Intermediaries can now source short-term loans from the most appropriate lenders and can then arrange them through either Capital Advances or go direct to the lender.
Wayne Smethurst, director of Capital Advances, said: “Our system allows intermediaries to research short-term lenders using simple and straightforward sourcing, making it all very quick and easy.
“Once this initial sourcing is done, an intermediary can choose to go direct to the lender if they wish. If they do, then the audit trail stops at that point.”
However Smethurst added that Capital Aavances expected that intermediaries would want to follow through with Capital Advances for the added value that its service delivered.
He said: “For example, after the initial sourcing we can apply advanced sourcing and filtering along with an audit trail and compliant quotes. We also have access to exclusive products and even funds that are not available directly.
“We are keen to be as open and helpful as possible both to intermediaries and their clients.
“So where we are working with an intermediary on an unregulated case, we are happy to make direct contact with their client and give them any support they need, if the intermediary would like us to. And we’ll still pay the same fee to the intermediary.”
Capital Advances is backed by specialist distributor The Finance Centre, which has been working in the bridging, second charge and commercial funding sectors for 21 years.
Smethurst said: “Our knowledge of these sectors is second-to-none.
“With our experience and a strong technology-based service, we believe Capital Advances will tick all the boxes for intermediaries.”
