top of page

Terms of Service

Welcome to Daytona Venture Group (“Company,” “we,” “our,” or “us”). We provide quick business lending capital and merchant cash advance services to businesses of all sizes (“Services”). By applying for, accepting, or using our Services, you (“Client” or “you”) agree to be bound by these Terms of Service (“Terms”).
 
These Terms govern your relationship with Daytona Venture Group, including your application, approval, funding, and repayment obligations. Please read them carefully.

Eligibility

You must:

  • Be at least 18 years of age (or the legal age of majority in your jurisdiction).

  • Operate a valid business entity in good standing in the United States.

  • Have the authority to bind the business to financial agreements.

  • Provide complete and truthful information during the application process.

We reserve the right to decline or terminate Services for any reason permitted by law.

Nature of Services

Daytona Venture Group may provide funding through:

  • Merchant Cash Advances – An advance against a percentage of future receivables.

  • Short-Term Loans – Lump-sum financing with fixed repayment terms.

The specific terms, repayment structure, fees, and other conditions will be set forth in your individual Funding Agreement (“Agreement”). In the event of a conflict between these Terms and the Agreement, the Agreement will control.

Application and Verification

  • Obtain business and personal credit reports.

  • Verify bank account information, revenue history, and other financial details.

  • Contact third parties, including credit bureaus and payment processors, as needed for underwriting.

Providing false, incomplete, or misleading information may result in denial, termination, or legal action.

Funding and Disbursement

Once approved:

  • Funds will be disbursed to your designated business bank account.

  • Funding timelines may vary based on bank processing and verification requirements.

  • All disbursements are subject to final underwriting approval.

Repayment and Fees

  • Repayment methods may include daily, weekly, or monthly ACH withdrawals, or other agreed-upon arrangements.

  • Fees, interest (if applicable), and other charges will be clearly stated in your Agreement.

  • Returned or failed payments may incur additional fees as outlined in the Agreement.

  • Late or missed payments may result in default.

Default and Remedies

You will be considered in default if:

  • You fail to make scheduled payments.

  • You provide false or misleading information.

  • You close your business or change bank accounts without notice.

  • You violate any material term of your Agreement.

In case of default, we may:

  • Demand immediate payment of the outstanding balance.

  • Initiate collection efforts or legal proceedings.

  • Report non-payment to credit bureaus.

No Resale or Assignment

You may not assign or transfer your rights or obligations under these Terms or any Agreement without our written consent.

Limitation of Liability

To the fullest extent permitted by law:

  • We are not liable for indirect, incidental, or consequential damages.

  • Our maximum liability is limited to the amount of fees paid by you to us in the 12 months prior to the event giving rise to the claim.

Indemnification

You agree to indemnify, defend, and hold harmless Daytona Venture Group and its affiliates from and against any claims, damages, losses, or expenses (including legal fees) arising out of:

  • Your breach of these Terms or the Agreement.

  • Your misuse of the Services.

  • Your violation of any law or third-party rights.

Changes to Terms

We may update these Terms at any time by posting a revised version on our website. Continued use of our Services after changes take effect constitutes acceptance of the updated Terms.

Entire Agreement

These Terms, along with any signed Funding Agreement, represent the entire agreement between you and Daytona Venture Group regarding our Services.

bottom of page