Farr Business & Finance are an independent finance brokerage that provide a range of finance solutions for companies, dependant on their requirement.

We have access to;
100+ banks, lenders and provider.
50+ products and services.
All with various terms, rates and fees.

The services we provide, include but not limited to; Asset Finance (Hire Purchase and Leasing), Business Loans, Invoice Finance & Factoring, Commercial Mortgages, Trade Finance, Merchant Cash Advance.

WIthin our panel of lenders, the majority we have a relationship whereby we itnroduce our cusomter to the lender, as a broker. We also work with a panel of lenders that do not ordinarily work with brokers, which under certain circumstances allows us to source industry leading terms and rates.

We have varying commercial arrangements with our panel of providers, and information regarding any fees we may receive are stated in point 4, Fees.

To source the most suitable product/facility.
To source the most appropriate terms.
To source the best rates from the providers available.
We will be transparent with what is available and provide updates on any offers, feedback or declines as applicable.

To provide accurate information and necessary documents when requested, which may include; Financial Accounts, management accounts, bank statements, director and shareholder information, creditors, debtors.

Be up front, open and honest.

Working with multiple brokers can complicate decisions and often be to the detriment of the. It can affect; timescales, terms and approvals

We would request exclusivity regarding your requirement. We do not currently require anything other than your word at this time.
Please do advise us if you have had discussions with other brokers, banks or lenders as this may impact what is available to us.

Typically, we do not charge any up front or additional broker fees on completion unless stated.
In most instances, we will be paid a fee by the provider upon completion of a facility, this may or may not be disclosed as ‘commission’. This fee is for introducing business to them, working on their behalf becoming an extension of their sales team.
Our fee can vary, depending on and not limited to; lender, product, terms, amount and estimated work involved. Fees can vary from 0% - 10%.
There are occasions where this is set by the provider and cannot be amended.
Any fee is rolled into the agreement and paid by the lender, with no further additional payment due from the customer.
Our typical fee is 4%, which we believe to be fair for the work involved, utilising our lending providers, knowledge and experience.
We will always disclose our fee within an offer letter, regardless of a provider’s stance on fee disclosure.

The only instances where we would charge a fee direct to our customers, are in the following scenarios;

1. Where no fee is paid by the provider to us.
2. Where the fee paid is considerably less than our typical fee for the work involved (for example some Government backed schemes will pay a maximum of 1%)
3. Where the initial work and time involved requires a commitment fee. This could be whereby the scenario is more complex than first thought.

This would be agreed in advance and/or prior to any completion.