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SC Capital Access
Loan Broker
The journey to finding capital is not easy and can get very confusing for a new entrepreneur, this is where a broker comes in. The broker connects business owners to their portfolio of investors. Coming to a broker, a business owner can dictate what they are looking for in terms of capital: unsecured business line of credit or traditional loan . The broker usually get commission as a percentaage of the loan amount paid by the lender, they can also get paid by the investors. A broker does not have geographical restrictions, they can operate from any state and help clients everywhere. However, it is expensive to acquire a loan broker, who can probably get only a handful of deals done per month.
The Breakdown
Pros
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Access to a portfolio of investors which cannot be easily found by entrepreneurs and mainstream research tools
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Not having to deal with paperworks personally
Cons
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Increases the costs of the loan
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Lack of transparency in the process
For a list of Commercial Lending Brokers in South Carolina, click here:
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