Privacy Policy

1. Introduction

comparebusinessfinance.co.uk is an independent commercial finance broker helping UK SMEs raise finance for their business. We are a credit broker, not a lender.

This Privacy Policy explains how we collect, use, store and share your personal data. We process your data in accordance with the UK GDPR and the Data Protection Act 2018.

2. What Data We Collect

When you use our service, we may collect:

• Full name — to identify you and process your enquiry
• Email address — to communicate regarding your application
• Phone number — to contact you about funding options
• Business details — name, trading history, turnover and sector
• Date of birth — for identity verification
• Postcode and address — for verification purposes
• Funding requirements — amount sought and reason

3. How We Use Your Data

We use your personal data to:

• Match your business with suitable lending partners
• Assess your eligibility for funding products
• Communicate about your enquiry and application
• Carry out document collection and onboarding support
• Improve our services and website
• Comply with legal and regulatory obligations

Our lawful basis is your consent and our legitimate interest in providing finance broking services.

4. Who We Share Your Data With

By submitting your information, you consent to us sharing your data with:

• Finance providers and partners — to determine suitable funding options
• Credit reference agencies — for credit checks
• Fraud prevention agencies — to verify identity and eligibility

We will never sell your personal data to unrelated third parties for marketing.

5. Data Security

We protect your data with:

• SSL/TLS encryption on all data transmitted through our website
• Access restricted to authorised personnel only
• Regular security reviews
• Two-factor authentication on systems storing personal data

6. Data Retention

We retain your personal data for 6 years from your last interaction with us, in line with FCA requirements. After this, your data will be securely deleted or anonymised.

7. Your Rights Under UK GDPR

You have the right to:

• Access — request a copy of your personal data
• Rectification — correct inaccurate or incomplete data
• Erasure — request deletion of your data
• Portability — receive your data in a machine-readable format
• Object — object to processing in certain circumstances
• Restrict — request limited use of your data

To exercise these rights, contact us at the email below. We'll respond within one calendar month.

8. Cookies

Our website uses cookies:

• Essential cookies — required for the website to function
• Analytics cookies — help us understand site usage (with consent)
• Marketing cookies — for relevant advertising (with consent)

You can manage cookie preferences via the banner or your browser settings.

9. Changes to This Policy

We may update this policy to reflect changes in our practices or legal requirements. Changes will be posted on this page with an updated date.

10. Contact Us

For questions about this policy or to exercise your data rights:

If unsatisfied with our response, you can complain to the ICO at ico.org.uk.