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Business Credit Consulting and Portal Licensing Agreement

 

THIS AGREEMENT is entered into, by and between Cashbox LLC (“Advisor”) and [Client/Signer] (“Client”), upon the following terms and conditions.

WHEREAS, Client desires to obtain Advisor’s consulting services in conjunction with a business the Client has an interest in.

WHEREAS, Advisor and Client have agreed to enter into this Business Credit Consulting Agreement.

NOW THEREFORE, in consideration of the terms and conditions set forth below and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:


I. ADVISEMENT SERVICES PROVIDED BY THE MYCOMPANYCREDIT PORTAL

  1. There are many services provided by the MyCompanyCredit credit advisors, which include:

    a. Performing a corporate compliance and documentation review of Client and Client’s Business. The scope and purpose of the corporate compliance and documentation review is to help prepare the Client to apply for business credit and attempt to maximize the possibility of success in obtaining business credit and for no other legal or business purpose.

    b. Establishing a Dun & Bradstreet file and establishing a Dun & Bradstreet rating.

    c. Building a Dun & Bradstreet PAYDEX score.

    d. Establishing a business credit file with Experian’s corporate department.

    e. Obtaining an Experian Intelliscore number.

    f. Creating a business credit file with Equifax’s business department.

    g. Providing Client with a non-comprehensive list of trade accounts that may or may not report to business credit bureaus, including Dun & Bradstreet, Experian’s corporate department, and Equifax’s business department.

    h. Creating a Business Credit Asset that can be used for business financing opportunities.

    i. Obtaining access to a dedicated funding advisor provided by Advisor and/or its affiliates and/or assigns for a five (5) year period beginning as of the date of this Agreement between Advisor and Client.


II. ADVISOR RESPONSIBILITIES

  1. Advisor agrees that it will handle Client’s business hereunder in a strictly professional and ethical manner, utilizing its best efforts and skill on behalf of Client. Advisor makes no guarantees that Client will obtain a particular business credit score or a specific cash dollar amount of credit. All expressions made by Advisor regarding outcomes are sincere opinions only.

  2. If the Client has not been extended at least $50,000 in TOTAL credit (any combination of vendor credit, trade credit, equipment lease, vehicle lease, loans, lines of credit, credit cards, real estate pre-approvals, etc.), Client may elect at any time to receive an additional twelve (12) months of advising from Advisor.


III. SUCCESS FEE AND LICENSE FEE BALANCE

  1. Client agrees to pay Advisor a success fee of ten percent (10%) of the value of any line of credit or funding successfully accessed with the assistance of the Suite team.

  2. Upon successful access to the line of credit or funding, the balance of the $5,000 USD enrollment license fee shall also become immediately due and payable to CashBox.

  3. The success fee and license fee balance shall be invoiced to the Client at the time of successful funding access, and Client agrees to remit payment promptly upon receipt of the invoice.


IV. ADDITIONAL COSTS

  1. Fees: The Client agrees and understands that all funding obtained from lending sources will have associated costs. These costs are standard lender fees and might include processing fees, points, APRs, interest rates, discounts, and other standard fees commonly associated with borrowing money. These fees are charged by the lenders and not by the Business Finance Suite team.

  2. The MyCompanyCredit Portal finance officers will search for the best and most affordable terms each Client may qualify for.

  3. Elective Costs: Client may incur additional costs for optional services in the MyCompanyCredit Portal, including but not limited to:
    a. Dun & Bradstreet, Experian, and Equifax full credit monitoring.
    b. Trade account setup costs.
    c. Trade account vendor product purchase costs.
    d. Various state filing costs.
    e. Various business license costs.
    f. Business phone setup or other phone-related costs.
    g. Personal and/or business credit report costs.
    h. Bank fees and financing-related costs, such as closing costs, application fees, or broker fees.
    i. Other fees and/or costs customary to business practices.


V. SECURING OF CASH FUNDING THROUGH THE MYCOMPANYCREDIT PORTAL

  1. Client understands that they are purchasing software to help ensure they meet lending credibility standards, build business credit, and gain access to cash funding options.

  2. Client understands funding approval depends on factors such as collateral, revenue, financials, personal credit, and business credit quality.

  3. Client acknowledges that pre-qualification does not guarantee formal approval, which requires a formal underwriting process.

  4. Clients with lower consumer credit scores, no business credit scores, or no business collateral typically do not qualify for funding initially. Clients with legitimate business collateral and/or good personal or business credit have a higher chance of securing funding but are not guaranteed approval.


VI. ENROLLMENTS

  1. Client understands their initial payment grants them access to business credit, funding access, and funding advisors.

  2. Client agrees to pay promptly according to the agreed payment schedule.

  3. Client agrees to notify the Consultant immediately if payment issues arise.

  4. Client understands that once logged into their MyCompanyCredit Portal, no refunds of any kind will be issued.

  5. In case of default, all portal access will be terminated, and the Client will lose access to business credit and funding.

  6. A defaulting Client may not re-purchase the system in the future.


VII. NON-CIRCUMVENTION, NON-COMPETE, AND INTELLECTUAL PROPERTY

  1. Non-Circumvention: The Client agrees not to bypass or attempt to bypass the Advisor, its affiliates, or any of its funding sources, contacts, or relationships to directly engage or conduct business with any parties introduced by the Advisor without prior written consent from the Advisor.

  2. Non-Compete: The Client agrees not to engage in any activities that directly compete with the Advisor’s business or its services for a period of two (2) years from the termination of this Agreement, within the United States and its territories.

  3. Intellectual Property: All relationships, contacts, funding sources, processes, systems, data, and information provided by the Advisor during the term of this Agreement are and shall remain the sole intellectual property of the Advisor. The Client agrees not to share, disseminate, or use such information outside the scope of this Agreement without prior written consent from the Advisor.


VIII. GOVERNING LAW AND JURISDICTION

This Agreement shall be governed by, and construed in accordance with, the laws of the State of Wyoming. Any disputes arising under this Agreement shall be subject to the exclusive jurisdiction of the courts located in Fairfield County, Connecticut.

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written below.

Hear From Our Clients

John Mathers

Before enrolling in MyCompanyCredit my business was limited to the cash-on-hand I had available to grow. No longer...

Mary Winters

My Credit Advisor was very knowledgeable and friendly. I was able to get through the initial process in a matter of days...

Darrell Johnson

As a start-up, I didn't think I could build business credit. I thought that was for big companies. I was so wrong...

Nathan Boyd

Cash-flow problems are a thing of the past for us now. Thanks to the team at CashBox for making this a reality.

ALTERNATIVE LENDING SOLUTIONS TM Advertisement Disclosure :

Advertised Terms and Information:

 
  • The information and disclosures above relate to advertised terms made by or through Alternative Lending Solutions.

  • Interest rates and terms are from a lender or lenders with whom Alternative Lending Solutions may match you and that offer the particular product. The disclosures are current as of the date indicated.

  • Alternative Lending Solutions is not a lender in any transaction and does not make loans, loan commitments or lock-rates. All credit decisions, including loan approval and the conditional rates and terms you are offered, are the responsibility of the participating lenders and will vary based upon your loan request, your particular financial situation, and criteria determined by the lenders to whom you are matched. Not all consumers will qualify for the advertised rates and terms.

  • You may not be matched with the lender making a particular conditional loan offer, and Alternative Lending Solutions does not guarantee that any lender will make you a conditional loan offer. Alternative Lending Solutions arranges for multiple conditional loan offers through its network of nonaffiliated lenders.

  • FICO score means the FICO credit score report that a lender receives from a consumer reporting agency.

  • Alternative Lending Solutions may request a credit report obtained by means of a soft credit inquiry. This report is only furnished with the consent of the consumer and is used to determine financial product pre-qualifcation. Alternative Lending Solutions may share this furnished consumer credit report with its direct lenders only for means of pre-qualification.

  • Alternative Lending Solutions is an affiliate marketing firm and the company, its associated agents, and staff make a commission off of any financial product or service purchased from its associated lender(s).

  • Telephone Consumer Protection Act (TCPA) has undergone changes as of October 16, 2013. Marketers are required to obtain your consent to receive phone calls by automatic dialers and/or to receive pre-recorded messages. While Alternative Lending Solutions does not utilize such mechanisms at this time to contact leads, some of our Lenders/Partners may utilize such technology to communicate with you regarding your inquiry. Alternative Lending Solutions does utilize automatic dialer and/or pre-rerecorded messages to communicate with its affiliates, lenders, and agents.

  • By providing a phone number, you are giving express consent to receive return phone calls from Alternative Lending Solutions, its Network Lenders, and/or partners who may contact you at the number(s) you provide. In addition, you are agreeing to receive calls and messages from automated dialing systems and/or by pre-recorded message, and text message(s) (where applicable) at the number(s) you provided. Normal cell phone charges may apply if you provide a cellular number. You may also elect to receive return calls by manually dialed process, email, or other preferred method of contact.

  • Using the Alternative Lending Solutions’s Prequalification Offers Product does not guarantee consumers will get an advance, loan, line of credit, rollover, SBA 7(a)/504(b), or any other financial product presently offered by Alternative Lending Solutions and/or its Lenders. Rather, a prequalification is a lender’s estimate of how much you could be eligible to borrow based on information you supply directly to the lender. Alternative Lending Solutions offers this service for free and you may obtain multiple prequalification letters from lenders so you can shop for the right financial program for you.

  • The pre-qualification you receive is based upon preliminary unverified information, which although deemed to be reliable, is not guaranteed to be correct. A final decision cannot be made until a complete application and supporting documentation is received and verified by the lender. Your prequalification letter does not guarantee approval, nor is it an offer or commitment, it is merely a snapshot of what may be possible. Product and services may not be available in all states.

  • While there are numerous factors that can impact an individual’s credit score, your personal score page provides you with six factors that may be impacting your overall credit score. It is these factors that create your VantageScore®:

  • Payment history – Have you consistently paid your accounts in a timely manner?

  • Utilization – How much of your total credit available are you currently using?

  • Balances – What is the total of your current and delinquent account balances?

  • Depth of credit – How long is your credit history and is there a varied mix of credit types?

  • Recent credit – How many recently opened credit accounts and credit inquiries do you have?

  • Available credit – What is the total amount of credit that you currently have access to?

  • VantageScore® is based primarily on a 24-month review of your credit report. Your credit report has information – such as your history of payment punctuality, the total amount of your available credit, the total amount and type of debt you have, the number of open and active accounts, and the longevity of your relationships with creditors all of which impact your overall score. Your score may vary by bureau and that provided by FICO®.