Disclosure Statement

This Disclosure Statement provides you with important information about the services provided by Loan Link Limited (‘Loan Link’, ‘we’, ‘us’, and ‘our’). This Disclosure Statement was prepared on 19/09/2024.

• Name of Financial Service Provider (FSP): Loan Link Limited
• Trading as: Loan Link
• FSPR Number: FSP1008359
• Contact Person: Emil George
• Phone: 022 326 7715
• Email: info@loanlink.co.nz

Loan Link Limited is registered with the Financial Service Providers Register (FSPR) as a Financial Service Provider (FSP). However, Loan Link Limited is not a licensed financial adviser and does not provide financial advice. We specialize in commercial finance and business loans, but we do not offer personal loans or consumer finance.

Loan Link Limited focuses on providing asset finance services and working capital loans for businesses across New Zealand. The key services we offer are:

• Loans for business vehicles and equipment (e.g., trucks, buses, diggers, drilling machines, and more)
• Loans for machinery and other business assets
• Business working capital loans

We source finance options from a panel of trusted lenders. These lenders may include:

• Heartland Bank
• Flexi Commercial
• BizCap
• Prospa
  (Our panel of lenders may vary, and we will recommend the best lender based on your business’s specific needs.)

• Loan Link Limited may charge a fee on a case-by-case basis for arranging business loans. This fee will be disclosed upfront and agreed with you before proceeding. The fee  vary depending on the complexity of the application and the loan amount.
• In most cases, we receive a commission from the lender once your loan is settled. However, if the commission from the lender does not cover our costs, we may charge a fee to cover the gap. In all cases, any fees will be clearly communicated and authorized by you in writing.

Below is additional information regarding circumstances where a one-off fee may be charged. These fees apply when I’m arranging asset finance or business lending, and where the lender does not pay any commission.

• Unsecured Loans: For unsecured loans, a fee of 1% of the loan amount will be charged, with a minimum fee of $1,500. This fee may be added to the loan or invoiced separately.
• Business Loans: For business loans (e.g., purchasing a business), a fee of 1% of the loan amount will be applied. This fee is added to the loan or invoiced separately, as banks and lenders typically do not pay commission on business lending.
• Development Funding and Non-Bank Loans: For development funding loans or non-bank loans—including those for commercial property—a fee of 1% will be charged, either added to the loan or invoiced separately. (This fee does not apply to asset finance, as the lender pays commission in those cases.)
• Asset Finance Commission Clawback: For asset finance, my commission will be clawed back if the loan is settled within the first half of the loan term or refinanced without my involvement. For example, on a 4-year loan, no clawback applies after the first 2 years. The clawback is calculated on a pro-rata basis and decreases daily. Any clawback amount will be payable upon early settlement, typically included in the lender’s settlement quote but invoiced separately by us.

Loan Link Limited typically receives commission from the lender when your loan is approved and settled. This commission varies depending on the lender and the loan amount. We manage potential conflicts of interest by:

• Always recommending the most suitable product for your business’s needs.
• Ensuring that any loan amount aligns with your business requirements.

We collect personal information in accordance with our Privacy Policy. All personal information shared with us is kept confidential and secure. We do not disclose any information without your consent, except as required by law or in accordance with our Privacy Policy.

If you have a complaint about our services, please contact us using the details below. We will acknowledge receipt of your complaint within 24 hours and work with you to resolve it promptly. If we cannot resolve your complaint, you can refer it to our external dispute resolution service, Financial Services Complaints Limited (FSCL), at no cost to you.

• Email: info@loanlink.co.nz
• Phone: 022 326 7715
• FSCL Contact: complaints@fscl.org.nz | 0800 347 257

Although Loan Link Limited is not a financial adviser, we are committed to acting in your best interests by:

• Offering appropriate finance options for your business.
• Providing clear and honest communication.
• Acting with integrity and professionalism in all our dealings.

This Disclosure Statement can be provided in hard copy upon request. Please contact us at info@loanlink.co.nz if you would like a copy or have any questions.