A financing request is published, not matched. Sooqban does not introduce a lender to you, negotiate for you, or take any part of what is agreed. There is no stage in the request called matched, because there is no step that does it. Matching for compensation is arranging, which requires a licence.
The fee invariant is the hardest rule in this section: no fee may ever be computed from the value of a financing deal. It is enforced by a guard rather than stated in a policy, because a percentage is exactly what would turn a directory into an intermediary.
At a glance
- What is listed
- Financing institutions, against the licence the regulator publishes
- How a request reaches them
- Published after its documents are checked. Read by whoever chooses to read it
- The fee rule
- Flat. Never a share of the amount. Enforced in code
- Two doors, one record
- Opened here or in Trade Room, it is the same request with the same fields
How it works
- Draft the requestWhat the money is for, how much, over what period, and what stands behind it.
- Documents are checkedSo that what institutions read is supported by something.
- It is publishedTo licensed institutions. Who answers is their decision. There is no routing rule that picks for them.
- You deal with the institutionTerms, security and drawdown are between you and them. Sooqban earns nothing from the outcome.
Who this is for
- A manufacturer funding a production run against a confirmed order.
- An importer bridging the gap between paying a supplier and being paid by a customer.
- A business that would rather be read by several institutions than telephone each one.
Questions
Is this a lender?
No. Sooqban does not lend, does not hold money, and is not a broker. It publishes a request that licensed institutions can read.
Will you recommend the best offer?
No. That is advice, and advising on finance is a licensed activity. You see what comes back and decide.
Does Sooqban take a percentage if it is funded?
It may not, ever. No fee on this platform may be computed from a financing value, and the rule is enforced in code.
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