Terms of Service
Terms of Service
1. Introduction
Welcome to Magna Money. By accessing our website and using our services, you agree to be bound by these Terms of Service. If you do not agree with any part of these terms, you must not use our services.
2. Services Provided
Magna Money connects UK businesses with financial lenders to provide unsecured business loans, working capital, growth loans, debt consolidation, and invoice financing. Our services are available to businesses that meet the following criteria:
- Trading for at least 2 years
- Home ownership
- Minimum annual turnover of £350,000
3. Eligibility
To use our services, you must be at least 18 years old and legally able to enter into a contract. You must provide accurate and truthful information regarding your business and financial situation.
4. Application Process
- Submit an application through our website by providing necessary business details.
- We match you with suitable lenders.
- Loan approvals are subject to lender evaluation and underwriting.
5. No Guarantees
Magna Money does not guarantee loan approval, funding amounts, or specific terms. Lenders make final decisions based on their own criteria and due diligence.
6. Fees and Charges
- Some lenders may charge arrangement fees, which will be disclosed before finalizing any agreement.
- Magna Money does not charge upfront fees for connecting businesses with lenders.
7. Privacy Policy
Your personal and business information is collected and processed in accordance with our Privacy Policy. We do not sell or share your information with third parties beyond what is necessary to provide our services.
8. Use of Our Website
You agree not to:
- Use our services for any fraudulent or unlawful purposes.
- Misrepresent your business details.
- Copy, reproduce, or exploit any part of our website without permission.
9. Limitation of Liability
Magna Money is not responsible for any financial losses, business disruptions, or damages arising from:
- Loan applications being declined.
- Misuse of funds received.
- Actions or terms set by lenders.
10. Amendments
We reserve the right to update these Terms of Service at any time. Continued use of our services after changes have been posted constitutes acceptance of the new terms.
11. Contact Information
For any inquiries regarding these terms, please contact us:
- Phone: +44 7786 014734 / 0113 512 2711
- Email: hello@magnamoney.co.uk / rob.smith@magnamoney.co.uk
- Address: 62-66 Deansgate, Manchester, M3 2EN