
Terms & Conditions for Business Owners Applying for Funding
By submitting an application for SBA business funding, the Business Applicant, and each individual Signer represented, acknowledges as follows:
i) The Business Applicant is authorized on behalf of the business & its owners, whose names are entered previously in this application, to initiate the pre-qualification process for credit or funding.
ii) Additionally you acknowledge all the information provided is true, correct, and complete, and you will notify us of changes to such information.
iii) Signer understands and agrees that Block Equity Group and its affiliates are authorized to contact third parties to conduct background checks, credit reports, and other investigative reports.
iv)Signer understands that applications for alternative funding solutions may be created on your behalf, exclusively for the purposes of obtaining the business funding being requested (such as creating a Factoring application from your SBA Loan application, should both be relevant to your funding goals.
y signing below, you are further providing "written instructions" to Block Equity Group and its affiliates to obtain information from your personal and business credit profiles, as owners/signers, to conduct a qualification for credit or funding for your business.
iv) You agree & consent that your electronic signature has the same legal & moral effect as if you had signed such documents in ink and will be deemed valid, authentic, enforceable, and binding. Pursuant to laws & regulations, you agree & acknowledge that all electronic communications shall be given the same legal effect as signed paper communications.
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By submitting an application for a Merchant Cash Advance, the Business Applicant acknowledges as follows:
By signing above, each of the above listed business and business owner/officer (individually and collectively, “you”) authorize Block Equity Group. and each of its representatives, successors, assigns and designees (“Recipients”) that may be involved with or acquire commercial loans having daily/or other repayment features or purchases of future receivables including Merchant Cash Advance transactions, including without limitation the application therefor (collectively, “Transactions”) to obtain consumer and/or personal, business and investigative reports and other information about you, including credit card processor statements and bank statements, from one or more consumer reporting agencies, such as Transunion, Experian, Equifax, and from other credit bureaus, banks, creditors and other third parties. You also authorizeBlock Equity Group to transmit this application form, with any of the foregoing information obtained in connection with this application, to any or all of the Receipients for the foregoing purposes. You also consent to the release, by any creditor or financial institution, of any information relating to any of you, to Block Equity Group and to each of the Recipients, on its own behalf. I am providing my business cell phone and business e-mail address and hereby consent to the receipt of correspondence/messages regarding transactions with Block Equity Group and/or its affiliates on either medium. I also hereby consent to the receipt of text messages knowing messages and data rates may apply. I understand that consent to receive texts is not a condition of approval. I can expect approximately 10 messages/month. I/we certify that all the information contained herein is complete, true and accurate.