Asset finance broker for local trades and firms

Lenders usually pay a commission on each completed agreement. The business pays the finance costs to the lender, not you, unless you agree a separate fee.

Commission on each completed agreement, often linked to the amount financed. Repeat customers and referrals from dealers and suppliers help build steady income.

• Talking confidently with business owners
• Understanding how hire purchase and leasing work
• Careful with paperwork and credit checks
• Building relationships with dealers and suppliers

• FCA regulation: finance for sole traders and small partnerships can fall under consumer credit rules, so check before you start
• Professional indemnity insurance and any network requirements
• Clear disclosure of commission to customers
• Commission clawback if a customer defaults or cancels early, so check lender terms
• Data protection duties, including the ICO fee and secure handling of ID and bank documents
• Time spent travelling to meetings, which isn't paid unless the deal completes

Estimates suggest startup costs are typically around £1,000 to £5,000, depending on insurance, any network requirements, software and travel set-up. Check whether your network requires professional indemnity insurance before you begin.

Monthly revenue is typically around £1,000 to £5,000, depending on the number and size of completed agreements. This is revenue, not profit. Travel time to meetings isn't paid unless the deal completes, and commission can be clawed back.

Check FCA regulation, as finance for sole traders and small partnerships can fall under consumer credit rules. Also check how to disclose commission to customers, lender clawback terms, and your data protection duties, including the ICO fee and secure handling of ID and bank documents.