1. PRIVACY NOTICE

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Approved Business Finance Ltd (“we”, “us”, “our”) is committed to protecting your privacy

and ensuring that your personal information is handled fairly, lawfully, and transparently

in accordance with the UK General Data Protection Regulation (UK GDPR), the Data

Protection Act 2018, and requirements of the Financial Conduct Authority (FCA).

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2. WHO WE ARE

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Approved Business Finance Ltd is an independent, FCA-authorised credit broker, not a

lender.

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We work with a wide panel of finance providers to find funding solutions that meet your

needs and circumstances.

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Company Name: Approved Business Finance Ltd

Registered Office: Seebeck House, Seebeck Place, Milton Keynes, MK5 8FR

Company Number: 11914104

FCA Firm Reference Number: 1020031

ICO Registration Number: ZB424677

Contact: compliance@approvedbusinessfinance.co.uk

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3. PURPOSE OF THIS NOTICE

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This Privacy Notice explains:

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• What personal data we collect about you

• How and why we use your data

• Who we share your data with

• How we keep your data secure

• What rights you have under data protection law

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4. WHY WE PROCESS YOUR DATA

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We process your personal data to:

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• Respond to your enquiries about finance products or services

• Assess your eligibility for credit and identify suitable finance options

• Conduct anti-money laundering, fraud prevention, and identity checks

• Submit finance applications to lenders on your behalf

• Meet our obligations as an FCA-regulated credit broker

• Manage our ongoing relationship with you and improve our service delivery

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5. LAWFUL BASES FOR PROCESSING​

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We use your personal data under one or more of the following lawful bases:

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• Contract: to take steps at your request before entering into, or to perform, a

contract with you.

• Legal Obligation: to comply with regulatory and legal requirements (e.g. FCA,

HMRC, AML).

• Legitimate Interests: to operate and manage our business efficiently, and to

improve our products and services.

• Consent: where you have explicitly agreed (for example, to receive marketing or

for us to process special category data).

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You have the right to withdraw your consent to marketing at any time. If you no longer

wish to receive marketing communications from us. You can withdraw consent at any

time by emailing compliance@approved-finance.co.uk.

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6. PERSONAL DATA WE COLLECT

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We may collect, use, and store the following categories of personal data:

• Identity Data: full name, date of birth, marital status, proof of ID (passport, driving

licence).

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• Contact Data: address, email address, and telephone numbers.

• Financial Data: bank details, income, expenditure, and financial statements.

• Transaction Data: details of services or products provided to you.

• Technical Data: IP address, browser information, and website usage (via cookies).

• Marketing Data: communication and marketing preferences.

• Special Category Data: such as health information, only where required for

accessibility adjustments and with your explicit consent.

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7. HOW WE COLLECT YOUR DATA

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We may collect your data:

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• Directly from you (through calls, emails, web forms, or meetings)

• From introducers, accountants, or partners (where you have consented)

• From lenders, funders, or finance providers involved in your application

• From public sources such as Companies House, the Electoral Register, or credit

reference agencies

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8. HOW WE USE AND SHARE YOUR DATA

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We only share your data when it is necessary, lawful, and relevant to providing our

services.

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Your data may be shared with:

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• Lenders and funding partners to assess and process finance applications

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• Credit reference and fraud prevention agencies to confirm identity and

creditworthiness

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• Regulatory bodies, such as the FCA or the Information Commissioner’s Office

(ICO), where required

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• Professional advisers and IT providers who support our business operations under

strict data protection agreements

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All third parties are required to maintain adequate security and only use your information

in accordance with our instructions and applicable law.

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9. AUTOMATED DECISION-MAKING

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We do not make decisions based solely on automated processing.

However, some lenders may use automated credit scoring to assess finance

applications. Where this occurs, the lender will inform you and obtain consent if required.

 

 

10. RETENTION OF YOUR DATA

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We retain your personal data for six years from the end of your relationship with us or the

completion of any credit facility, in line with FCA and legal record keeping obligations.

After this period, data may be anonymised and retained for statistical or analytical

purposes.

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11. YOUR DATA PROTECTION RIGHTS

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Under data protection law, you have the right to:

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• Right to be informed – to know how your personal data is collected and used.

• Right of access – to request copies of the personal data we hold about you.

• Right to rectification – to request correction of inaccurate or incomplete data.

• Right to erasure – to request deletion of your personal data where applicable.

• Right to restrict processing – to request that we limit how we use your data.

• Right to data portability – to request transfer of your data to another

organisation.

• Right to object – including the absolute right to object to direct marketing.

• Rights related to automated decision-making and profiling – you can object to

your data being used solely for automated decisions (without human

involvement) and to profiling activities.

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To exercise any of these rights, contact compliance@approved-finance.co.uk.

We will respond within one month of receiving your request.

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12. DATA SECURITY

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We apply appropriate technical and organisational measures to protect your personal

data against loss, misuse, unauthorised access, alteration, or disclosure.

Access is limited to employees and third parties who require it for legitimate business

purposes, and they are subject to strict confidentiality obligations.

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13. COOKIES AND WEBSITE TRACKING

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We use cookies to improve your online experience and website functionality. You can

adjust your browser settings to refuse cookies, though this may impact certain features of

our website.

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For further information, contact compliance@approved-finance.co.uk.

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14. COMPLAINTS

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If you have any concerns about how we handle your personal data, please contact our

Compliance Team at compliance@approved-finance.co.uk.

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You also have the right to complain to the Information Commissioner’s Office (ICO):

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Information Commissioner’s Office

Wycliffe House, Water Lane, Wilmslow, Cheshire, SK9 5AF

Helpline: 0303 123 1113

Website: www.ico.org.uk

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15. CHILDREN’S INFORMATION

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We do not provide services directly to children and do not knowingly collect their personal

data.

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16. UPDATES TO THIS NOTICE

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We review this notice regularly to ensure ongoing compliance with FCA and data

protection regulations.

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