Terms & Conditions
Owner / Principle is identified as "applicant" on this application in representing and agreeing that: (1) All requested information and documents provided to the "representative" including business / merchant bank statements, and or credit card processor statements are true, accurate, current, and complete. (2) During the application process applicant(s) will immediately notify the representative of any changes in such information of their financial condition. (3) Applicant authorizes the representative to disclose all received information and documents to "assignee" entities leading to the obtaining of detailed but not limited information from the institutional credit reporting agencies: (Equifax®, Experian®, and TransUnion®) in processing of the business financing application for verification in acquiring a commercial loan(s) including merchant cash advance transactions that encompass daily repayment features and or purchases of future receivables. Each assignee is authorized to discretionary use such information and documents with other designated assignees, in connection with the potential merchant financing transaction(s). (4) The representative and assignee will rely upon accuracy and completeness of such reported information and documents. (5) The representative, assignee and each of their representatives, successor assigns and designates recipients are authorized to request and receive any information that a recipient deems necessary in processing the application. (6) Applicant waives and releases any claims against representatives, assignees, recipients, and any information providers arising from any act or omission relating to the requesting, receiving or release of information, and (7) Owner / Principle represents that he or she is legally authorized to sign this form on behalf of the applying merchant. A (electronic) copy of this authorization may be accepted as an original loan application. The term representative shall mean any funding source looking to other(s) commercial and or private otherwise, make available and or provide to the business access to loans and or merchant cash advances based on such merchant future receivables, sales or structured transactions with a periodic repayment feature to funding entities.
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