Last Modified: September 13, 2021
Our website, www.gosteward.com (the “Site” or the “Website”) is a website owned by Steward Technologies LLC (“Steward Technologies”, "our", or "we"), a New York limited liability company with its mailing address at 228 Park Ave S #41153, New York, NY 10003, USA.
Funding for loans on the Site (the “Loan” or “Loans”) is conducted on a best-efforts basis. Neither Steward Technologies nor Steward Lending LLC (“Steward Lending”) takes any responsibility for identifying or recruiting appropriate individuals or entities willing to lend funds by participating in a Loan made by Steward Lending and/or providing Short-Term Loans (collectively, “Lenders”) for projects created by a potential borrower (“Borrower”) and posted on the Site (the “Project” or “Projects”, each on a “Project Page” on the Site). Each Borrower is responsible for securing a sufficient number of Lenders willing to lend funds sufficient to reach the minimum contractual amount necessary for closing the Loan (the “Minimum Loan Amount”).
All Projects submitted to Steward Technologies on the Site must be for business purposes only. Potential Borrowers must acknowledge, represent and warrant that any funds advanced pursuant to a Loan on the Site are strictly for commercial purposes only. No consumer financing of any kind is permitted. The Steward Platform will open Loans for funding for a fixed period of time until the date the Loan closes (the “Loan Closing Date”). The Loan Closing Date will typically be thirty (30) to ninety (90) calendar days after the Project has gone live on the Site. The Loan Closing Date may vary by Project and will be indicated on the Project Page. No Loan will be closed and no funds advanced to any Borrower on the Site unless the Minimum Loan Amount has been reached by the Loan Closing Date, unless otherwise agreed in writing and posted on the Project Page. All monies advanced by Lenders for a Project (the “Loan Participation Funds”) must be transferred via the Site, unless otherwise directed on the Project Page. In the event a Loan does not reach the Minimum Loan Amount by the Loan Closing Date, the Project will be disabled on the Site and no longer open for funding. In this event, the Loan Funds on hold pending closing will be returned to each Lender in full, to his/her/its individual Steward Account, or as otherwise directed on the Project Page. Any refund of Loan Funds, for whatever reason, will be transferred via the Site to the respective Steward account of the Lender, unless otherwise indicated on the Project Page. Our payment facilitator is unable to process ACH transactions for hemp businesses. Please see the individual project page for information on how we process transactions for hemp projects.
Each Project will have a minimum lending amount per Lender (the “Minimum Participating Loan Amount”) which will vary by Project. Participations are sold in set increments as identified on the Project Page. For Participated Loans, Fractional Participations are not allowed unless otherwise agreed in writing or identified on the Project Page. There may be a maximum Participation Amount per Participating Lender that may vary by Project (the “Maximum Participation Amount”) or a maximum Loan Amount per Short-Term Loan (“Maximum Short-Term Loan Amount”). Projects with a Maximum Participation Amount or Maximum Short-Term Loan Amount will indicate this on the Loan Participation Agreement. Maximum Loan Amount Loans may have a Maximum Loan Amount. All Maximum Loan Amounts will be listed on the Loan Agreement. In the event the Maximum Loan Amount is reached and there are Lenders who are still interested in funding a particular Loan, they will be placed on a Waitlist. In the event other Lenders cancel their Loan Funds prior to the Loan Closing Date individuals on the Waitlist will be contacted in the order in which their commitments were made and allowed to contribute Loan Funds or purchase Loan Participations for the Project.
Each Project will contain credit information (the “Credit Information”) in a credit file on the Project Page. Each Borrower is required in the Loan Documents to update the Credit Information provided on an on-going basis. If Lenders wish to cancel their Loans, they may do so prior to the Loan Closing Date without penalty by contacting firstname.lastname@example.org and the Loan Funds will be returned to their Steward Account. After the Loan Closing Date, the Lender will be bound by the Loan Agreement effective as of the Closing Date. Each Borrower’s Credit Information may include but is not limited to a review of tax returns, business financials, a credit check, business plan, website and social media review. EACH LENDER IS RESPONSIBLE FOR EVALUATING THE CREDITWORTHINESS OF A PROJECT. LISTING OF A PROJECT ON THE SITE DOES NOT CONSTITUTE AN ENDORSEMENT OF THE PROJECT BY ANY STEWARD ENTITY. NO STEWARD ENTITY PROVIDES FINANCIAL ADVICE. All information provided for each Project is the responsibility of the Borrower. No Steward entity shall have any responsibility for the completeness or accuracy of information provided by Borrowers.
Each Loan may be secured by one or more of the following: (a) a security interest in assets, accounts, real or personal property, or specific equipment, (b) a commercial mortgage or (c) a business guaranty. Loans may be secured by UCC-1 statements which will be recorded in the relevant jurisdiction and provide public, legal notice regarding Steward Lending’s right to seize assets and/or property of Borrowers who default on their loans. The filing of a UCC-1 lien with the relevant Secretary of State allows Steward Lending to enforce this lien in the case of a default. Steward Lending does not guarantee that it will hold a first-position UCC-1 lien on the Borrower’s assets and/or property but makes reasonable inquiry regarding the existence of any prior UCC liens on Borrower assets and/or property. If a Loan is secured in one of the foregoing ways, it will be identified on the Project Page. There is no guaranty that any Loan secured by these methods will be sufficient to fully repay the debt of a Borrower.
Both Loan Participation and Short-Term Loans are available only to Sophisticated Lenders. This means that Lenders must certify at checkout that by reason of their business and financial experience and in making financial decisions of this type, the Lender is capable of evaluating the merits and risks of participating in the Loan transaction and bearing the economic risk of extending credit to the Borrower. Commercial Lending is by its nature inherently risky and Lenders must be willing and able to bear the risk of loss of their entire investment. THERE IS NO GUARANTY THAT BORROWERS WILL BE ABLE TO REPAY THEIR LOANS IN FULL OR IN PART. STEWARD LENDING IS NOT RESPONSIBLE FOR ANY INABILITY TO REPAY ANY LOAN. STEWARD LENDING’S RESPONSIBILITY IS LIMITED TO AND EXPLAINED IN THE LOAN AGREEMENT.
Steward Lending may receive a one-time origination fee of the principal amount of each loan, paid by the Borrower. The origination fee may vary by Project. Participating Lenders will not be charged an upfront fee nor any ongoing fee.
Steward Technologies is not a registered broker-dealer or financial adviser. We do not provide financial advice or recommendations regarding loans, short-term loans, or participation in loans; any information or representations made on the Site do not constitute financial advice or recommendations. Steward Technologies does not generate any revenue tied to any Loans offered, nor do we issue securities or receive compensation from the sale of any interests in Loans on this Site. However, Steward Lending LLC, an affiliate of Steward Technologies, earns a loan origination fee for every Loan made, which is paid by the Borrower at loan settlement. All offerings on this site are the responsibilities of the individual Borrowers, not Steward Technologies.
This Site, any Loan Agreements, and other information by Borrowers through this Site may contain forward-looking statements and information relating to the Borrowers on this Site, among other things, their business plan, strategy, and industry. These statements reflect the Borrower’s managements’ current views with respect to future events based on information currently available and are subject to risks and uncertainties that could cause the companies’ actual results to differ materially. Lenders are cautioned not to place undue reliance on these forward-looking statements as they are meant for illustrative purposes and they do not represent guarantees of future results, levels of activity, performance, or achievements, all of which cannot be made. Moreover, no person or entity assumes responsibility for the accuracy and completeness of forward-looking statements, and is under no duty to update any such statements to conform them to actual results. Except as required by law, no Borrower on this Site nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements. The Borrowers undertake no obligation to update publicly any forward-looking statements for any reason to conform these statements to actual results or to changes in their expectations.
Loan participation and Short-Term Loan opportunities on our Site by Borrowers are intended only for Lenders who are able to bear the potential loss of the entire amount of their loan. All Loans on this Site are being listed by, and all information included on this site are the responsibility of, the applicable Borrower. Steward Technologies is the owner and provider of the Site; it has not taken any steps to verify the adequacy, accuracy or completeness of any information. This responsibility lies with the Borrower. Neither Steward Technologies nor any of its officers, directors, employees, agents, affiliates or representatives make any warranty, express or implied, of any kind whatsoever related to the adequacy, accuracy or completeness of any information on this Site, or the use of information on this Site. Lenders are responsible for conducting, and may rely only upon, any legal, accounting or due diligence review they decide is appropriate.
Notwithstanding the foregoing, each Borrower is responsible for ensuring that any information it posts on the Site is complete, accurate and not otherwise misleading. Users of the Site acknowledge that Steward Technologies is not liable to and will not verify or investigate the accuracy and completeness of the offering material and other information posted on the Site. Users understand, acknowledge and agree that other parties are relying on the statements made herein and that any willfully false statement is sufficient cause for removal from the Site and rejection of status as an eligible Borrower, and constitutes grounds for other legal causes of action.
The Loans listed on the Site are only suitable for prospective Lenders who are familiar with and willing to accept the high risks associated with making short-term loans and loan participations, including the risk of complete loss. Loan participations and Short-Term Loans sold through the Site are non-transferrable and are not without risk. Making a short-term loan or participating in a loan requires high risk tolerance and low need for liquidity. Users must be able to afford to lose their entire principal amount. The Loans being offered have not been registered under the Securities Act in reliance, as the Loans listed on the Site are not securities of any kind. No governmental agency has reviewed the offerings posted on this Site and no state or federal agency has passed upon either the adequacy of the disclosure contained herein or the fairness of the terms of any Loan.
Please be aware that Steward Technologies will fully cooperate with any law enforcement authorities’ validly issued court orders and subpoenas requesting or directing Steward Technologies to disclose the identity of anyone posting any information or materials on the Site who is alleged to have engaged in violative conduct and assumes no obligation to give you prior notice of such disclosure.
Loans may have online communication channels that are monitored. These communication channels are for the purpose of prospective Lenders engaging in dialog with each other and the Borrower in any particular Loan. Borrowers are encouraged to participate in the communication channels so long as comments adhere to the following guidelines. The following types of comments are not permitted and will be removed:
To the extent permissible under law, Steward Technologies does not assume any liability or responsibility for any errors or omissions in the content of the Site. Steward Technologies does not endorse or represent the completeness, reliability or accuracy of any content or information distributed through or accessed from the Site and has not performed any investigation into such information. Steward Technologies shall not be liable for any financial decisions made that are based upon such information. You agree that any reliance upon any content or information distributed through or accessed from the Site is at your sole risk. Steward Technologies is entitled to rely upon the information provided by its Users. You acknowledge and agree that Steward Technologies does not provide any representation, warranty or assurance that the Loans on the Site are made in accordance with State and/or Federal law. Each Borrower, and not the Site, is responsible for ensuring that any Loan is made in accordance with any applicable State and Federal law and regulations. We make no representation or warranties regarding the legality or compliance of any Loan to State or federal law. Steward Technologies has not reviewed all of the links provided on the Site and is not responsible for the content of any off-Site pages. Clicking on hyperlinks and visiting any off-Site pages is solely done at your own risk.
We respect the intellectual property of others, and we ask you to do the same. If you or any user of our Site believes its copyrights have been infringed upon on or through our Site, the copyright(s) owner(s) (“Complaining Party”) should send notification to our Designated Agent (as identified below) immediately. To be effective, the notification must include:
Pursuant to the Digital Millennium Copyright Act, 17 U.S.C. § 512(c) (“DMCA”), Steward Technologies’ Designated Agent for notice of claims of copyrights infringement can be contacted at the following address:
Designated Agent for Claimed Infringement:
Steward Technologies LLC
Attn: DMCA Designated Agent
Postal Address: 228 Park Ave S #41153, New York, NY 10003
E-mail address: email@example.com
Your use of the Site is at your own risk. NEITHER STEWARD TECHNOLOGIES NOR ANY OTHER PARTY INVOLVED IN CREATING, PRODUCING, OR DELIVERING THE SITE SHALL BE LIABLE FOR ANY DIRECT, INCIDENTAL, CONSEQUENTIAL, INDIRECT OR PUNITIVE DAMAGES ARISING OUT OF YOUR ACCESS TO, OR USE OF, THE SITE. WITHOUT LIMITING THE FOREGOING, EVERYTHING ON THE SITE IS PROVIDED TO YOU “AS IS” WITHOUT WARRANTY OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON-INFRINGEMENT. Please note that some jurisdictions may not allow the exclusion of implied warranties, so some of the above exclusions may not apply to you. Check your local laws for any restrictions or limitations regarding the exclusion of implied warranties. Steward Technologies assumes no responsibility for, and shall not be liable for, any damages to, or viruses, malware, spyware, bots or the like that may infect your computer equipment or other property on account of your access to, use of, or browsing on the Site, or your downloading of any materials, data, text, images, video, or audio from the Site. Although Steward Technologies may from time to time monitor or review discussions, postings, transmissions, and the like on the Site, Steward Technologies is under no obligation to do so and assumes no responsibility or liability arising from such content nor for any error, defamation, libel, slander, omission, falsehood, obscenity, profanity or inaccuracy contained in any information within such locations on the Site. Steward Technologies reserves the right to remove any content from the Site or to restrict access to the Site for any reason without notice.
The Site is made available only to U.S. Persons. If you choose to access information or Loans on this Site, it is your responsibility to comply with the applicable local, national or international laws. If you are a non-U.S. Person, any use of this Site is entirely at your own risk. Participation in the Loans or Short-Term Loans listed on this Site can be sold only in certain jurisdictions. You acknowledge and agree that it is solely your responsibility to be aware of applicable laws and regulations of your Country and State of residence. THE CONTENT PROVIDED ON THIS SITE DOES NOT CONSTITUTE AN OFFER OR SOLICITATION TO EXTEND SHORT-TERM LOANS OR PARTICIPATE IN LOANS REFERRED TO ON THIS SITE, BY ANYONE IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR DISTRIBUTION WOULD BE UNLAWFUL OR IN WHICH THE PERSON MAKING SUCH OFFER OR SOLICITATION IS NOT QUALIFIED TO DO SO OR TO ANYONE TO WHOM IT IS UNLAWFUL TO MAKE SUCH OFFER OR SOLICITATION. This Site is not directed at you if we are prohibited by any law of any jurisdiction from making the information on this Site available to you. You should satisfy yourself before accessing the Site that we would be allowed to offer short-term loans or loan participations to you under the law of the jurisdiction in which you reside. It is your responsibility to be aware of and to observe all applicable laws and regulations of any relevant jurisdiction, including the one in which you reside.