There will come a time when you will seek capital to help grow your business! It is important to understand that you have options, choices and you decide what, how, when, who, where you receive the capital from.

Options mean what types of capital available to you. Choices refers to programs, what type of capital you want, how refers to amount of capital you need, when refers to when you would like to receive the capital, who refers to which company you want to do business with and where refers to lenders location, ability to service, etc.

In understanding this we have assembled an overview chart of broker vs. direct lender to educate you so the best decision can be reached. Here is why you should consider each:
<ol>
	<li><strong>Options:</strong></li>
</ol>
Brokers will have multiple lenders for multiple loan products. Multiple lenders means better bargaining position regarding rates, terms and fees.

Direct Lenders will only have access to their loan programs.  As broker, Altima Funding Solutions is consistently able to achieve better terms, rates, etc. for you by negotiating one lender against another.

2. <strong>Timeliness:</strong>

A broker's ability to quickly place an applicant with the correct lending source based on lenders criteria means quicker funding.

Direct Lenders have to lump everyone into their specific guidelines and if you don’t fit, they cannot provide you with the necessary funds, meaning wasted time. Every lender has a different risk tolerance and appetite i.e. Construction vs. Retail, 800 Fico vs. 520, etc. It’s important to know this for effective and time efficient outcomes. We research lenders loan programs to ensure you meet their guidelines for faster funding.

3.  <strong>Greater Success:</strong>

As stated in Timeliness, every lender has different guidelines and criteria and not every borrower will fit exactly into that box, so having multiple lenders means a higher success rate of securing funding that matches your needs.

Direct Lenders are limited to their loan programs and guidelines with little ability to expand for varying circumstances.

4.  <strong>Relationships:</strong>

Great brokers have established relationships that can work in the borrowers favor. Altima Funding Solutions has strong long lasting relationships with its lenders that allows us to make reasonable request and have them granted such as extended terms, greater loan amounts than you may qualify for, reduced rates, just to name a few.

Direct Lenders don’t take the time to know you. To them, you are just another applicant.

5.  <strong>Peace of Mind:</strong>

In most circumstances when you need money, you need it by a certain deadline. However, searching for money can be a huge distraction taking focus off of your business. A great broker can address and solve your capital needs, thereby allowing the you to focus on what matters, growing your business!

Altima Business Solutions is a strong funding broker with multiple lending sources. Our compensation is based on getting you funded and is paid by the lender*.  See what we can do for you!

<em>*Restrictions may apply</em>