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Should I avoid a comparison site to obtain a business loan?

Comparison sites perform poorly and deliver minimal results. While most sites indicate they will match you to the right lenders, all they are doing is matching you to a range of lender basic product matrix. Basically, the minimum requirements to “qualify to apply” for a loan. This does not mean you will get the the loan, the loan amount you need or the price you expect to pay.

While this only takes a few minutes, it is all but a waste of time. Comparison sites are just a lead generation business that is aiming to deliver volume to lenders.

Lenders actually don’t value these sites as there is no proper level of qualification or insight into the applicant. To them, it’s also a waste of time so they do not pay much attention to these companies. More so, the applicants from these sites have been historically in desperate need of a loan, which ends up being a disappointment to the customer because the loan amount, if any, ends up being far less than they requested and far more expensive.

Why lenders love Sqale in comparison to lead generation sites is because they feel we care about our clients. We have a more personalised approach just like other finance brokers who provide them with a clear and transparent brief; and detailed assessment that enables them to ensure they deliver the loan a client needs.

Unlike the limitations of a computer or AI (artificial intelligence) such as a comparison site, at Sqale, we work closely with our clients, partners, and lenders to ensure we know each and every credit policy, exception, and varying values of an applicant to ensure a successful outcome.

We are more than presenting outcomes based on a product sheet. We know this area of lending inside out to ensure, when we present options, they have been viewed by the lender’s experienced sales team.

  • "Dedicated"


    I was really impressed by Yuan's dedication and professionalism. One thing makes him standing out from others is he genuinely trying to help you, not only a one-way or once off sales push.

  • "Trustworthy"


    Yuan is a trustworthy professional who takes the time to nurture relationships and who takes his service seriously. He has strong expertise in his field and I look forward to doing more more business together.

  • "Pro-active"


    In my dealings with Yuan I always found him to be pro-active with his dealings for our clients and his ability to help find solutions was second to none.

  • "Reliable"


    Yuan has been a reliable source of information in the SME business lending space. He has always been very good at communicating, whether it’s discussing additional requirements, new product offerings or alternative solutions for a number of my clients. Highly recommended

  • "Memorable"


    Yuan is memorable and worthwhile. I love working with Yuan as I feel a genuine passion, energy and desire for connection. Looking forward to each and every interaction with Yuan for a long time ahead!

  • "Fantastic"


    Yuan is fantastic to deal with and always has time for his clients. Nothing is ever too much and he will always make you feel appreciated.

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*Our reviews are conducted internally without a credit check. This does not guarantee a full approval by a lender. All final approvals are subject to a formal application and assessment by our panel of lenders.

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