Loanspark, LLC

Credit Gathering Authorization

The terms of this Credit Gathering Authorization were last revised on 4/30/2022

By indicating your agreement to the terms of this Credit Gathering Authorization (by confirming your acceptance by clicking below after reviewing this document), you, in your individual capacity and/or, if applicable, for and on behalf of any other individual person, business, corporation, limited liability company, partnership or other entity listed in the within application (the “Application”) (you and/or such other person or entity submitting the within Application are referred to herein as the “Applicant”), represent, warrant and covenant, that you are authorized on behalf of yourself and/or any other Applicant, to agree and bind the Applicant to this Credit Gathering Authorization, and to make and submit representations, warranties and covenants of the Applicant. You hereby authorize Lendzero Loanspark, its representatives, subsidiaries, and affiliates (collectively, “Loanspark” or “we”) and its designated or potential lenders, purchasers and other financing credit or network participants (“Marketplace Participants”) to conduct, obtain, receive, and process a review of the Applicant as Loanspark or a Marketplace Participant considers appropriate to process the Application for loan, financing, credit and similar business or commercial financial products (“Financing Products”) or any contract, agreement or other business transaction between the Applicant and Loanspark or Marketplace Participant (“Transactions”), as contemplated in connection with this Application.

As part of this review or underwriting process for the Application, Applicant (whether as a primary or co-obligor or co-borrower, applicant, guarantor, principal, owner, equity holder or other similar capacity), recognizing that Applicant’s credit history may be a necessary factor in the evaluation of this Application, hereby consents and authorizes Loanspark and each of its Marketplace Participants to obtain consumer, personal and/or business, investigative financial and credit reports from one or more reporting agencies (such as TransUnion, Experian and Equifax) and from other credit bureaus, banks, creditors and other third parties, from time to time as may be necessary for the Application, and further agrees and consents to release and sharing of any of the foregoing between Loanspark and Marketplace Participants. Applicant further consents, authorizes and understands that Loanspark and each Marketplace Participant, respectively and individually, may obtain statements from creditors, financial institutions, and other third parties, as well as other information about Applicant and Applicant’s business, including credit card processor statements and bank statements.

Applicant authorizes Loanspark and/or each Marketplace Participant to obtain Applicant’s credit report, during review of any Application submitted via Loanspark Portal, including any subdomains thereof, during the closing of any Financing Product or any other Transaction, or at various times during the term of the Financing Product or any other Transaction in connection with its administration, processing, managing, handling, monitoring servicing or enforcement thereof, and to release and share any of the foregoing between Loanspark and Marketplace Participants. This authorization shall constitute Applicant’s written consent, approval and instructions under the Fair Credit Reporting Act, including all regulations promulgated pursuant thereto, if applicable. Applicant further authorizes Loanspark, LLC and each Marketplace Participant to contact third parties to verify any information provided in Applicant’s credit report or otherwise submitted to Loanspark or its Marketplace Participants in connection with Applicant’s application for Financing Products or any other Transaction.

If Applicant does not want any information about the Applicant shared with Marketplace Participants, including consumer credit reports, then Applicant shall not proceed with this Application and shall exit this website of Loanspark. Applicant may withdraw its consent to release and share of information about the Applicant, including consumer credit reports, or opt out at any time by contacting Loanspark at [email protected]. If Applicant chooses to withdraw its consent and/or opt out accordingly, Loanspark will no longer be able to identify potential matches for Applicant’s business needs for Financing Products or other Transactions, and Applicant should stop using the services and website of Loanspark.

Applicant confirms that the information Applicant has provided to Loanspark as part of the Application, as well as any subsequent information that might be submitted as part of the Application, is true, complete and accurate and will be relied upon by Loanspark and the Marketplace Participants in their consideration of the Application. Any misrepresentation, misconduct, untruthfulness, concealment, false statement or other similar wrongful conduct that Applicant makes or commits in conjunction with the information submitted for or in connection with the Application may be viewed as fraud, criminal conduct or other violation of law, and as such may be subject to punishment, penalties, fees, damages and other remedies under applicable law, and otherwise subject to all rights and remedies of all applicable parties relying on such information.

I authorize that Lendzero, Loanspark, LLC and/or each Designated Purchaser to obtain my credit report, during review of any application submitted via {{Source Portal URL/register}}, including any subdomains thereof, during the closing of any financial product, or at various times during the term of my financial product(s) in connection with its servicing or enforcement. This authorization shall constitute my written instructions under the Fair Credit Reporting Act. I further authorize Lendzero, Loanspark, LLC and each Designated Purchaser to contact third parties to verify any information provided in my credit report or otherwise submitted to Loanspark or its Participating Institutions in connection with my application for financial products.

I confirm that the information I have provided to Lendzero, Loanspark, LLC as part of my application, as well as any subsequent information that might be submitted as part of my application, is true and correct and may be relied upon by Lendzero, Loanspark, LLC and the Designated Purchaser in their consideration of my application. Any misrepresentation that I make in conjunction with the information I submit may be viewed as fraud, and as such may be punishable by law.