We are an independent firm and will act on your behalf in arranging your business requirements that range from the follow list of service.

However, in certain circumstances we may act for, or owe a duty of care to, other parties such as corporate lenders and independent business funders. We will inform you when these circumstances occur, so you will be aware of any possible conflict. 

Business loans applied for, amended, or renewed through our telephone service can only be proceeded with the information you provide and will be strictly on a commercial instruction and a non-advised basis. This means information will be provided for you to make an informed decision about any funding transactions undertaken by you. You should therefore ensure such transactions are suitable for your needs. 

We offer a wide range of products, and our service may include:

• Corporate and Business Unsecured Term Funding
• Corporate and Business Secured Term Funding
• Asset Finance
• VAT Loan (short 3-month term loans)
• Invoice Finance for improved cashflow; Factoring and Confidential
• Merchant Account Funding against Customer Card Transactions – Business Cash Advance
   

Success Fee

In most funding cases, we are paid by commission from the Lender, and we charge you a ‘success fee’ of 2% of the gross advance on a “no win, no fee” basis.  The minimum success fee charged is £400 per advance.  This amount will be specified to you from the outset of your instruction

 Awareness of Offers Issued by Funders

When your offer letter is issued by the funder, you are strongly advised to read it carefully as it is this document that details the funding terms and conditions of the lenders contract. You should make sure the documents are accurate and contact us if they contain any errors. If you are in any doubt over the funding terms or conditions or you do not understand them, please ask us for further clarification.

Your Right to Cancel

You have the right to cancel your funding application at any time prior to the funds being transferred to your account, following this period your right to cancel will have expired. However, should you decide to cancel for any reason before drawdown of funds, then your attention is drawn to the section above entitled ‘How we are Paid & Costs’.  As soon as you pay your ‘success fee’ and/or the ‘arrangement fee’, then these charges are not refunded.  Also, the proposed lender may also charge you a small fee depending how advanced your application may be at the time of cancellation.

Client Money

We do not handle client money in any circumstance.

Complaints

We are committed to providing our customers with a high standard of service. If for any reason, we have not met your expectations please let us know by informing your usual contact. You can contact our office on 01904 905 595 or write to us at Corporate Business Loans Ltd., PO Box 752, YORK, YO1 0JP

Information and Changes we need to know about

Please make sure that all the information, statements or answers provided by you to us or to your funder are correct. If you answer questions incorrectly or fail to include important (‘material’) facts and details, you may find later that your application is invalid and fails to complete.  So, it’s vitally important that you take the time to ensure you have provided all relevant facts and information at the time of arranging your application and throughout the term of the contract.

Using Your Personal and Business Information

We will ensure that any information obtained from you is treated confidentially by us. We will also assume that any information you supply to us on behalf of a third party is done so with their permission. In supplying services to you we may share information about you with credit reference agencies and other companies for fraud detection and/or money laundering prevention. Some funders and finance providers may also use credit reference agencies, about the assessment of your financial standing generally, when assessing your application. From time to time, we may also use your information to contact you for market research purposes. We will not take instructions on your business funding arrangements or any other service we offer from anyone else unless we have your prior written permission. We will not provide information you supply to anyone else unless we have your prior written permission to do so or are required by a regulatory body, by law or are required to do so in the normal course of arranging your instructions. From time to time, we may send you information about similar products or services offered by Corporate Business Loans Ltd and/or other companies we associate with either by post, telephone or e-mail. If the product or service is offered by another company within our association, we may pass your contact details to them, so they can contact you directly. If you would not like us, or any other company within the Corporate Business Loans Ltd association, to send you this type of information or if you would like further information on how your information is used and your rights to access information we hold on you, please advise your usual contact or write to Gary Dickinson, Data Protection Officer, Corporate Business Loans Ltd, PO Box 752, YORK, YO1 0JP.

Law & Jurisdiction

These terms of business shall be governed and construed in accordance with the laws of England and Wales. In relation to any legal action or proceedings arising out of, or about these terms of business unless otherwise agreed we both irrevocably submit to the jurisdiction of the courts of England and Wales.

Payment Terms

Late payment penalty: Late Payment Interest will be added to the invoice balance known as ‘statutory interest’.  This is 8% plus the Bank of England base rate for all business to business transactions. This will be added daily from the first day following the expiry of the published payment terms date.