Commission disclosure

Float is a commercial finance broker, not a lender. We introduce businesses to a panel of lenders for non-regulated commercial finance. Our panel is made up of lenders we have agreements with. It does not cover every lender or product available in the market.

We do not charge businesses a fee for making an enquiry or for us looking at their options. If finance completes, we are normally paid a commission by the lender. Depending on the lender and product, this may be:

• a fixed amount;
• a percentage of the amount financed; or
• an amount linked to the interest rate or total charges under the agreement.

If we ever ask you to pay a fee directly, we will tell you the amount and what it is for, and agree it with you in writing before you are committed to paying it.

• Commission rates can differ between lenders and products.
• Where commission is linked to the rate or charges, a higher commission can mean you pay more for the finance.
• We will tell you the amount and basis of any commission before you decide whether to go ahead.
• You can ask us at any time how much we will receive and how it has been worked out.

You are never obliged to proceed with any option we introduce. Any finance is provided by the lender, not by Float, and is subject to the lender’s own assessment, terms and documentation. You can read more in our terms of use.

To ask about commission on a specific enquiry, email hello@float.co.uk and we will confirm the details in writing.