1. APPLICATION AND AGREEMENT
This application constitutes an offer to obtain business funding from Taurus Funding ("Lender"). By submitting this application, the applicant ("Borrower") agrees to be bound by these terms and conditions.
2. ACCURACY OF INFORMATION
Borrower certifies that all information provided in this application is true, accurate, and complete. Borrower acknowledges that any misrepresentation or omission of material facts may result in denial of funding or immediate recall of any funds advanced.
3. AUTHORIZATION TO VERIFY INFORMATION
Borrower authorizes Lender to verify all information provided, including but not limited to credit reports, bank statements, tax returns, financial statements, and references. Borrower authorizes Lender to obtain consumer and business credit reports from one or more credit reporting agencies.
4. CREDIT CHECK AUTHORIZATION
Borrower explicitly authorizes Lender to perform hard and soft credit inquiries on the business and all owners/guarantors listed in this application. Borrower understands that credit inquiries may impact credit scores.
5. NO GUARANTEE OF APPROVAL
Submission of this application does not guarantee approval for funding. Lender reserves the right to approve, deny, or request additional information for any application at its sole discretion.
6. PERSONAL GUARANTEE
By signing this application, all owners with 20% or more ownership agree to personally guarantee any funding provided. Personal assets may be subject to collection in the event of default.
7. PRIVACY AND DATA USE
Borrower acknowledges that Lender will collect, store, and process personal and business information in accordance with applicable privacy laws. Information may be shared with third-party service providers, credit bureaus, and funding partners as necessary to process this application.
8. ELECTRONIC SIGNATURE
Borrower agrees that electronic signatures are legally binding and have the same effect as handwritten signatures. By typing your name in the signature field, you agree to be legally bound by this application and all terms herein.
9. FUNDING TERMS
If approved, specific funding terms including amount, interest rate, fees, repayment schedule, and any collateral requirements will be provided in a separate funding agreement. Borrower is not obligated to accept funding offers.
10. RIGHT TO CONTACT
By submitting this application, Borrower consents to receive communications from Lender via phone, email, SMS, and other electronic means regarding this application and future funding opportunities.