Are Your Clients Getting the Best Deal?

As a trusted broker, you know that asking the right questions can make all the difference in finding the most suitable funding solutions for your clients. To help you lead your clients toward the best deals, we’ve highlighted a few critical questions to consider when evaluating potential funding partners.

1. Does the funding partner support international debtors?

One of the key questions brokers should ask is whether the funding partner supports international debtors and to what extent. For businesses with global operations, this can be a crucial factor in securing the right funding. Some lenders may have limitations that restrict your clients’ options. This can be a significant roadblock for companies looking to expand internationally or those already dealing with overseas clients.

TP24 Advantage: We don’t just accommodate international debtors; we embrace them. Our flexible approach ensures that your clients with global aspirations aren’t held back by funding restrictions. Whether your clients are expanding into new markets or managing an existing international portfolio, TP24 is here to support their growth.

2. Does your client want to control their cash?

Cash flow management is the lifeblood of any business, and the requirement to use segment accounts can complicate this process. Many funding providers require clients to use segment accounts, which can limit how funds are managed and accessed. This is why it’s essential to ask if this is a requirement when evaluating a potential funding partner.

TP24 Advantage: TP24 never requires clients to have a segment account. This gives them the flexibility to manage cash flow effectively, allowing for rapid growth or simply managing day-to-day operations. Your clients retain control over their finances, enabling them to make decisions that best support their business strategy.

3. What kind of security is required for funding?

Security requirements are another critical aspect of funding that brokers need to consider. Many traditional funding options require personal property as collateral, which can be restrictive for clients who may not have significant property assets or who prefer to leverage other types of assets. Asking what type of security a lender requires can help you find a funding solution that aligns with your client’s needs without putting unnecessary strain on their resources.

TP24 Advantage: At TP24, we don’t require property as security. This allows your clients to use their assets more strategically, freeing up capital to invest in growth opportunities without unnecessary restrictions.

4. How quickly can funds be accessed?

Timing is everything. The ability to access funds quickly can make or break a business opportunity. As a broker, it’s important to ask about the speed at which funds can be accessed once the funding is approved. Some lenders may take weeks to release funds, which could be detrimental to businesses needing immediate capital to seize opportunities or address urgent challenges.

TP24 Insight: TP24 prides itself on a quick and efficient funding process. We understand the importance of timing in business, and our streamlined approach ensures that once approved, funds are made available swiftly, allowing your clients to act on opportunities without delay.

5. How transparent are the fees and charges?

Transparency is critical in any financial transaction. Hidden fees or complex terms can erode the value of a funding deal and create challenges for clients down the line. Brokers should always ask for a clear breakdown of all associated costs and ensure that their clients fully understand the terms of the agreement. This not only protects the client’s interests but also builds trust in the broker-client relationship.

TP24 Insight: At TP24, transparency is one of our core values. We believe in providing clear, straightforward terms with no hidden fees. Our goal is to ensure that your clients fully understand the cost structure and terms of their funding, so there are no surprises down the line. This commitment to transparency helps us build long-lasting relationships with brokers and their clients.

Ensuring the Best Funding Deal for Your Clients

As a broker, your role is to guide your clients through the complexities of business funding, helping them secure the best deal that aligns with their goals. By asking the right questions and partnering with funders who prioritize flexibility, transparency, and efficiency, you can ensure that your clients are well-equipped to succeed.

At TP24, we’re dedicated to supporting brokers in this mission. Our commitment to transparency and focus on client success makes us the ideal partner for brokers looking to provide the best options to their clients. Whether it’s funding international debtors, avoiding the restrictions of segment accounts, or securing capital without property as collateral, TP24 is here to help your clients achieve their business objectives.