Eland Business Services Limited generally make no charges for their commercial finance broker services except in the following circumstances.

1. The Lender Pays No Commission.
2. The Customer declines a "Firm Offer" from a Lender (not an "Offer in Principle" or "Quote"). This will cover our administration costs.
3. We Reserve the Right to make a charge where customer provided information proves to be incorrect.

If we do need to make a charge you will be informed of the charge prior to an "Offer in Principle" being made and it will be in the range 1% to 2% of a successful funding, the actual amount depends on circumstances and normally is required only where no commission is paid by the lender.

In some funding cases we may offer facilities where charges are based upon a 50% share of annual savings.

No "Up Front" fees are ever asked for by ourselves, however some lenders may insist upon a "Commitment Fee" or "Fees for Due Diligence" after initial discussions in order for any financing to proceed.

You will always need to pay for valuations and legals fees direct to potential lenders where applicable. An administration charge of £500 (minimum) may be payable where the funding does not proceed where the customer declines a "Firm Offer" made by a prospective lender.