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Credit approval and acceptance

    How soon after my initial enquiry will I get an approval?

    Following a successful meeting with one of our lending managers and post receipt of agreed Heads of Terms, a proposal for formal approval can be submitted to one of our three credit committees which take place each week.

    Are there any upfront fees?

    There are no upfront fees until a formal offer of finance has been secured. Following credit committee approval, a formal offer letter will be issued and we ask that this is signed and returned along with the remittance of a commitment fee, the cost of which will be detailed in the offer letter.

    What is a formal offer of finance?

    A formal offer of finance is a letter detailing the agreed terms of the facility, as approved by our credit committee. This offer will be subject to full customer due diligence.