Agreements With Partners - Financing Application
Terms from our partners,
Application Terms. I understand this is an application for business credit or leasing ("Application"). By submitting this Application, I hereby authorize, represent, warrant and agree as follows to:
(1) LendEdge and CIT Bank, a division of First-Citizens Bank & Trust Company, and their affiliates, officers, employees, directors and agents (collectively, "CIT"); and
(2) Third party funding sources or assignees of CIT who may consider extending credit or leasing to my company or investing in my company’s credit or lease, such as (a) third party funding sources or assignees of CIT that may purchase my company’s credit or lease from CIT, (b) third party funding sources to whom CIT may refer this Application and my company’s request for credit or leasing, or (c) third party funding sources in which First-Citizens Bank & Trust Company or an affiliate of First-Citizens Bank & Trust Company may invest who may consider extending credit or leasing to my company (collectively, "Permitted Parties").
Information contained in this Application may have been obtained and entered by the vendor at the request of and on behalf of the applicant(s) identified in this Application. If so, by submitting this Application the vendor represents and warrants to CIT that: (1) the applicant has requested business credit or leasing; (2) the applicant, the principal(s) and any guarantor(s) have authorized CIT to obtain consumer reports on the principal(s) and any guarantor(s), investigate references and make other credit inquiries about the principal(s), any guarantor(s) and/or the applicant; (3) that the vendor has received this information from the applicant, the principal(s) and any guarantor(s) directly; (4) the vendor is authorized by the applicant, the principal(s) and any guarantor(s) to provide this information to CIT; (5) the vendor has made the applicant, the principal(s) and any guarantor(s) aware of this Application’s terms and conditions; and (6) all information provided by the vendor is true, correct and complete.
EQUAL CREDIT OPPORTUNITY ACT NOTICE.
The federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract); because all or part of the applicant's income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The federal agency that administers compliance with this law concerning this creditor is the Bureau of Consumer Financial Protection, 1700 G Street NW, Washington DC 20006.
If your Application is denied, you have the right to a written statement of the specific reasons for the denial. To obtain the statement, please contact Credit Department c/o CIT Bank, a division of First-Citizens Bank & Trust Company, P.O. Box 550599, Jacksonville, FL 32255, telephone number (904) 380-9283 within 60 days from the date we notify you of our decision. We will send you a written statement of the reasons for the denial within 30 days of receiving your request for the statement.
IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT
To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person or entity opening an account or establishing a credit relationship with the financial institution, and key individuals who own or control a legal entity (i.e., the beneficial owners). Requiring these disclosures helps law enforcement investigate and prosecute these crimes. This requirement applies to CIT Bank, a division of First-Citizens Bank & Trust Company.
What this means for you: If you are an individual, when you open an account or apply for credit, we will ask for your name, address, date of birth, social security number ( SSN is used for identification purposes only, unless authorizing personal credit review for a guaranty ), and other information that will allow us to identify you. We may ask to see your driver’s license or other identifying documents. If you are a business or entity, we will ask for information about your entity, including its tax identification number, address, and documents evidencing legal incorporation, formation or existence. We may also request information about your owners, directors and executive officers, and guarantors.
(a) I, [Owner 1], authorize CIT and the Permitted Parties, as part of this Application or related to this Application, to obtain consumer reports on me, investigate references and make other credit inquiries about me and/or my company, and anyone so contacted may release information to CIT and the Permitted Parties; (b) if I have filed this Application in the name of a corporation, limited liability company, partnership or other form of business organization, I repeat the authorizations contained in this Application with respect to me individually; and (c) I have read, agree to and confirm all of the representations, warranties, terms and conditions of this Application.
You may not submit this form unless you agree to our terms and conditions, which are as follows: I hereby certify that the information contained in this file is true and accurate and I hereby authorize our banks, funding sources, credit reporting agencies, and other institutions the right to release credit information to Beacon Hill Funding, Inc. or their designee. The applicant, owner(s) and guarantor (if any) authorize Beacon Hill Funding, Inc. or its designee(s) or assignee(s) to obtain any information it may request from any business or consumer reporting agencies or other sources that provide credit reports, account history information, credit and employment history or similar information; such authorization shall extend to update renewal or credit and for reviewing and collecting the account.
By submitting an Application, You (“Applicant”) represent and warrant that this Application is for business purposes only and not for personal, family, or household purposes. You further represent and warrant that all information provided is true and correct. You hereby authorize NewLane Finance Company and its designee, affiliates, assigns or potential assigns and their affiliates (collectively, "Lenders") to obtain information from credit bureaus and other third parties it deems necessary to arrive at a decision regarding this Application, including credit checks. The Applicant and individual(s) as principal of and/or guarantor for the applicant, authorize all such Lenders to review and share the personal credit profile provided by credit bureau in considering this Application and for the purpose of update, renewal, or extension of credit to the Applicant or the collection of any accounts. You agree that a digital, facsimile, or other copy of this Application shall be treated as an original and will be admissible as evidence of this Application.
To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who enters into a lease or financing agreement. This means that when you enter into a lease or financing agreement, we may ask for, among other things: your federal tax identification number, your name, your date of birth, your address, and any other information as reasonably necessary. We may also ask to see identifying documents.
Adverse Action & Equal Credit Opportunity Act. If this application for business credit is denied, you have a right to a written statement of the specific reasons for the denial. To obtain the statement, please contact NewLane Finance Company within 60 days from the date you are notified of our decision. Our mailing address is 123 S. Broad Street, 17th Floor, Philadelphia, PA 19109. We will send you a written statement of reasons for denial within 30 days of receiving your request for the statement. The federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, gender, marital status, age (provided the applicant has the capacity to enter into a binding contract); because all or part of the applicant's income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The federal agency that administers compliance is the Consumer Finance Protection Bureau, 1700 G St. N.W. Washington, D.C. 20006.