just middlemen between the lenders and credit seekers; middlemen that will only lead to higher additional costs to the entire loan process – a real discouraging factor to businesses looking for outside financing that might be for them a very expensive and time-consuming effort to begin with. (more…)