On the lender's agreement of an offer of finance or a facility that is materially equivalent to the terms sought by the client, First Funding will charge the client an arrangement fee of 5% of the gross value of the facility (which may be altered on agreement by both parties). On the first drawdown of the Loan, the Lender shall pay the funds to the Borrower net of any outstanding Arrangement Fee. The outstanding Arrangement Fee shall be paid by the Lender directly to First Funding.
Commissions will be payable to First Funding on future borrowings from the same lender for a period of 24 months following a transaction arranged by First Funding or its associates.
No refunds will be given.
You are entering this agreement wholly or predominantly for the purposes of a business carried on by you or intended to be carried on by you. You understand that you will not have the benefit of the protection and remedies that would be available to you under the Consumer Credit Act 1974 if this agreement were a regulated agreement under the Act.
First Funding is a commercial finance broker, licensed by the Office of Fair Trading as credit brokers. We are introducers, we are not advisors. We are not responsible for the loan agreements, nor for the actions of parties to any loan agreement. You should seek your own legal and professional advice before agreeing to any commercial transaction.
Our Commitment as the Website Owner
First Funding cannot recommend any particular loan arrangement or business proposal.
Prior to allowing any party access to the website First Funding will require a subscribing party to provide various information including but not limited to name and address ("Personal Information"). First Funding may carry out such credit checks as it chooses.
First Funding will protect and restrict use of Personal Information in accordance with such privacy as it believes adequate to suitably protect subscribing parties. First Funding may send out information by email or be required to disclose personal information to comply with its legal obligations.
First Funding will manage the Website and enable the Business Summaries and Business Plans to be made available for viewing by selected Lenders.
If the Lender is interested in one of the Business Summaries it will communicate its interest to First Funding who will arrange and facilitate an initial introduction between the Lender and the Borrower.
First Funding does not screen, evaluate or scrutinise the Business Summaries and Business Plans or have any responsibility for any legal arrangements, accuracy of information or other dealings between the parties. Due diligence on the Lenders and any transaction proposals is the responsibility of the borrower.
Your Commitment as the Borrower
The parties subscribing to this website undertake not to circumvent Firstfunding.org nor to attempt to evade the company's fees in any transaction introduced by or handled by First Funding. This agreement applies to subsidiaries and associated companies of the parties.
All information provided other than already in the public domain is to be treated as confidential both by the parties and by First Funding.
First Funding reserves the right to remove any loan offers or business proposals it considers to be unfair or unlawful.
The parties subscribing to this website agree to act in good faith at all times.