Term & Conditions
Terms and Conditions for The Commercial Loans
Welcome to the website of B2B Money Club LTD ("we", "us", "our"). These Terms and Conditions ("Terms") govern your use of our website, services, and products, including but not limited to Merchandise Cash Advances, Short-Term Loans, Long-Term Loans, Secured Loans, and Unsecured Loans ("Services"). By accessing or using our website and Services, you agree to be bound by these Terms. Please read these Terms carefully.
If you do not agree with these Terms, you must not use our website or Services.
1. Services Provided
The Commercial Loans provides financial products and services to small and medium-sized enterprises (SMEs) in the United Kingdom. Our loan offerings include, but are not limited to:
Merchandise Cash Advances: A loan secured against future sales of your business's merchandise.
Short-Term Loans: Loans designed for short-term funding needs, typically with repayment terms of up to 12 months.
Long-Term Loans: Loans with longer repayment terms, typically exceeding 12 months.
Secured Loans: Loans backed by collateral, such as property, assets, or other valuable business assets.
Unsecured Loans: Loans that do not require collateral, granted based on your business's financial standing and creditworthiness.
Our loans are subject to approval based on our eligibility criteria, and we may refuse any application that does not meet these criteria.
2. Eligibility
To be eligible for our loan products, you must:
Be a registered business in the United Kingdom.
Be at least 18 years old.
Provide accurate, complete, and up-to-date information about your business.
Agree to undergo credit checks and provide any other documents or information that we may require as part of the loan application process.
We reserve the right to refuse any loan application at our sole discretion if the applicant does not meet our eligibility criteria or if we believe the information provided is inaccurate or fraudulent.
3. Loan Application Process
By submitting a loan application on our website, you authorize B2B Money Club LTD to process your application and use the information provided for the purposes of assessing your business’s financial standing and creditworthiness. This may include using third-party credit agencies to conduct background checks and credit assessments.
Once we assess your loan application, we will present the loan offer with the associated terms, including the loan amount, interest rate, repayment schedule, and any applicable fees.
By accepting the loan offer, you agree to the terms of the loan agreement, which will be presented to you for review before you accept.
4. Loan Terms, Interest Rates, and Fees
Interest Rates: The interest rate for each loan will be determined based on the loan type, the creditworthiness of your business, and the risk assessment of your application.
Repayment Terms: Each loan will have a clearly outlined repayment schedule, including the total amount, interest, and applicable fees. Loan terms can vary depending on the type of loan and the amount borrowed.
Fees: In addition to the interest rate, certain fees may apply, including but not limited to:
Origination Fees: A fee for processing your loan application.
Late Payment Fees: Charged if your loan repayment is delayed.
Early Repayment Fees: If applicable, charged if you repay your loan earlier than the agreed schedule.
Administration Fees: Fees associated with managing your loan.
Other Fees: Any additional fees disclosed to you at the time of the loan offer.
All applicable fees will be clearly disclosed before you accept the loan agreement.
5. Payment and Repayment
You agree to repay the loan according to the terms outlined in the loan agreement. Payments must be made via the payment methods specified in your agreement, which may include bank transfers, direct debits, or other payment options.
Late payments may incur additional fees, and we may take further action, including but not limited to:
Charging interest on overdue amounts.
Referring overdue accounts to third-party debt collection agencies.
Taking legal action to recover the outstanding loan amount.
Failure to meet your loan repayment obligations may negatively impact your business’s credit rating and result in additional costs.
6. Your Obligations
By using our services and applying for a loan, you agree to:
Provide Accurate Information: Ensure all information you provide is truthful, accurate, and complete.
Meet Repayment Terms: Make timely payments according to the agreed schedule.
Comply with the Agreement: Abide by the terms of the loan agreement you accept.
Failure to meet these obligations may result in loan default, additional charges, and legal action.
7. Our Obligations
We are committed to providing transparent, fair, and responsible loan products. Our obligations include:
Fair Loan Assessment: We will assess your loan application fairly and accurately, based on the information provided.
Transparency: We will disclose all relevant fees, loan terms, and conditions clearly before you accept any loan offer.
Data Protection: We will handle your personal and business data in accordance with our Privacy Policy, and in compliance with the Data Protection Act 2018 and GDPR.
8. Intellectual Property
All content on our website, including text, graphics, logos, images, and software, is the property of B2B Money Club LTD or its licensors and is protected by intellectual property laws. You may not use, copy, reproduce, or distribute any content from our website without our prior written consent.
9. Limitation of Liability
To the fullest extent permitted by law, B2B Money Club LTD shall not be liable for any direct, indirect, incidental, special, or consequential damages arising from the use or inability to use our website or services, even if we have been advised of the possibility of such damages.
We do not guarantee that our website or services will be uninterrupted, error-free, or secure. We reserve the right to suspend or terminate access to our website at our discretion, without prior notice.
10. Changes to These Terms
We reserve the right to modify or update these Terms at any time. Any changes will be posted on this page with an updated date. By continuing to use our services after changes are made, you agree to the revised Terms and Conditions.
11. Governing Law and Jurisdiction
These Terms and Conditions are governed by and construed in accordance with the laws of England and Wales. Any disputes arising out of or in connection with these Terms will be subject to the exclusive jurisdiction of the courts of England and Wales.
12. Contact Us
If you have any questions about these Terms or any other matter related to our services, please contact us
Support
+44 330 1228 546
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