Terms & Conditions
In submitting the foregoing electronic application for financing, along with all requested documentation supplied to Asset Commercial Credit, the undersigned guarantees its accuracy with the intent that it be relied upon by Asset Commercial Credit to enter into a financing agreement with the named company and warrants that the undersigned has not knowingly withheld or misstated any material information. The undersigned agrees that it shall notify Asset Commercial Credit, in writing by US mail 2210 Plaza Drive, Suite 250, Rocklin, CA 95765 or email staff@assetcc.com, of any material change in the company’s financial condition or prospects. It is further agreed and understood that the initial application fee of $500.00 (Five Hundred Dollars) is due and payable upon acceptance of the Factoring or A/R Financing Proposal. The Proposal is received after underwriting approves the application. The undersigned agrees to pay any expenses incurred over and above the application fee, due to credit searches, legal and administrative fees, and/or for other expenses or costs that Asset Commercial Credit may incur in processing the application and administering the financing agreement. The undersigned hereby authorizes electronically, Asset Commercial Credit, its affiliates, designated agents or assignees to run business and personal credit inquiries, and to verify any necessary information such as but not limited to, savings, checking accounts, or loan status, payment history verification, including accounts payable, accounts receivable, credit union, mortgage balances, tax payment history and any employment or related compensation verification.