Credit Gathering Authorization

These Terms were last revised on August 22, 2024

By indicating Your agreement to these terms (for example, by clicking the button where You accept this credit gathering authorization) You represent that You are authorized on behalf of Yourself and the business listed in Your application (individually “You” or “Your” or collectively, the “Applicant”) to make and submit representations regarding the Applicant to Lendio, Inc., its representatives, subsidiaries, and affiliates (collectively, “Lendio”) and to third-party lenders, finance companies, or other third parties that are involved with or provide commercial loans, or purchases of receivables (individually a “Recipient” or collectively “Recipients”). You authorize Lendio and Recipients to conduct, obtain, receive, and process a review of You and/or Your business that Lendio or any Recipient considers appropriate to process Your application for business-purpose financial products.

As part of this review, You authorize Lendio and Recipients to obtain consumer/personal and/or business and investigative financial and credit reports from one or more consumer reporting agencies (including, but not limited to, TransUnion, Experian, Equifax, and Dun and Bradstreet) and from other credit bureaus, banks, creditors and other third parties about You and Your business. You further authorize and understand that Lendio and Recipient, respectively and individually, may obtain statements from creditors, financial institutions, and other third parties, as well as other information about You and Your business, including credit card processor statements and bank statements.

You authorize Lendio and Recipients to obtain Your credit report, during review of any application submitted via www.lendio.com, including any subdomains, any co-branded websites, or any other website where this Credit Gathering Authorization may be agreed to, during the closing of any financial product, or at various times during the term of the financial product(s) You receive in connection with its servicing or enforcement. This authorization shall constitute Your written instructions under the Fair Credit Reporting Act, as amended. You further authorize Lendio and each Recipient to contact third parties to verify any information provided in Your credit report or otherwise submitted to Lendio or Recipients in connection with Your application for financial products.

You confirm that the information You have provided to Lendio as part of Your application, as well as any subsequent information that might be submitted as part of Your application, is true and correct and may be relied upon by Lendio and Recipients in their consideration of Your application. Any misrepresentation that You make in conjunction with the information You submit may be viewed as fraud, and as such may be punishable by law.