Success in Building Relationships with our Professional Partners
24/08/10
At Bridging Finance Limited we are dedicated to serving clients of the professional sector such as accountants, solicitors and banking partners, acting as an enhancement of the services already offered by their business.
The professional sector is often the first point of contact for clients considering a new opportunity and those who require short term finance. By understanding each other's requirements and working together proactively, Bridging Finance Limited has been able to reduce turnaround times to ensure that our mutual clients receive the finance they require as quickly and efficiently as possible.
Client Care
We understand that it is vital in every business to provide client care of impeccable standards, and we pride ourselves on our highly professional and experienced team who provide a fast, flexible and friendly service.
By focusing on our professional partners, we have been able to ensure our client care is of the highest quality and we also ensure that they are continually updated with emails at all key stages of the process. We also provide a courtesy call to the referral source within 24 hours of completion.
Reciprocal Business
Over the years, we have built up strong and mutually beneficial relationships with introducers from a variety of professional sectors and this has resulted in us providing over £125M in finance to their clients.
In addition to clients having access to the capital they need, introducing business to Bridging Finance Limited allows representatives from various sectors to benefit in multiple ways.
How Bridging Finance Limited works with a few professional sector clients is summarised below:
Accountants
In the last 4 years, 26% of funds lent have been to clients of accountants. Some operate referrals through their own financial services arm, which is a great opportunity to generate enhanced fee income for the practice.
"Bridging Finance Limited has recently launched Cashflow Assist, which is a great tool for accountancy sector clients. Some clients may be struggling to raise facilities through traditional high street funding and this facility allows them to raise funding for circa 12 months. Our clients can utilise this service to take advantage of stock purchases or to support their trading activities during quieter periods."
Russell Holt UHY Hacker Young.
Solicitors
As we work closely with many practices and because we always need solicitors to act on our behalf, we instruct firms that have recommended clients to us. Bridging Finance Limited has provided clients referred to us through solicitors with over £25M in loans over the last 4 years.
"We have referred clients to Bridging Finance Limited and have seen reciprocal business, through legal work/instructions by working together over the last 12 months. They consistently provide a professional and friendly service to clients and deliver funding within very short timescales to allow clients to complete within tight deadlines or take up an opportunity or raise capital."
Steven Fruhman Partner, Fruhman Davies & Livingstone.
Banks
19% of our business has been generated by banks for their clients over the last 4 years and in turn, we can often refer clients to our professional banking partners for the arrangement of a long term solution then they exit our facilities.
"Bridging Finance Limited has become a key player for the short term funding market and is a great complement for the banking sector. Their reputation has grown substantially over the last few years and for clients who need access to immediate funding pending the Bank providing a longer term solution they are experts in their field."
Dennis Evans Branch Manager, Handelsbanken.