Who will you share my data with and why?
Quick answer: who we share your data with and why
We share your enquiry details only with selected lenders, regulated brokers and trusted service providers to match your business with appropriate finance options.
We also share limited data with fraud-prevention agencies, identity-check providers and, where legally required, with regulators or law enforcement.
We never sell your personal data and only use it to deliver the service you requested, such as a Quick Quote or Eligibility check.
Overview: when and why we share your information
Best Business Loans acts as an independent introducer and matchmaking service for UK businesses seeking finance.
Your data is shared to enable meaningful matches between your business needs and lenders or brokers who can help.
Without sharing certain details we cannot provide accurate quotes, eligibility checks or Decision in Principle assessments.
What sharing enables
Sharing lets lenders assess risk, pricing and suitability quickly so you receive relevant offers.
It also allows brokers to prepare quotes and advise on appropriate products for your sector.
Where necessary, identity, credit and anti-fraud checks are completed to protect you and our network.
Transparency and minimalism
We share the minimum information required for the specific purpose you authorised.
That includes business name, turnover, funding amount requested and basic director details when needed.
We avoid unnecessary disclosure of sensitive personal information unless explicitly required and consented to.
Who we share data with (recipient groups)
We share with four main groups: finance providers, brokers, service partners, and compliance or fraud agencies.
Each recipient type is chosen for a clear business or legal purpose and is contractually obliged to protect your data.
We explain each group below so you know exactly who may see your information.
1. Lenders and specialist finance providers
We pass relevant business and contact details to lenders who may provide business loans, asset finance, invoice finance and other commercial products.
Lenders use this information to carry out affordability and eligibility checks and to prepare indicative pricing.
Sharing accelerates matching and avoids you filling multiple lengthy forms with different providers.
2. FCA-regulated and specialist brokers
Where a broker is the better route, we introduce your details to authorised intermediaries who can negotiate terms on your behalf.
Brokers receive the data required to assess your case and contact you about the best routes available.
We only work with brokers who meet our data-protection and conduct standards.
3. Service providers and platform partners
We use trusted third parties for essential services like hosting, email, CRM, analytics and identity verification.
These partners process data on our behalf and are bound by data processing agreements to protect your information.
Examples include secure cloud providers, payment processors and validation services used to speed up quotes.
4. Fraud prevention, credit reference and compliance bodies
To prevent fraud and verify histories we may consult credit reference agencies and anti-fraud databases as part of eligibility checks.
Where law requires, we will share details with regulators, tax authorities or law enforcement.
These checks protect your business and our lender network from abuse.
What we share, lawful basis and security
We only share information that is necessary to meet the purpose you choose when submitting your Quick Quote.
The lawful basis for sharing is usually your consent for matching, performance of a contract for introductions, or compliance with legal obligations.
We hold each processing purpose and lawful basis in our privacy policy and for each partner we use appropriate legal safeguards.
Typical data fields shared
Common items include business name, registration number, turnover, funding amount requested and contact details.
We may share director names, ownership information or Beneficial Owner details when required by anti-money laundering rules.
We will flag where special category data is involved and only process it with explicit consent or legal justification.
Security measures we use
Data is transmitted using industry-standard encryption and stored on secure servers with access controls.
Partners are vetted, undergo audits and must sign data processing agreements reflecting UK GDPR expectations.
We continuously monitor and update security controls to protect against unauthorised access or loss.
Data transfers outside the UK
Where partners are located outside the UK, we use appropriate safeguards such as Standard Contractual Clauses or ensure the recipient operates in a country with adequate protections.
We will inform you if the processing requires cross-border transfers and what safeguards apply.
You can request details of any specific transfer at any time from our Data Protection contact.
Your rights, choices and how to limit sharing
You have a set of rights under UK data protection law that let you control how your data is used and shared.
These rights include access, rectification, erasure, restriction, objection and data portability.
We describe how to use these rights below and how they affect data sharing.
How to access, update or delete your data
You can request a copy of the personal information we hold about you and ask for corrections if it is inaccurate.
You can also request deletion where retention is not required for legal or business reasons.
Some sharing may continue if necessary to meet contractual or regulatory obligations.
Withdrawing consent and objections
If you withdraw consent for marketing or for specific matching activities we will stop those processes promptly.
Withdrawing consent may limit the range of providers we can introduce you to or delay eligibility checks.
To withdraw consent please contact hello@bestbusinessloans.ai or use the contact form on our site.
Opting out of marketing and profiling
We only send marketing communications with your consent and provide clear opt-out options in every message.
We do use automated matching algorithms to score and match enquiries but you can ask for human review at any time.
We will explain how profiling affects matches where it materially impacts outcomes.
Special cases, accountability and next steps
There are situations where we must share without explicit consent, such as to comply with a legal obligation or to prevent fraud.
We also disclose information when necessary to protect the vital interests of individuals or to establish, exercise or defend legal claims.
We will limit any such disclosures to the minimum required and log the decision and purpose internally.
We don’t sell your data
We are clear: Best Business Loans does not sell personal data to third parties for their own marketing use.
Introductions are made on a need-to-know basis so lenders and brokers can respond to your enquiry.
If a partner wishes to use your data for a new purpose they must seek your permission first.
Accountability and audits
We maintain records of our processing activities and regularly audit partners to ensure compliance with privacy and security standards.
We require partners to meet contractual, technical and organisational safeguards aligned with UK GDPR.
Our internal privacy team reviews sharing practices and updates processes where necessary.
Next steps — how to proceed safely
If you want a Quick Quote, complete our online form and you will be informed exactly which data fields are shared for your enquiry.
Before submission you can review our privacy policy and the specific consent checkboxes for marketing and third-party matching.
For an immediate eligibility check or Decision in Principle please start your Quick Quote now or visit our business finance overview at Business Finance.
Key takeaways
- We only share data to match your enquiry to relevant lenders, brokers and trusted service providers.
- We never sell your personal data and we use strict contracts and security controls with every partner.
- You have clear rights to access, correct, delete and restrict processing of your data.
- Certain legal or fraud-prevention reasons may require sharing without consent; we minimise and log such actions.
- Start a Quick Quote to see exactly which recipients and data fields apply to your enquiry.
Need help or want to exercise a data right?
Contact our Data Protection team at hello@bestbusinessloans.ai for quick assistance and a copy of our full privacy policy.
We aim to respond to data requests promptly and in line with legal timeframes.