By checking here and signing, The Merchant and Owner(s)/Officer(s) identified above (individually, an “Applicant”) each represents, acknowledges and agrees that
(1) I/we have authorized American Business Funders LLC ("ABF") to submit an application to the financing sources with whom it works for a small business loan on his/her/their behalf and on behalf of the business identified above;
(2) all information and documents provided to American Business Funders including credit card processor statements are true, accurate and complete;
(3) Applicant will immediately notify all funders of any change in such information or financial condition;
(4) Applicant authorizes ABF and its funding sources to disclose all information and documents that MFS may obtain including credit reports to other persons or entities (collectively, "Assignees") that may be involved with or acquire commercial loans having daily repayment features or purchases of future receivables including Merchant Cash Advance transactions, including without limitation the application therefor (collectively, "Transactions") and each Assignee is authorized to use such information and documents, and share such information and documents with other Assignees, in connection with potential Transactions;
(5) each Assignee will rely upon the accuracy and completeness of such information and documents;
(6) ABF, Assignees, and each of their representatives, successors, assigns and designees (collectively, “Recipients”) are authorized to request and receive any investigative reports, credit reports, statements from creditors or financial institutions, verification of information, or any other information that a Recipient deems necessary;
(7) Applicant waives and releases any claims against Recipients and any information-providers arising from any act or omission relating to the requesting, receiving or release of information; and
(8) each Owner/Officer represents that he or she is authorized to sign this form on behalf of Merchant.
(9) I/we understand and agree that as part of that application process, these financing sources have my/our written permission to obtain consumer or personal and business credit reports, references, and other information about my/our and my/our business from credit bureaus and other third parties. I/We understand and agree that the same financing sources also have written permission to perform such inquiries when I/we submit my/our loan application, while the financing sources underwrite my/our business loan, during the closing of my business loan, and at various times during the term of my/our business loan in connection with its servicing, collection or enforcement. I/We further authorize the financing sources with whom American Business Funders LLC works to verify information in my/our credit report or otherwise submitted in connection with my/our loan application, and agree that the financing source may contact third parties to confirm any such information. I/We understand that nothing herein commits the financing source to making a loan.