Securing a finance business partner for your business can be pivotal for the growth of your organisation.
A finance business partner is there to provide guidance and access to financial products that may not be available elsewhere, working with your business to strengthen your financial strategy.
What to look for in a finance business partner
- Commercial understanding
Your finance business partner should understand the market landscape of your industry and a detailed understanding of your business. This is why at Mill Wood, we request information so that we can learn as much as possible about your daily business activities and future growth plans, to ensure we are best placed to provide the most applicable guidance for your business finances.
- Lender relations
Your finance business partner should have strong relationships with their panel of lenders, fostering a healthy level of trust so that their lenders consider each application that your partner presents. With over 25 years of building lender relationships, Mill Wood are well placed to connect your business with the most suitable financial products.
- Analysis and evaluation
A good finance business partner uses their skills to provide financial analysis for your business, to present an informed, alternative perspective on your finances. They should have a deep understanding of your business’s financial history, your current financial status and future financial projections – taking into account your past, present and future.
- Transparency
Your finance business partner should be honest and transparent with their analysis and projections for your business. From disclosing commission to providing you reliable guidance for the future, transparency is a key quality of a good finance business partner.
Final thoughts
A finance business partner should add value to your business by helping to bridge the gap between complex financial data and the impact this has on your business operations.
Finance business partners should be an informative resource for your business and justify their position by providing impartial expertise to your organisation, in order to drive the growth and expansion of your operations through sound financial strategy. They should have fostered strong relations with a panel of lenders, so when you’re ready to navigate the intricacies of business finance – they can match you with the most suitable lender with the most applicable finance to aid your business.
If you’re looking to partner with a broker with the know-how and experience to accelerate your business growth, get in touch with Mill Wood.
