Does Spark Finance Work with Multiple Lenders?
George Wilks
Commercial Lead · Sep 8, 2024 · 5 min read
Yes. Spark Finance works with over 100 UK lenders across asset finance, business loans, invoice finance, bridging loans, trade finance, and specialist products. Here is how our lender panel is structured and why it matters for the businesses we work with.
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What a 100-lender panel means in practice
A 100+ lender panel means that when your application is submitted, it is matched against the criteria of over 100 lenders simultaneously rather than assessed by a single bank with a single product. Different lenders on the panel have different risk appetites, different sector preferences, different criteria for trading history and credit profile, and different pricing structures.
This creates genuine competition on your application. Where a single bank offers one rate at one term, a broad panel produces multiple competing offers that you can compare on rate, total cost, term length, and conditions. For most applications, this results in better pricing than direct-to-lender applications.
Panel composition
The Spark Finance panel includes high street banks, challenger banks, specialist fintech lenders, asset finance specialists, invoice finance providers, property finance specialists, and trade finance specialists. We actively manage the panel to ensure it reflects the current lending appetite of the market: lenders that have withdrawn from certain sectors or sizes are substituted for those currently active.
Not every lender is appropriate for every application. A key part of the broker's role is knowing which lenders are most likely to approve a specific application given the business's profile, sector, size, and credit history, and directing the application there rather than broadcasting it to the full panel indiscriminately.
"The question should not be 'does Spark Finance work with multiple lenders?'. It should be 'which of your lenders is most competitive for my specific profile?'. That is the question our advisers spend their time answering."
- George Wilks, Commercial Lead
Frequently Asked Questions
Does Spark Finance have lenders for every type of business finance?
Yes. Our panel covers: unsecured business loans, secured business loans, asset finance (hire purchase, finance lease, operating lease), invoice finance (factoring and discounting), merchant cash advances, bridging loans, commercial mortgages, trade finance, and letters of credit.
The bottom line
Start your application at apply.sparkfinance.co.uk and we will identify the most suitable lenders for your situation from our panel of 100+.
Check your eligibilityAbout the author
George Wilks
Commercial Lead
George leads commercial relationships at Spark Finance, specialising in property-backed finance including bridging loans, development finance, and commercial mortgages. He works with investors, developers, and owner-occupiers to structure short and long-term property finance.
