I/WE HAVE BEEN INFORMED AND FULLY UNDERSTAND THAT THE SUBMISSION OF AN APPLICATION FOR FACTORING TO A PLUS FACTORING DOES NOT GUARANTEE APPROVAL OR THE PROVISION OF ANY FINANCIAL SERVICES. I/WE UNDERSTAND THAT APPROVAL FOR FACTORING WILL BE SUBJECT TO REVIEW AND ACCEPTANCE OF THE APPLICATION AND THE INVOICES/ACCOUNTS OFFERED, IN ACCORDANCE WITH THE TERMS OF A PLUS FACTORING’S AGREEMENT WITH SINGLE POINT CAPITAL. FURTHERMORE, I/WE ACKNOWLEDGE THAT A PLUS FACTORING OPERATES IN PARTNERSHIP WITH SINGLE POINT CAPITAL, WHICH WILL BE SOLELY RESPONSIBLE FOR PROCESSING ALL MONETARY TRANSACTIONS RELATED TO ANY FACTORING SERVICES PROVIDED. THE ABOVE STATEMENTS ARE TRUE AND ACCURATE TO THE BEST OF MY/OUR KNOWLEDGE AND BELIEF. THIS SERVES AS MY/OUR AUTHORIZATION FOR THE RELEASE OF ANY INFORMATION NECESSARY TO PROCESS THIS APPLICATION, INCLUDING BUT NOT LIMITED TO CREDIT INVESTIGATION, REPORTING, AND VERIFICATION, TO A PLUS FACTORING AND ITS PARTNER, SINGLE POINT CAPITAL. ADDITIONALLY, I/WE GRANT PERMISSION FOR SINGLE POINT CAPITAL TO FILE ANY UCC-1 FILINGS DEEMED NECESSARY IN CONNECTION WITH THIS APPLICATION.
I/We understand that A PLUS FACTORING, in partnership with SINGLE POINT CAPITAL, is only considering providing financing within a commercial transaction relationship. The Applicant hereby states, warrants, and agrees that any funds provided through this transaction will be used strictly for commercial purposes and not for household, consumer, or personal use.
