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WHY WE DO WHAT WE DO

AT FUNDING TRACK, WE WANT TO MAKE IT EASIER FOR BUSINESS OWNERS TO ACCESS FINANCE

OUR VALUES

We have 3 CORE VALUES which are the cornerstone of everything we do:
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ABSOLUTE
INTEGRITY
  • We believe trust and honesty must be at the core of everything we do.
  • We know that trust is built over time but can be broken in an instant.
  • We understand the importance of keeping our word.
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EFFECTIVE
COMMUNICATION
  • We have two ears and one mouth for a reason! Communication starts with listening.
  • We aim to show respect and authenticity in all our communication.
  • We believe it is important to say what we mean and mean what we say.
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CONSISTENT
FOCUS
  • We will always strive to find the best solution.
  • We believe attention to detail is vital.
  • We will leave no stone unturned.
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OUR PLEDGE

  • We will listen first.
  • We will work tirelessly to help you get the best funding solution.
  • We will be realistic and truthful about what is possible and what to expect.
  • We will measure our response time to your calls, messages, or emails in hours not days or weeks.
  • We will always be ‘in your corner’.

WHY USE US

1. Do they specialise in business and commercial finance?

Many brokers who claim they are specialists in commercial finance aren’t. Their expertise might be residential mortgages or buy-to-let, and they only offer commercial finance as an additional service.

Funding Track: We only arrange business and commercial finance. That’s it! And we’ve been doing it for over 25 years!

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2. Are they regulated by the Financial Conduct Authority (FCA)?

If not, don’t use them. If you’re not sure, ask for their FCA number or check the FCA register.

Funding Track: We are directly authorised and regulated by the Financial Conduct Authority. Our FCA number is: 740554

3. Are they members of the National Association of Commercial Finance Brokers (NACFB)?

The NACFB is a nationally recognised trade organisation which has a membership of 2,000 brokers.

To help protect you, NACFB members adhere to an industry recognised Code of Practice.

Our suggestion. If they’re not members of the NACFB don’t use them.

Funding Track: Our NACFB number is:

4. Do they have Professional Indemnity (PI) insurance?

If you use a broker who has PI insurance, you have the comfort of knowing you have recourse if something goes wrong.

To obtain PI cover, the insurance company will have examined the brokers credentials before agreeing to put a PI policy in place, which gives you additional “peace of mind”.

If your broker doesn’t have an up to date PI policy in place, don’t use them.

If you use a broker who has PI insurance, you have the comfort of knowing you have recourse if something goes wrong.

To obtain PI cover, the insurance company will have examined the brokers credentials before agreeing to put a PI policy in place, which gives you additional “peace of mind”.

If your broker doesn’t have an up to date PI policy in place, don’t use them.

Funding Track: We have PI insurance cover in place with Towergate Insurance.

5. Are they Whole of Market?

A good commercial finance broker should be “whole of market”. In other words, they’re not tied to one lender or to a select panel of lenders.

Instead, they can research the whole lending market, and then provide you with all the options. That way, you know your broker has gone out to the whole marketplace and not just to their “favourite” lender.

Funding Track: We have a panel of over 40 lenders we work with on a regular basis.

6. Can they provide you with case histories of recently completed deals?

A good broker will have done many deals just like yours. If you want to get a sense of ‘what they can do’, ask them to provide details of deals they have done in the past 6 months.

If you want more information, ask to speak to a couple of their clients – past and/or present.

That way you know that they really can do what they say they can do!

Funding Track: We have many delighted clients you can speak to if you want a recommendation.

7. Are they transparent about their costs?

The FCA requires finance brokers to provide their terms of business right at the very outset of the transaction.

The terms of business must include details of the fees the broker is charging to arrange the finance.

Be wary of using any broker who is “cagey” about telling you what they charge.

Funding Track: Part of our process includes providing you with a ‘Funding Roadmap’ which has a complete breakdown of our charges.

Why use us? One of the reasons is because we answer YES to all 7 questions