TERMS OF BUSINESS

1. INTRODUCTION

These Terms of Business (the "Terms") govern the relationship between Maxor Finance Ltd (“Maxor Finance”, “Our”, “We”, “Us”) and any potential client looking to use our brokering services ("Client", “You”, “Your”). By expressing an interest in funding opportunities to Maxor Finance through any means of communication, You acknowledge and accept these Terms of Business in full.

2. NATURE OF THE BROKERAGE

Maxor Finance Ltd operates solely as a credit broker, facilitating introductions between businesses seeking funding and lenders. Maxor Finance is not regulated by the Financial Conduct Authority and is a broker, not a lender.

3. BROKERAGE SERVICES PROVIDED

Maxor Finance shall work with You and Your business to assess the availability of funding. We will, at all times, act in Your best interests. We may request information, including but not limited to financial accounts, bank statements, and other relevant documentation, in order to make appropriate proposals to Our lender panel. Upon submission of an application or enquiry, the relevant lender(s) shall conduct their own assessment regarding the provision of funding to Your business, which is not within the control of Maxor Finance or any of its personnel.

Relevant lender(s) may conduct either soft or hard credit checks during this process. By engaging with Maxor Finance for Brokerage Services, you explicitly agree to the provision of such information to relevant lender(s) and to such checks and processes. You hereby hold Maxor Finance harmless for any impact this may have on Your personal or Your business's credit file, whether you are successful or unsuccessful in any application for funding.

4. YOUR RESPONSIBILITIES

  1. You should be confident and comfortable that You will be able to meet, on time, any and all payments as described in the quotation explained or provided for the life of the Agreement between You and the lender.

  2. You should be aware that late or missed payments may result in any or all of the following:

    • Late/default charges

    • Termination of the Agreement

    • Repossession of any equipment (where applicable)

    • Adverse credit being registered with Credit Reference Agencies (CRAs)

    • Difficulty in obtaining further credit due to the above.

  3. By proceeding, You acknowledge that You have chosen the selected option in full knowledge of the implications and Your responsibilities.

  4. You should disclose any factors that may affect a lender’s decision to provide You with credit before entering into any credit agreement.

  5. You confirm that in the event Your forecasts to retain profitability prove inaccurate, You have adequate measures in place to maintain payments for the life of the Agreement.

5. OUR CHARGES

Maxor Finance will receive a commission for assisting in the provision of funding for Your business via the Brokerage Services. This commission will vary on a case-by-case basis, and You can request details regarding Your particular case from Maxor Finance. We will not charge You any fee for this service as We will receive payment by way of a commission or a fee direct from the lender. If We have been introduced to You via a third party, We may pay them a commission fee. If You would like to know whether this applies to You or any details of such commission, please email hello@maxorfinance.com.

6. CONFIDENTIALITY

Both parties agree to keep confidential any proprietary or sensitive information obtained during the course of their relationship, except as required by law or with prior written consent from the other party.

7. DATA PROTECTION

Both parties shall comply with applicable data protection laws and regulations regarding personal data. Maxor Finance will process personal data in accordance with its Privacy Policy, available upon request.

8. TERMINATION

Either party may terminate this agreement with seven days' written notice. Any pending deals at the time of termination shall be honoured under the terms of this agreement.

9. LIMITATION OF LIABILITY

Maxor Finance shall not be held responsible for any loss, damage, costs, or compensation (whether direct or indirect) suffered by You arising out of any use of Our services. In particular, Maxor Finance shall not be liable to You, whether under contract or tort (including negligence), for breach of statutory duty, or otherwise for: (i) loss of profits; (ii) loss of sales or business; (iii) loss of agreements or contracts; (iv) loss of anticipated savings; (v) loss of use or corruption of software, data, or information; (vi) loss of or damage to goodwill; and (vii) any indirect or consequential loss.

10. GOVERNING LAW

These Terms of Business shall be governed by and construed in accordance with the laws of England and Wales. Any disputes arising from or in connection with these Terms shall be subject to the exclusive jurisdiction of the courts of England and Wales.