Terms & Conditions

Preamble and overview

1.1 Teylor AG (CHE-309.114.120), Stockerstrasse 38, 8002 Zurich, Switzerland, registered CHE-309.114.120 in the Commercial Register of the Canton of Zurich (hereinafter ‘Teylor’) operates a so-called credit brokerage platform (hereinafter ‘Platform’) at www.teylor.com or the aforementioned related domains such as teylor.de, teylor.pl, teylor.co.uk, teylor.ie. The platform serves to bring together companies with financing needs as borrowers (hereinafter referred to as ‘borrowers’ or ‘users’) and cooperating lending banks or other financial institutions or debt funds (hereinafter referred to as ‘partner banks’) for the purpose of brokering loans or other financing instruments (hereinafter referred to as ‘loans’ or ‘credits’).

1.2 Borrowers use the platform to raise funds in the form of a loan. To do so, they apply for a loan on the platform. Teylor checks the borrower's creditworthiness on behalf of the partner bank, if necessary with the assistance of third parties (e.g., affiliated members of the Verband der Vereine Creditreform e.V. and SCHUFA Holding AG or their subsidiaries or similar institutions in other countries). The proposed volume, interest margin, term, and repayment terms are determined jointly with the borrower.

1.3 Teylor is neither a credit institution nor a financial services institution within the meaning of Section 1 (1) or (1a) of the German Banking Act (KWG) or similar laws in other countries. Teylor does not conduct banking business and does not provide financial services. The borrower is merely given the opportunity on the platform to have a loan agreement brokered, if applicable. Teylor only attempts to enable the borrower to be offered a loan agreement by a partner bank cooperating with Teylor. Teylor will endeavor to obtain a loan agreement. However, the decision as to whether the partner bank concludes a loan agreement with a borrower lies solely with the partner bank.

1.4 If the borrower and the partner bank conclude a loan agreement brokered by Teylor, the partner bank pays the loan directly to the borrower.

1.5 The loan agreements brokered via the platform are standardized. The relevant provisions and a sample loan agreement are available to registered users as part of the application process at www.teylor.com.

1.6 Teylor merely provides the platform through which loan agreements between borrowers and the partner bank are brokered. Teylor is not involved in the contractual relationships between borrowers and the partner bank and accepts no liability in this regard. Outside of the user agreement, Teylor may, however, take on certain administrative tasks in loan management as an agent on the basis of a separate agreement.

1.7 Teylor does not act as a partner bank, does not grant loans itself, and does not provide consulting services, in particular investment advice. Users act on the platform in their own name and at their own risk.

1.8 Teylor does not guarantee that a loan brokerage will be successfully completed; Teylor does not assume any obligation to procure, broker, provide evidence, or obtain.

Scope

2.1 These terms and conditions apply to the use of the platform and the brokerage of loans. Users can view, download, save, and/or print the current version of the terms and conditions at www.teylor.com.

2.2 Conflicting or other terms of use or general terms and conditions, as well as the user's terms and conditions, shall not apply even if Teylor has not expressly objected to them.

2.3 The contract language for the user agreement is German. The user agrees that contract-related communication may also take place in text form within the meaning of Section 126b of the German Civil Code (hereinafter referred to as “BGB”), if necessary also using signature software such as ‘DocuSign’ or comparable programs (hereinafter collectively referred to as “text form”).

2.4 The rights granted to Teylor in these GTC are exclusively for Teylor's own interest. They serve to ensure the efficiency of the platform and do not establish any protective effect for users or third parties.

Activities of Teylor

3.1 Teylor's activities consist of providing the platform and brokering loans from partner banks. Teylor does not grant any loans itself, and no accounts can be opened with Teylor. In the case of loan brokerage, a loan agreement is concluded exclusively between the borrower and the lender (partner bank). Within the framework of such a contractual relationship or in the case of further additional service and contractual relationships, the respective contractual terms and conditions and general terms and conditions (GTC) of the lender (partner bank) apply.

3.2 Teylor provides proposals regarding the prices and terms of loans from partner banks free of charge and without obligation. These proposals, or those presented on the platform, do not constitute a binding contractual offer from Teylor or the respective partner bank.

3.3 The proposals provided by Teylor regarding the prices and terms of loans are based on the information provided by the respective lender. Teylor makes no representation as to the suitability, availability, or quality of the products presented, nor as to the conclusion of a loan agreement with the partner bank.

3.4 If a user decides to take out a loan with one of the partner banks, the user may submit a binding offer to conclude a contract. Teylor forwards this offer to the partner bank. Confirmation of receipt of a loan application does not constitute acceptance of the offer.

3.5 This user agreement, concluded in accordance with the terms and conditions, only obliges Teylor to keep the platform available for use during the availability periods specified by Teylor. Teylor is not obligated to keep the platform available at all times. If the platform requires maintenance, if the security of the platform (in particular: data security) requires it, or if Teylor is exposed to events beyond its control (e.g. defects, limited availability or failure of telecommunications networks, data transmission by third parties, energy supply, natural disasters, shutdown orders by supervisory authorities not caused by Teylor, and similar events), Teylor is entitled to partially or completely suspend the availability of the platform.

The platform is provided on the basis of the technical status of the platform and the internet at the time the user agreement is concluded. If measures are necessary to ensure the security of Teylor's servers (e.g., in the event of attacks from the Internet) or if technical measures are necessary to maintain or improve the standard of the platform, Teylor may temporarily restrict or suspend access to the platform at any time, taking into account the interests of users.

3.6 Teylor provides its services based on the current state of technology on the Internet and the relevant technical and legal framework conditions. Teylor is not obligated to expand the scope of its services, even if this would be possible due to technical developments. To ensure the platform is as secure as possible, data is transmitted in encrypted form. Despite encrypted data transmission, Teylor has no influence on the transmission of data on the Internet itself. Teylor points out that Teylor secures its systems against unauthorized access by third parties to the data stored by Teylor exclusively with the security systems currently available at Teylor and that absolute protection against attacks by third parties is not possible with the current state of technology and is not owed by Teylor.

Use of the platform and services

4.1 The platform and the brokerage of loans by Teylor are aimed exclusively at entrepreneurs who have their headquarters in Germany or any other country in which Teylor brokers loans. Teylor defines entrepreneurs as any natural or legal person, regardless of whether the latter is public or private, who acts for purposes that can be attributed to their commercial, business, craft, or professional activity. In addition, Teylor may impose further access restrictions, e.g., that the borrower must have been registered in a commercial register for at least two years and must have its registered office in a specific country, or that the borrower must have achieved a certain minimum turnover in the past two financial years prior to registration, and may change these access requirements at any time in the future.

4.2 The borrower may use the platform and the content and materials available on it, as well as the content and materials transmitted in the context of loan brokerage (in particular loan proposals and offers as well as loan documents) for the application and processing of the loan. It is prohibited to use the aforementioned content and materials to broker services to third parties, on behalf of third parties, or for one's own commercial purposes outside the scope of applying for and processing the loan, or to pass them on to third parties.

Term and Termination

5.1 The user agreement between the user and Teylor, which is established upon completion of registration, is valid for an indefinite period and can be terminated by either party with two weeks' notice to the end of the month. The right to extraordinary termination remains unaffected.

5.2 In the event of termination, the rights and obligations established until the end of the user relationship remain unaffected. Termination of the user relationship has no effect on the validity of other contracts (in particular the loan agreement between the borrower and the partner bank).

5.3 Any termination must be made in writing to support@teylor.com .