Merchant Loans

Terms and conditions

1.   Eligibility

1.1 Applicants must meet the following eligibility criteria:

• Be at least 18 years old.
• Operate a business in the UK (excluding Northern Ireland).
• Submit accurate and verifiable personal and business information.

1.2 Finance Hub reserves the right to reject applications that do not meet these criteria or contain incomplete, false or misleading information.

2.   Approval process

2.1 All merchant loan applications are subject to a thorough credit assessment and business evaluation by Finance Hub. Approval is not guaranteed and Finance Hub retains full discretion over loan approvals.

2.2 The approval process requires the submission of all requested documentation, including financial statements, business revenue reports and proof of consistent cash flow, within the stipulated timeline.

3.   Security requirements

3.1 A first charge security may be required based on the loan amount and risk assessment.

3.2 Additional security may be required at Finance Hub’s discretion, especially for businesses exceeding standard risk thresholds.

3.3 In case of default or failure to meet repayment obligations, Finance Hub reserves the right to take legal action, including reclaiming secured assets if applicable.

4.   Funding terms

4.1 Interest rates and repayment terms will be clearly outlined in the loan agreement and tailored to the specifics of the business.

4.2 Any delay or default in repayment will incur additional charges, including penalty fees, as specified in the agreement.

4.3 Requests to modify repayment schedules must be submitted in writing and are subject to Finance Hub’s approval.

5.   Misrepresentation

5.1 Any misrepresentation, falsification or omission of key information during the application process will result in immediate disqualification.

5.2 If such issues are discovered after loan disbursement, Finance Hub reserves the right to demand full repayment along with applicable penalties.

6.   Non resident applications

6.1 Applications from non residents of the UK will be considered on a case by case basis and must comply with additional documentation and security requirements.

6.2 Finance Hub reserves the right to impose stricter terms for non resident applicants, including higher interest rates or additional security requirements.

7.   Loan specific terms

7.1 Merchant loans must be used strictly for business purposes, such as expansion, equipment purchase or operational costs.

7.2 Businesses must demonstrate stable cash flow, regular credit card sales and compliance with all relevant laws and regulations.

8.   Amendments and termination

8.1 Finance Hub reserves the right to amend these terms and conditions at any time, with appropriate notice provided to applicants and borrowers.

8.2 Finance Hub may terminate a loan agreement if:

• The borrower defaults on repayment.
• Funds are used for purposes other than those outlined in the agreement.
• The borrower violates applicable laws or regulations.

9.   Legal compliance

9.1 All loan agreements are governed by and interpreted in accordance with the laws of England and Wales.

9.2 Any disputes arising from the loan agreement will be subject to the exclusive jurisdiction of the courts of England and Wales.

10.   Disclaimer

10.1 Loan approval and terms are at the sole discretion of Finance Hub. The company is not liable for any losses due to delays, non approval or other factors beyond its control.

10.2 Finance Hub does not provide financial or legal advice. Applicants are encouraged to seek independent professional advice before entering into any loan agreement.