Broker interview: Jeremy Element, Money Matters
We caught up with Jeremy Element, Owner from Money Matters, to discuss what it means to be working in the corporate finance space in 2022. We go through the challenges that business owners face today, as well as the developments and predictions for corporate finance in 2022.
Tell me a bit about who you are, your business and your background
Money Matters are a Corporate Finance Broker with access to a wide range of lenders for factoring business loans, equity and helping businesses cut costs in utilities and insurance.
What do you enjoy most about being a commercial finance broker?
Helping businesses fund their expansion plans and seeing them become the business owner’s vision.
What’s the secret to your success?
Never give up.
What are your predictions for the finance landscape in 2022?
Businesses are starting to look to expand now they have come out of lockdown and looking to see how they can progress forward. The use of factoring is a great way to help with this as they receive funding from their invoices quicker.
What are the biggest challenges you see for business owners today and what advice would you offer them regarding finance?
Biggest current challenge is the utility costs especially for businesses that need to use electric and gas in a large way like the manufacturing sector factoring their invoices helps them get the funding needed.
What developments do you anticipate in the business finance market in the coming months and what products will be the most important?
I think more customers will start to take up factoring more as they see it as a way to fund the business while getting a percentage of their invoices upfront.
What are the most important characteristics you look for in an invoice finance provider? Why would you recommend it over other forms of finance?
Speed and getting the right deal for the client done are the most important points for clients who are not currently factoring that are suitable I would suggest it is a great way of raising finance needed.
What do you like about Satago?
Satago are an excellent provider who help clients as and how they need when funding is required.
When you’re not helping businesses out with their finance, how do you like to spend your free time?
Travelling, spending time with friends and family and watching tennis.
And, finally, what are you most enjoying being able to do now we are out of lockdown and restrictions are lifted?
It makes you realise the little things you want to do like seeing family are the most important.