By accessing and using this website and services offered by Kabal Capital, Kabal Trade Finance, and/or Kabal Bridge SA de CV, you agree to be legally bound by these Terms and Conditions in their entirety. If you do not agree with these terms, you must refrain from using our services and website.
1. ACCEPTANCE OF TERMS
By accessing and using this website and services offered by Kabal Capital, Kabal Trade Finance, and/or Kabal Bridge SA de CV (hereinafter "Kabal", "we", "our"), you ("the Client", "the User", "you") agree to be legally bound by these Terms and Conditions in their entirety.
If you do not agree with these terms, you must refrain from using our services and website.
IMPORTANT NOTICE: Kabal Capital (Honduras) and Kabal Bridge SA de CV (El Salvador) are registered non-bank lenders in their respective countries. Kabal Bridge SA de CV also holds Digital Asset Service Provider License No. PSAD-0056 issued by the National Digital Assets Commission (CNAD). Kabal Trade Finance is a company incorporated in Panama that operates exclusively outside Panama. None of these entities are banking institutions.
2. DEFINITIONS
For purposes of this document, the following definitions are established:
• Loan: Amount of money that Kabal grants to the Client under agreed terms.
• Borrower/Client: Natural or legal person who applies for and receives a loan from Kabal.
• Credit Line: Maximum approved amount from which the Client can withdraw multiple times.
• Guarantee/Collateral: Goods or documents that back the loan.
• Bill of Lading (BL): Shipping document that serves as collateral in Trade Finance.
• Factoring: Cash advance against accounts receivable.
• Default: Delay in fulfilling payment obligations.
• APR: Annual Percentage Rate.
3. ENTITIES AND JURISDICTIONS
3.1 Kabal Capital (Honduras)
• Jurisdiction: Republic of Honduras
• Entity type: Non-bank lender
• Products: Flex Line, Grow Loan, Cash (Factoring)
• Address: San Pedro Sula, Cortés, Honduras
• Applicable regulation: Commercial and civil laws of Honduras
3.2 Kabal Trade Finance (Panama)
• Jurisdiction: Incorporated in Republic of Panama
• Entity type: Panamanian company for international operations
• Products: Trade Finance with Bill of Lading guarantee
• Operations scope: Exclusively outside Panama (international operations)
• Legal note: Does not require lender registration in Panama as it operates only outside Panamanian territory
• Applicable regulation: Laws of the country where operations are executed
3.3 Kabal Bridge SA de CV (El Salvador)
• Jurisdiction: Republic of El Salvador
• Entity type: Non-bank lender and Licensed Digital Asset Service Provider
• Products: Business loans and digital asset services
• Digital Assets License: No. PSAD-0056 issued by CNAD
• Previous name: Crossbridge Technologies El Salvador, S.A. de C.V.
Services Authorized under License PSAD-0056:
a) Exchange of digital assets for fiat money or other digital assets
d) Place digital assets on platforms or digital wallets
f) Operations performed on behalf of third parties:
(i) Transfer digital assets
(ii) Safeguard, custody, or manage digital assets
(iii) Receive and transmit buy or sell orders
Restrictions: Cannot trade assets with limited traceability (Monero, ZCash).
4. PRODUCTS AND SERVICES
4.1 Flex Credit Line
Characteristics:
• Amount: $1,000 - $25,000 USD
• Term: 12 months automatically renewable
• Interest rate: 1.8% - 3.5% monthly (21.6% - 42% APR)
• Use: Multiple withdrawals as needed
• Payment: Interest charged only on amount used
Requirements:
• Company with minimum 6 months of operation
• Minimum monthly sales: $3,000 USD
• Minimum credit score according to AI evaluation
• Company legal documentation
4.2 Grow Business Loan
Characteristics:
• Amount: $5,000 - $100,000 USD
• Term: 6 - 36 months
• Interest rate: 1.8% - 3.5% monthly (21.6% - 42% APR)
• Collateral: Adjusted to payment capacity
• Payment: Fixed monthly installments
Requirements:
• Company with minimum 12 months of operation
• Financial statements for last 2 years
• Projected cash flow
• Collateral according to requested amount
4.3 Cash (Digital Factoring)
Characteristics:
• Amount: $10,000 - $500,000 USD
• Advance: Up to 85% of invoice value
• Term: According to invoice maturity (30-90 days)
• Commission: 2% - 4% of invoice amount
• Payment: Upon collection of invoices
Requirements:
• Company with minimum 24 months of operation
• Invoices issued to reliable clients
• Minimum monthly sales: $25,000 USD
• Diversified client portfolio
4.4 Trade Finance
Characteristics:
• Amount: $25,000 - $500,000 USD
• Term: 30 - 180 days
• Rate/Commission: 2.5% - 4% per operation
• Collateral: Original Bill of Lading (BL)
• Coverage: 80% - 90% of merchandise value
Specific Requirements:
• Original and clean Bill of Lading
• Commercial invoice
• Packing list
• Certificate of origin (if applicable)
• Merchandise insurance
• Import/export history
5. APPLICATION AND APPROVAL PROCESS
5.1 Application
The Client must complete the online application form providing truthful and complete information about:
• Company data (legal name, tax ID, sector, age)
• Financial information (sales, financial statements)
• Legal representative data
• Amount and purpose of financing
• Supporting documentation
5.2 Evaluation
Kabal uses artificial intelligence technology and alternative data analysis to evaluate:
• Business payment capacity
• Credit history (if exists)
• Projected cash flow
• Business stability
• Economic sector and trends
• Commercial references
5.3 Approval
Approval times vary by product:
• Flex Line: 24 hours
• Grow Loan: 48-72 hours
• Cash (Factoring): 24-48 hours
• Trade Finance: 48-72 hours
IMPORTANT: Approval is subject to satisfactory document verification and compliance with minimum requirements. Kabal reserves the right to reject any application without need for detailed explanation.
5.4 Disbursement
Once the loan is approved and contract signed, disbursement is made via direct bank transfer to Client's account within 24-48 business hours.
6. RATES, COMMISSIONS AND CHARGES
6.1 Rate Structure
Flex Line: 1.8% - 3.5% monthly (21.6% - 42% APR)
Grow Loan: 1.8% - 3.5% monthly (21.6% - 42% APR)
Cash (Factoring): 2% - 4% of amount (Variable by term)
Trade Finance: 2.5% - 4% per operation (Variable by term)
6.2 Additional Commissions
• Origination fee: Up to 2.5% of approved amount (charged once)
• Early payment fee: 0% - Client can prepay without penalty
• Renewal fee: 1% of outstanding balance (Flex Line)
• Late fee: 2% monthly on overdue balance + current interest
• Collection management fee: Up to 5% of overdue balance after 30 days
6.3 Interest Calculation
Interest is calculated on remaining balance for fixed installment products, and on withdrawn balance for revolving credit lines. The calculation method is simple daily interest over 365 days.
7. GUARANTEES AND COLLATERAL
7.1 Types of Accepted Guarantees
• Trade Finance: Original Bill of Lading (shipping document)
• Factoring: Accounts receivable from verified clients
• Business loans: Movable property, real estate, inventory, accounts receivable
• Personal guarantees: Joint guarantors when required
7.2 Requirements for Trade Finance (BL)
CRITICAL FOR TRADE FINANCE:
• Only ORIGINAL and clean Bills of Lading are accepted (no annotations)
• BL must be in Client's name or properly endorsed
• Kabal retains original BL until full loan cancellation
• Formal notification to shipping company about BL retention
• Client CANNOT withdraw merchandise without express authorization from Kabal
• Merchandise must be insured against all risks
7.3 Collateral Valuation
Collateral is valued conservatively:
• Trade Finance: 80-90% of CIF value of merchandise
• Factoring: 85% of invoice value
• Real estate: 70% of commercial appraisal value
• Inventory: 50-70% of market value
8. CLIENT OBLIGATIONS
8.1 Payment Obligations
• Make payments punctually on agreed dates
• Maintain sufficient funds in bank account for automatic debits (if applicable)
• Notify any payment difficulty at least 7 days in advance
• Pay interest, commissions and charges according to contract
8.2 Information Obligations
• Provide truthful and updated information at all times
• Notify changes in company's financial situation
• Allow collateral inspections when Kabal requires
• Deliver updated financial statements semi-annually (loans >$50,000)
8.3 Specific Obligations in Trade Finance
• Deliver original Bill of Lading before disbursement
• Provide all import documentation
• Maintain merchandise insurance in force
• Not attempt to withdraw merchandise without Kabal authorization
• Immediately notify any problem with shipment
9. DEFAULT AND COLLECTION
9.1 Definition of Default
Any payment not made on the date established in the contract is considered in default. Default begins automatically the day after due date without need for requirement.
9.2 Consequences of Default
• Default interest of 2% monthly on overdue balance
• Report to credit bureaus after 30 days of default
• Suspension of revolving credit lines
• Start of administrative collection process
• Possible execution of collateral after 60 days
• Collection management charges (up to 5% of overdue balance)
9.3 Collection Process
Days 1-15: Friendly reminders via email, SMS and WhatsApp
Days 16-30: Phone calls and formal written communication
Days 31-60: In-person visits and payment plan negotiation
Days 61+: Start of legal actions and/or collateral execution
9.4 Collateral Execution
In case of prolonged default (more than 60 days), Kabal has the right to:
• Execute pledge or mortgage guarantees
• Sell merchandise backed by BL (Trade Finance)
• Collect directly from invoice debtors (Factoring)
• Initiate legal collection actions
• Report to authorities in case of fraud
10. KABAL'S RIGHTS
Kabal reserves the following rights:
• Reject any loan application without detailed explanation
• Modify interest rates in renewals according to market conditions
• Suspend or cancel credit lines if deterioration in Client's situation is detected
• Request additional collateral if situation warrants
• Inspect collateral at any time
• Offset debts between different products of same Client
• Assign or sell loan portfolio to third parties
11. CLIENT RIGHTS
The Client has the following rights:
• Receive clear information about rates, commissions and loan terms
• Make early payments without penalty
• Know account status at any time
• Receive monthly account statements
• File complaints and claims through official channels
• Request rectification of erroneous credit information
• Revoke automatic debit authorizations with 15 days notice
12. DATA PROTECTION AND PRIVACY
Personal data processing is governed by our Privacy Policy. By accepting these terms, the Client expressly authorizes Kabal to:
• Collect, store and process personal and financial information
• Consult credit bureaus and commercial references
• Report credit information to authorized bureaus
• Share information with regulatory entities when required
• Use data for risk analysis and service improvement
13. DISPUTE RESOLUTION
13.1 Jurisdiction
Any controversy will be resolved according to the jurisdiction where the lending entity operates:
• Kabal Capital (Honduras): Courts of San Pedro Sula, Honduras
• Kabal Trade Finance (Panama): Courts of the country where Trade Finance operation is executed (Honduras, El Salvador, Guatemala, etc.). Operations are governed by laws of the country where financing is carried out, not by Panamanian laws, given that Kabal Trade Finance operates exclusively outside Panama.
• Kabal Bridge SA de CV (El Salvador): Courts of San Salvador, El Salvador
13.2 Arbitration
The parties agree to attempt to resolve any dispute through mediation before going to court. If mediation fails, they will submit to arbitration according to the rules of the corresponding country's chamber of commerce.
14. MODIFICATIONS
Kabal reserves the right to modify these Terms and Conditions at any time. Modifications will take effect 30 days after publication on the website. Existing contracts will be governed by terms in force at time of signing, unless applicable laws require retroactive application of new conditions.
15. GENERAL PROVISIONS
15.1 Independence of Clauses
If any provision of these terms is declared invalid, the other provisions will remain in full force.
15.2 Waiver
Failure to exercise any right by Kabal does not constitute a waiver of such right.
15.3 Notifications
All notifications will be made to email and physical addresses provided by Client. It is Client's responsibility to keep contact information updated.
15.4 Language
These terms are written in Spanish. In case of translation to other languages, the Spanish version shall prevail.
16. CONTACT
For inquiries about these terms, contact:
Email: [email protected]
Phone: +1 (786) 450-3799
Address: San Pedro Sula, Honduras
Hours: Monday to Friday, 8:00 AM - 5:00 PM
FINAL STATEMENT: By using Kabal's services, you declare that you have read, understood and accepted these Terms and Conditions in their entirety. If you have questions about any aspect, we recommend seeking independent legal advice before contracting our services.