The following information informs you of the terms and conditions pertaining to the services provided by Inspire Asset Finance Limited and how we are remunerated for such services.

TERMS OF BUSINESS

How we conduct business

Inspire Asset Finance Limited (the Company) provides a range of financial services to business and personal Clients (the Client).

The Company provides an unbiased and impartial service and will recommend financial products from a number of lending organisations (Funders) with whom the Company has a professional broker agreement. In all cases the recommendation will be based on the best and most appropriate solution available for the Client.

The Company derives revenues from commissions paid by the lending organisations and, if deemed appropriate, from fees charged to the Client for agreed consultation in respect of other business projects and other services on the Client’s behalf, which are not arranging finance facilities.

One initial free consultation is provided to all Clients. At the discretion of the Company and with agreement from the Client this may be conducted either via a telephone conference or a face to face meeting at the Client’s premises. The information required to present the Client’s proposal to an appropriate funder will be sought at that initial consultation.

Following the initial consultation and receipt of requested information the Company will advise the Client on the most appropriate and cost effective actions to achieve the Client’s stated financial objectives. The recommendations will be delivered to the Client in writing normally within five working days from the initial consultation. The Client will also be advised at that time that there are other providers and introducers which can offer alternative finance to that being presented by the Company.

The recommendation will contain details of the proposed services to be provided to the Client and will also include any fees that the Company may charge which relate to any consultancy work required on the Client’s behalf.

Any consultancy fees charged by the Company will be agreed with the Client in advance and a payment mechanism and timescale put in place and agreed by signing a fee agreement details of which will be made available to the Client in advance.

The Client has the opportunity to review the details of all the services to be provided and to instruct the Company to proceed or otherwise. Should the Client wish to proceed he will be asked to confirm the instruction, and this will be regarded as a formal and binding agreement under these terms of business. Upon receipt the Company will initiate all necessary action to provide the financial service(s) agreed as below.

The Company will work with the Client and the funder to ensure the prompt completion of any loan, equipment lease, commercial mortgage, cashflow solution or other financial service whereby the Client receives payment or supply of any asset under a lease agreement, or supply of any service under a factoring or invoice discount agreement.

If, following the issuance of an instruction to proceed, the Client decides to cancel the instruction at any time before completion he will be liable to the Company for a compensatory fee to be determined by the Company for which the Company will invoice the Client for immediate payment.

If the Company has arranged finance for the Client, for whatever purpose, and that arrangement results in a finance facility being entered into by the Client, the Company will normally receive a commission payment from the lending organisation.

In the event of default by the Client under any of the terms of an active arranged finance facility, or fraud on the part of the Client, or the early settlement of any finance agreement, there may be on occasion a requirement from the lending organisation for the Company to repay all or part of the commission they have received for the successful introduction of the Client. If this situation arises the Client will be liable to re-imburse the commission amount which the Company has had to repay to the lending organisation. The Client agrees to re-imburse the Company immediately on receipt of their valid invoice.