Equipment leasing broker for local businesses

Usually the finance company or leasing supplier pays you commission once a deal completes. Some brokers also charge the customer an arrangement fee, where the rules allow.

Commission on each completed lease, often a share of the finance value or of the interest. Regular repeat business from the same clients, plus referrals from equipment suppliers, builds income over time.

• Comfortable talking money with business owners
• Clear, careful paperwork
• Networking and following up leads

• Credit broking can be FCA-regulated, especially for sole traders and small partnerships, so check what permissions you need before you start
• Professional indemnity and public liability insurance
• Registering with the Information Commissioner's Office and handling customer data properly (UK GDPR)
• Commission can be slow to arrive and deals can fall through, so plan for uneven income
• Clear disclosure of how you are paid, as required by the rules that apply to you

Startup costs are typically around £600 to £3,000, depending on the tools, insurance and marketing you put in place. These are estimates, so check what permissions and cover you need before you begin.

Monthly revenue is typically around £500 to £3,000, depending on how many deals complete. These are estimates of revenue, not profit. Commission can be slow and deals can fall through, so plan for uneven income.

Credit broking can be FCA-regulated, especially for sole traders and small partnerships, so check what permissions you need. Also check professional indemnity and public liability insurance, Information Commissioner's Office registration and UK GDPR, and clear disclosure of how you are paid.