FAQ

Yes, Lincoln Finance are fully authorised and regulated by the Financial Conduct Authority (FCA) - registration no. 717074. We are also full members of the National Association of Commercial Finance Brokers and adhere to their strict code of conduct.

Lincoln Finance Ltd are registered on the Information Commissioner's Office (ICO) - Data Protection Register no. Z9301046.

Please read our GDPR policy to view our full GDPR and Data Protection Information.

We can assist with regulated and non-regulated finance products. These include:

• Hire Purchase
• Lease Purchase
• Finance Lease
• Contract Hire
• PCP
• PCH
• Operating Lease
• Refinance
• Commercial Loans
• Chattels Mortgages
• Marine Mortgages

Traditionally, assets suitable for finance should satisfy 3 main criteria:

1. Be moveable
2. Be easily identifiable
3. Have a residual value

Having said that, the list of assets we can fund is vast, growing and can often stretch outside the boundaries of the above criteria. We would always suggest that if you have a specific enquiry to speak directly with us over the phone to see if we can help.

Yes, these are normally written on Sale & HP Back or Sale & Lease Back documentation.

• Improve cash flow and spread the cost of a capital purchase.
• Preserve cash reserves and explore growth opportunities for your business.

Please click on the link to view our current terms of business.

We can introduce you to a limited group of carefully selected credit providers who may be able to offer you finance for your purchase. Our role as a credit broker is to determine which lender on our panel to introduce you to. Each credit provider may have different interest rates and charges. We do not charge you a fee for our services.

We will receive a commission from the credit provider for introducing you to them, and we will also pay a commission to the introducing supplier or partner. The commission received is either a fixed fee or a percentage of the amount you borrow. The lenders we work with could pay commissions at different rates. However the amount of commission that we receive from a lender does not have an effect on the amount that you pay to that lender under your credit agreement.

If you have a complaint about any of our services, please contact us as soon as possible. We will acknowledge your complaint within five working days. We will aim to resolve complaints within two weeks and to provide a final response to all complaints within four weeks. If your agreement is regulated under the Consumer Credit Act and, if after making a complaint, you are still unhappy and feel the matter has not been resolved to your satisfaction, please contact us here.

As we are regulated and authorised by the Financial Conduct Authority (FCA), we can assist with finance products for both businesses and private individuals.

Finance may be available for used commercial vehicles, subject to factors including the vehicle’s age, mileage, condition, value and supplier. Older or specialist vehicles may need to be considered by a lender experienced with that asset type.

Limited companies, partnerships and sole traders may be able to apply for commercial vehicle finance. Eligibility and the information required will depend on the applicant and lender.

Yes, finance may be considered for one vehicle, several vehicles or a wider fleet requirement. Each application will be assessed according to the business, the vehicles and the proposed transaction.

A deposit or advance rental may be required. The amount will depend on the type of agreement, lender, vehicle and strength of the application.

Some lenders may consider recently established businesses, although additional information, a larger deposit or a director’s guarantee may be requested. Approval is not guaranteed.

That depends on the finance agreement. Hire Purchase and Lease Purchase can provide a route to ownership, while Finance Lease, Operating Lease and Contract Hire normally work differently. Lincoln Finance will explain the relevant ownership position before you proceed.

Timescales depend on the lender, the complexity of the application and how quickly the necessary documents are provided. Specialist vehicles, private sales or incomplete financial information may require additional checks.