1. All dealings with clients will remain on a confidential basis.
2. Little Business Loans undertake to arrange transactions for those clients seeking commercial finance.
3. You will be kept appraised of progress on applications.
4. The client will become our client for Business Finance, once engaged and we undertake to retain records of business arranged for at least 6 years.
5. Little Business Loans agree to pay a referral fee of 25% of fees charged (after our expenses - expense fees are determined by us and are non-negotiable) once the Business Finance has been approved and funds transferred to the client. Little Business Loans also agrees to pay an additional 12.5% fee on return business for the same client (after our expenses - expense fees are determined by us and are non-negotiable). No further commissions will be paid after the client has been a customer of Little Business Loans for 2 years since the date of the first loan funded.
6. The relationship between parties shall at times be that of independent contractors. No employment, partnership or joint venture relationship is formed by this referral agreement.
7. The agreement may be terminated, without penalty, by either party giving 10 days prior written notice.
8. The introducer agrees to co-operate fully in the investigation and resolution of any complaints from clients. Initial point of contact is ben@littlebusinessloans.com.
9. This agreement shall be governed and construed in accordance with the Laws of England and Wales.
