Client Information LOC Form

Client Information LOC Form

Parties and Recitals

Client Name:

Lender Name:

WHEREAS, Client seeks a revolving line of credit for business purposes and has provided information necessary for the Lender to evaluate creditworthiness;

WHEREAS, Lender is willing to provide a line of credit to Client on the terms and conditions set forth in this Agreement and consistent with Lender's credit policies; and

WHEREAS, the parties wish to record the Client's information, the material terms of the proposed line of credit, and the representations and certifications required by Lender.

Client Details

Individual    Corporation    LLC    Partnership    Other:

Line of Credit Terms

Scope of Work

The Lender shall evaluate Client's financial information, underwrite the requested credit limit, and, if approved, make credit available on terms set forth herein. Client shall provide requested documentation and cooperate with due diligence.

Payment Terms

Interest Rate (annual):

Late Fee:

Payment Application Priority: All payments shall be applied first to fees, then interest, then principal unless otherwise agreed in writing.

Term and Termination

Effective Date:     Expiration Date:

Representations, Warranties and Certifications

Client represents and warrants that the information provided to Lender in connection with this Line of Credit is true, complete and accurate in all material respects, and that there are no undisclosed liabilities that would materially impair Client's ability to perform under this Agreement.

Client hereby certifies authorization for Lender to obtain credit reports and to verify financial information with third parties as necessary for underwriting. Client further agrees to provide updated financial statements upon request.

Client consents to Lender's credit inquiry and verification of references and financial records.

Confidentiality

Each party agrees that Confidential Information disclosed pursuant to this Agreement shall be used solely for purposes of evaluating, establishing and administering the Line of Credit. "Confidential Information" includes non‑public financial data, business plans, customer lists and other proprietary information. Confidential Information does not include information that (i) is or becomes generally available to the public other than through breach of this Agreement, (ii) was rightfully known by the receiving party prior to disclosure, or (iii) is required to be disclosed by law, provided that the disclosing party is given prompt notice and an opportunity to seek protective relief.

This confidentiality obligation survives termination of the Line of Credit for a period of three (3) years, except with respect to trade secrets which shall be protected to the extent permitted by law.

Governing Law and Dispute Resolution

This Agreement shall be governed by and construed in accordance with the laws of the State of without regard to principles of conflicts of law. Any dispute arising out of or relating to this Agreement shall be resolved through the courts located within that State, unless the parties mutually agree in writing to arbitration.

Entire Agreement

This document, together with any schedules and attachments signed by the parties, constitutes the entire agreement between Client and Lender with respect to the subject matter hereof and supersedes all prior agreements, negotiations and understandings, whether written or oral. Any amendment must be in writing and signed by both parties.

Attachments and Supporting Documentation

The following documents are provided with this form (check all that apply):

Financial statements (most recent)    Tax returns (last 2 years)    Bank statements (last 3 months)
Personal guarantee form    Collateral documentation    Photo ID

Notices

Acknowledgement

By executing below, Client and Lender acknowledge that they have read and understand the terms set forth in this Client Information LOC Form and agree that information provided herein is true and complete. Client further acknowledges that submission of this form does not constitute a commitment to lend; any credit extension is subject to Lender's final approval and execution of definitive loan documents.

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