S V H

Terms and Conditions

Starlight Ventures Holdings - Business Loans

Effective Date: 03.26.2024

Please read these terms and conditions carefully before applying for a business loan with Starlight Ventures Holdings. These terms constitute a legally binding agreement between you and Starlight Ventures Holdings.

Table of Contents

1

Introduction

Welcome to the Terms and Conditions for Starlight Ventures Holdings ("Starlight," "we," or "lender"). These terms govern all short-term and long-term business loans provided by Starlight worldwide. Each loan agreement will specify key financing details, including the loan amount, term, interest rate, repayment schedule, applicable fees, collateral requirements, and default conditions.

By applying for and accepting a Starlight business loan, the borrowing company ("you" or "borrower") agrees to comply with the terms outlined below. Starlight commits to acting fairly and transparently in accordance with these terms and industry best practices.

2

Loan Products and Interest Rate

Starlight offers both short-term and long-term business loans globally. Loans may be secured (requiring collateral) or unsecured, depending on the borrower's qualifications and business needs. Loan amounts range from USD $10,000 to $100,000,000, making them suitable for small businesses as well as large enterprises.

Fixed Annual Interest Rate: 6% (no variable or floating rates)

Repayment Structure: Fixed payments for predictability and cost stability

No Compound Interest: Interest does not accrue on unpaid interest charges

The specific term length and repayment schedule will be detailed in your individual loan agreement, based on the loan type (e.g., short-term bridging loan vs. long-term expansion loan).

3

Eligibility and Documentation Requirements

To qualify for a Starlight business loan, the applicant must be a legally registered business entity in its country of operation and meet our underwriting criteria. Required documentation includes:

  • Proof of Business Registration (e.g., Certificate of Incorporation, business license)
  • Identification of Principals (e.g., passports, government-issued IDs)
  • Proof of Address (e.g., recent utility bill, official business address document)
  • Bank Statements (6-12 months, up to 3 years for larger loans)
  • Financial Statements or Tax Returns (for long-term or high-value loans)
  • Business Plan and Use of Funds (detailed breakdown of fund allocation and revenue strategy)

All provided information must be accurate and complete. Starlight reserves the right to verify submitted documents through third-party sources. Providing false or misleading information may result in immediate rejection or constitute an event of default.

4

Loan Disbursement and Use of Proceeds

Upon approval and acceptance of the loan agreement, Starlight will transfer the loan amount to the borrower's designated business bank account via electronic bank transfer. Borrowers are responsible for ensuring accurate bank details are provided.

Use of Funds

Loan proceeds must be used for the stated business purpose as outlined in the application.

Record Keeping

Borrowers must maintain records of expenditures, as Starlight reserves the right to request verification of fund utilization.

Misuse of Funds

Using loan proceeds for non-business or illegal activities may constitute a breach and trigger loan default.

5

Repayment Terms

Repayment Schedule: Specified in the loan agreement (e.g., monthly, quarterly payments)
Late Payments: Subject to penalties outlined in the Fees and Penalties section
Early Repayment: Allowed with possible prepayment penalties (defined in individual agreements)
Payment Method: Payments must be made in the agreed currency via direct bank debit or wire transfer

Borrowers experiencing financial difficulties should contact Starlight promptly to explore possible solutions.

6

Fees and Penalties

All applicable fees will be transparently disclosed in your loan agreement. Common fees include:

Origination/Processing Fee
One-time fee deducted from the disbursed loan amount
Late Payment Fee
Charged per missed due date (e.g., $50 per late payment)
Early Repayment Penalty
Applied if repaid ahead of schedule (exact terms specified in agreement)
Administrative Fees
May apply for amendments or additional services
Collection Costs
If legal action is required, reasonable collection and legal fees may be charged
7

Collateral and Security

For secured loans, borrowers must pledge collateral as detailed in the loan agreement.

Collateral Types

Real estate, equipment, inventory, or other valuable assets

Personal Guarantee

May be required for unsecured loans or higher-risk borrowers

Collateral Restrictions

Borrowers cannot sell or transfer pledged assets without Starlight's consent

Insurance Requirement

Borrowers must maintain adequate insurance for collateral

Collateral is released once the loan is fully repaid.

8

Loan Insurance Requirements

Business Interruption Insurance

  • Borrowers in volatile industries may be required to obtain business interruption insurance.
  • This insurance ensures continued loan payments even in the event of temporary business disruptions.
  • Industries with a high risk of natural disasters, supply chain interruptions, or operational shutdowns may be subject to this requirement.

Life Insurance for High-Risk Borrowers

  • If an individual borrower's role is critical to loan repayment, Starlight may require life insurance.
  • The lender must be named as the policy's beneficiary or assignee.
  • This requirement is common for older borrowers or key business figures.

Mandatory Insurance for Large Loans

  • Loans exceeding a certain threshold may require credit life insurance, business liability insurance, or asset protection coverage.
  • The borrower must prove coverage before loan disbursement.

Upfront Lump-Sum Insurance Premiums

  • For loans requiring insurance, Starlight may mandate full upfront premium payments covering the loan term.
  • Borrowers may finance the premium into the loan amount or pay separately.
  • This ensures that insurance coverage remains active throughout the loan duration.

Failure to obtain or maintain required insurance may result in loan denial or default.

9

Borrower Obligations

Borrowers must:

Use loan proceeds only for the approved business purpose
Make timely repayments as per the schedule
Provide updated financial information upon request
Maintain compliance with all legal and regulatory requirements
Notify Starlight of any major business changes (e.g., ownership changes, insolvency)
10

Default and Remedies

A borrower defaults if they:

  • Miss scheduled payments beyond the grace period
  • Breach any material term of the loan agreement
  • Provide false information
  • Become insolvent or bankrupt
  • Allow pledged collateral to become impaired

Remedies on Default

Starlight may:

Accelerate the Loan

Demand immediate repayment of the full balance

Apply Penalty Interest

Additional interest on overdue amounts

Initiate Legal Action

Pursue legal claims for debt recovery

Seize Collateral

Repossess and liquidate pledged assets

Enforce Personal Guarantees

Hold guarantors personally liable

Borrowers facing difficulties are encouraged to contact Starlight early to explore possible restructuring options.

Apply for Financing Contact Us
header-logo