Terms of Business

Further information can be found on our HQ Website below

www.neobusinessfinance.co.uk

The Financial Conduct Authority (FCA) is the independent watchdog that regulates financial services. This information is designed by the FCA to be given to consumers, considering buying certain financial products, to decide if our services are right for you.

NEO Business FinanceLtd registered at 9C Edison Court, ElliceWay, Wrexham Technology Park, Wrexham LL13 7YT. Company Registered number is 14870707. NEO Business Finance Ltd is an Appointed Representative of The Fiducia Network Ltd, who are authorised and regulated by the Financial Conduct Authority under FRN 917537. Our FCA registration number is 1003407. You can check via www.register.fca.org.

NEO Business FinanceLtd is a member of the National Association of Commercial Finance Brokers (NACFB). We adopt a strict code of practice and minimum standards set by the association. You can check our membership status by contacting the NACFB on the below link. https://www.nacfb.org 

What products do we offer?

We offer a wide range of commercial financial products including: Unsecured loans, Asset Finance (leasing and hire purchase).

Whose products do we offer?

We offer a comprehensive range of commercial financial solutions from across the market.

Which services will we provide you?

We will deal with you in the provision of services for Credit Broking.Neo Business Finance Limited will be acting as a Credit Broker on your behalf and is not a lender.

You will not receive advice or a recommendation from us. You will need to make your own choice about how to proceed when choosing which lender to select based on the options presentedfrom the facts we gathered.

What will you have to pay us for our service?

Appraisal Fee - An Appraisal Fee will not be charged. Arrangement fee - An Arrangement fee will not be charged.

As a credit intermediary, Neo Business Finance (Hereby referred to as ‘NBF’) has due regard for the FCA’s Principles of Business, its regulations and guidance and strives to satisfy these through its operational practices. NBF is focused on ensuring customers are provided with clear and transparent communication throughout the transaction process. Where possible, NBF try to avoid multiple contact and correspondence with the customers which may cause unnecessary confusion.

For quotations, NBF will make an internal assessment as to the likely cost of credit or hire. Although any quotation provided is an accurate reflection of this assessment at the time of publication, it is subject to full underwriting and fluctuations in interest rates, term, fee, facility type and other factors which may be unforeseen at this initial stage. NBF’s aim is to provide competitive finance option(s) for their clients coupled with high customer service and a relevent product range. This means sourcing the most suitablefunding option available, taking into account the specific circumstances of the transaction, including but not limited to:

• Rate
• Speed of decision
• Product range available
• Credit considerations
• Amount of required advance
• Asset or loan type
• Security provided

NBF shall, at all times, act entirely independently in sourcing credit from our panel of funders. NBF is commited to ensuring that all these applications for credit are placed with the most appropriate funderfor a transaction, taking into account the factors listed above.

We will typically receive payment by way of a commission or a fee direct from the lender

The amount we receive from the lender will usually be based on the loan amount, for example a percentage of the figure borrowed. Further details will be made available to you about this prior to you receiving the funds from the lender.

A lender we introduce you to may charge you a higher fee in order to provide us with a commission payment and different lenders pay commission at different rates.

For certain lenders and loan types we may have influence over the interest rate, and this can impact on the amount you pay under the agreement. We will provide you with further information about this prior to you receiving the funds from the lender