The undersigned certifies that all statements in this application and each document required to be submitted in connection herewith, including Federal Income Tax Returns are true, correct and complete. The undersigned authorize all employment information, deposits, checking and/or savings accounts, obligations, borrowing information and all other credit information to be released by telephone, email or fax to Lender/Broker, its successors and/or assignees, or any credit reporting bureau. Your signature below acts not only under your authority and capacity within the entity you represent in making this business credit application; but also is an effective waiver and consent to Lender/Broker, its successors and/or assignees to verify any information it deems necessary on you as an individual to include, but not limited to, your individual credit bureau information.
Each of the undersigned is a principal, a personal guarantor or the sole proprietor of the Applicant and acknowledges that his or her individual credit history may be a factor in the evaluation of the credit history of the applicant. Accordingly, the undersigned hereby consents and authorizes Lender/Broker, its successors and/or assignees to rely on such statements, make such inquiries and gather such information as it deems necessary to verify any information provided to Lender/Broker, its successors and/or assignees on this application or any such required document, including inquiries to the IRS, business credit reporting and credit bureau agencies, and further authorizes Lender/Broker, its successors and/or assignees or its designee the use of a consumer credit report on the undersigned, from time to time as may be needed. The authorization must allow pulling the individual's credit bureau for three reasons: 1) this application, 2) update/extension/renewal of this credit, and 3) collection efforts on the resulting account. A fax or photocopy of this authorization shall be valid as the original. The undersigned further agrees to notify Lender/Broker, its successors and/or assignees promptly of any material change in such information.
Commercial Use: The undersign certifies that any property and or proceeds from the proposed loan request will be used by the applicant for business or commercial purposes only and not for any personal, family, or household purpose, and that the proposed request would constitute a business or commercial loan, which is exempted from the disclosure requirements of (Regulation Z) Truth in Lending of the Board of Governors of the Federal Reserve System. The applicant agrees to indemnify and hold harmless from any and all claims, loss, or damage resulting or caused by this request, being subject to any provisions of the Federal Consumers Credit Protection Act (Truth in Lending Act) and Regulation Z of the Board of Governors of the Federal Reserve System. The undersigned certifies that he/she has full authority to act on behalf of applicant in connection with the above referenced credit request. Products may not be available in all areas. Credit availability is subject to approval. Products may be modified based on requirements.
Each Proprietor, General Partner, Limited Partner, Manager or Stockholder owning 20% or more, and each Guarantor must sign.
