Business Funding Application

Business Funding Application and Agreement

Parties and Recitals

This Business Funding Application and Agreement (the Agreement) is submitted by Applicant and, if approved, will be executed by Funder. Applicant and Funder are collectively referred to as the Parties.

WHEREAS, Applicant seeks funding to finance business operations, growth initiatives, or capital expenditures in the ordinary course of business; and

WHEREAS, Funder has established underwriting criteria and, subject to verification of the representations and covenants contained in this Agreement and satisfaction of the conditions precedent, may provide funding on the terms set forth herein; and

WHEREAS, Applicant submits the following information and authorizations to enable Funder to evaluate the request and, if approved, to document the funding arrangement.

Applicant Identification

Business Details

Funding Request

Requested Principal Amount: $

Financial Information

Scope of Work

Scope of Work: Applicant shall use funds only for the activities described below. Applicant authorizes Funder to verify application information and to monitor compliance with the stated use of proceeds.

Payment Terms

Principal Amount upon Funding: $

Interest / Fee Rate:

Late Payment Fee:

Disbursement Schedule:

Term and Termination

Term Commencement Date:    Term Expiration Date:

Either Party may terminate this Agreement for material breach following written notice and a cure period of days. Termination shall be without prejudice to accrued rights and obligations.

Confidentiality

Each Party will treat as confidential all non-public information disclosed by the other Party in connection with this Application and Agreement ("Confidential Information"). Confidential Information will not include information that: (a) was known prior to disclosure; (b) becomes publicly known through no fault of the receiving Party; (c) is rightfully received from a third party without breach of any obligation of confidentiality; or (d) is independently developed without use of Confidential Information.

The receiving Party shall (i) use Confidential Information solely to evaluate or perform under this Agreement, (ii) limit access to employees, agents or advisors who have a need to know and who are bound by confidentiality obligations, and (iii) promptly return or destroy Confidential Information at the disclosing Party's request. Breach may give rise to injunctive relief in addition to other remedies.

Representations, Warranties and Covenants

Applicant represents and warrants that the information provided in this Application is true, complete and accurate; that Applicant has full authority to execute this Agreement and to grant any security interests described herein; and that no material adverse changes to Applicant's business or finances have occurred since the date of the financial statements provided to Funder. Applicant covenants to provide requested documentation and to notify Funder promptly of any material adverse change.

Governing Law

This Agreement will be governed by and construed in accordance with the laws of without regard to its conflicts of laws provisions.

Entire Agreement

This Agreement, together with any written funding approval, schedules, or security documentation executed by the Parties, constitutes the entire agreement between the Parties with respect to the subject matter and supersedes all prior understandings and agreements, whether written or oral.

Certifications and Authorization

By signing below, Applicant certifies that the information contained in this Application is true and correct to the best of Applicant's knowledge, that Applicant has not omitted material information, and that Applicant authorizes Funder and its agents to verify any information provided and to obtain credit and background checks as permitted by law. Applicant further acknowledges that any willful misrepresentation may constitute fraud and may result in criminal or civil penalties.

Sign Now