"At Bridgecoast we treat our clients with the respect they deserve."

Brokers work with clients to determine their borrowing needs and ability, select a loan suited to their circumstances and manage the process through to settlement.　

Some benefits of using a broker:

• At Bridgecoast we do all the legwork for you
• We have access to a wide range of loans from all the major lenders
• At Bridgecoast our consultants have over 40 years experience in the finance industry
• Experts in a wide range of loans
• More flexible
• Finance Brokers can negotiate more favourable terms for the individual and for small to medium size businesses

Brokers can only offer loans from the lenders they are accredited with. They call this their panel of lenders. Lenders will normally range from the large banks through to specialist non-bank lenders and mortgage managers. The size of a panel of lenders will vary from broker to broker. At Bridgecoast Finance we are accredited with over 35 lenders.

Why Businesses Use Finance Brokers

It is widely agreed amongst business industry bodies that as the cost of business finance goes up, small and medium size businesses are making greater use of finance brokers to get a better finance deal. Businesses are motivated to switch from a bank to a broker mainly because their existing finance is too expensive or they are dissatisfied with other parts of their current deal. 

Bridgecoast Finance can compare your business loan requirements with all the lenders on its database and negotiate a better deal on behalf of you the business owner. Bridgecoast Finance Group , for example, has dozens of lenders on its books, including all the major banks, private funds and institutional funds.

Small and medium size businesses are a lot better educated now and they know that they can achieve the best deal by getting the banks to compete against each other. Most business people don’t have the time or the contacts to do this efficiently and this is exactly what Finance Brokers do. The banks look to take as much security as they can including personal security. It is our job as Brokers to unravel all that and help with the restructuring of the debt, working closely with your accountants.

Since, Laurie O'Brien established the Bridgecoast Finance Group in 1985, a boutique brokerage house on the Central Coast which now has a portfolio of thousands of clients from individual property owners, small to medium businesses, multi-nationals, schools & colleges throughout Australia. There has been a definite increase in borrowers using brokers like ourselves.

"The more we mitigate risk, the better pricing that we get on behalf of the client, and that is really our function," says Mr O’Brien."For instance, the loan might have restrictive covenants and conditions, which can be costly and time consuming, especially when it requires annual reviews and audits. A lot of what we do is to negotiate those things out of the loan agreement. By limiting the restrictive covenants and by limiting the conditions, what we are actually doing in the long term is saving the businesses money and time."

"What we find is that if clients have approached banks directly and then they come to us, we are able to normally get them better rates than the marketplace,"

Bridgecoast Finance Group Pty Limited is a member of the 9000 strong Finance Brokers Association of Australia, and the Mortgage Finance Association of Australia.