We have recently been reading about customers looking for business finance who have tried to raise loans via brokers and been charged thousands of pounds in up front fees only to be told the deal cannot be done.
As reputable UK based Commercial Finance Brokers Eland Business Services Limited do not charge any upfront fees. We would recommend that anyone seeking business finance should not proceed with any commercial loan broker who does!
Note that for some deals, for example property related, up-front fees for valuations and legals will be required by lenders. Any such fees should be paid direct to the lender and not the broker!
