Is the Quick Quote really free and with no obligation to proceed?
Short answer — yes, the Quick Quote is free and there is no obligation to proceed.
The Quick Quote at Best Business Loans is a complimentary eligibility check and decision-in-principle (DIP) style enquiry that helps match your business to suitable lenders and brokers. Submitting a Quick Quote does not commit you to accept any offer and costs you nothing to request. We only introduce your enquiry to lenders or brokers if you agree to proceed with those introductions.
What “free” and “no obligation” mean at Best Business Loans
Clear definitions
“Free” means you will not be charged by Best Business Loans to use the Quick Quote tool or receive initial matches. We are an introducer and do not charge you any fees to get a shortlist of suitable lenders or brokers. Any fees or charges from a lender or broker will be disclosed to you by that provider before you enter a formal agreement.
No obligation explained
“No obligation” means you are under no contractual duty to accept an introduction or an offer from a lender or broker we suggest. You remain in full control of whether to take the next step with any provider we introduce. If you choose not to proceed, there is no penalty for stopping the process.
Why this matters for UK businesses
Many business owners worry that an initial enquiry will bind them to costs or automatic applications. Our Quick Quote is specifically designed to remove that friction and help you explore options quickly. This transparency is important for SMEs seeking fast information without commercial pressure.
How the Quick Quote process works (step‑by‑step)
Step 1: Submit a short form
The Quick Quote form asks a few straightforward questions about your business, funding purpose and approximate amount required. It should take only a couple of minutes to complete and is intentionally concise to speed up initial matching. We do not submit this to lenders without your consent to proceed with introductions.
Step 2: AI-driven matching
Our AI analyses the details you provide and compares them with criteria from our network of lenders and brokers. This intelligent matching identifies providers who commonly lend to businesses like yours or who offer the product types you need. Matching is an eligibility indicator and not a guaranteed loan approval.
Step 3: You review and authorise introductions
We present matched options and explain next steps for each suggested provider. You decide whether you want us to share your enquiry with any of those providers. Only once you authorise an introduction will a lender or broker receive your contact and business details.
Explore types of funding and eligibility by visiting our business finance overview for more detail: business finance.
Data handling, privacy and compliance safeguards
What we do with your data
We treat your information securely and only use it to match you with potential finance providers. Personal and business data is processed under our privacy policy and shared only when you give explicit permission for an introduction. We do not sell your data to third parties for marketing purposes.
Security and confidentiality
Data transmitted through our Quick Quote is protected using industry-standard security measures. We limit access to your details to the Best Business Loans team and to vetted lenders or brokers who meet our criteria. We also expect partner providers to handle your data in line with UK data protection law.
Regulatory and advertising compliance
Best Business Loans is an independent introducer and not a lender, and we make that clear throughout the Quick Quote process. We follow FCA and ASA guidance on presenting financial information that is clear, fair and not misleading. Any regulated lender or broker will provide the required disclosures before you sign any agreement.
What happens after you say “yes” to an introduction?
Direct contact from lenders or brokers
When you authorise an introduction, the selected lender or broker will contact you to discuss your enquiry and may request supporting documents. That contact is between you and the provider; Best Business Loans does not broker the agreement itself. Providers may carry out soft or hard credit checks depending on their process and with your consent.
Decisions in principle and full applications
An initial Decision in Principle (DIP) or eligibility indication gives you an early view of whether a provider is likely to lend. A DIP is not a final offer and often depends on full underwriting, documentation and verification. If you decide to proceed to a full application, the lender or broker will explain any fees, interest rates and terms clearly before you commit.
No automatic charges or hidden costs
We do not charge you for an introduction and we will not pass you to a provider that hides fees. Any broker or lender fees must be disclosed by them in line with FCA and ASA rules. If a provider quotes charges, you should receive transparent written terms prior to any commitment.
Practical FAQs, next steps and key takeaways
Common questions answered
Will a Quick Quote affect my credit file? Most initial Quick Quote checks are non‑credit, eligibility checks; lenders will inform you if a hard search is required. Who pays for the lender or broker service? Providers may charge for some services but must disclose those fees before you accept.
How to get the most from a Quick Quote
Be accurate and concise when completing the form to improve match quality and speed. Have recent turnover, asset details and the intended use of funds ready to give a clear picture to potential lenders. If you need guidance, our UK support team can answer questions before you submit.
Clear next steps
If you want to explore options, complete the Quick Quote form and review matched providers without pressure. Authorise only those introductions you want and ask providers to explain any costs, timelines and conditions before proceeding. You can stop at any time with no fee or obligation to Best Business Loans.
Key takeaways
- The Quick Quote is free to submit and aims to provide a fast eligibility check for UK businesses.
- Submitting a Quick Quote does not obligate you to accept any offer or introduction.
- We only share your details with lenders or brokers if you authorise an introduction.
- Any lender or broker fees, interest rates and contract terms must be disclosed by that provider before you agree to proceed.
- If you want help, our UK team can explain the process and next steps before you submit a Quick Quote.
Ready to check your options? Complete a Quick Quote and get matched to suitable lenders or brokers — fast, free and with no obligation to proceed. Start your Quick Quote now and take the next step toward the right finance for your business.
About Best Business Loans
Best Business Loans helps established UK businesses discover relevant finance options using AI-driven matching and a vetted network of lenders and brokers. We do not lend ourselves; we introduce and explain choices so you can decide with confidence. For support, contact hello@bestbusinessloans.ai.