Terms and Conditions

Business Loans Direct

Terms and Conditions

Business Loans Direct’s “Terms and Conditions” will explain in detail how we will conduct business with you. Please read the Terms and Conditions carefully. Be aware, we may update this policy from time to time, and the latest version will be posted on the website. Therefore, check periodically for any revisions to this agreement.

Business Loans Direct is not a bank; although, we do provide funding and working capital solutions, known as our “services.” We look forward to working with you to help your business grow with the capital you need to succeed.

Updated August 19, 2014

Note: By your use of the Business Loans Direct website and/or completing your application by checking the “Terms and Conditions” box, you fully agree and are bound by the Terms and Conditions. By accepting the terms, you acknowledge and agree to accept the terms. Should you disagree with the Terms and Conditions, terminate your application with Business Loans Direct.

1. Accepting These Terms and Conditions

By accepting these Terms and Conditions, you hereby acknowledge and accept:

  • You are at least 18 years of age and a legal citizen of the United States of America.
  • You give Business Loans Direct authority to access information about you and your company in order to determine your eligibility for our Services.
  • You fully acknowledge that you are bound by these Terms and Conditions. In the case you are acting on behalf of a client, you fully acknowledge that you have the authority to bind such entity.
  • You acknowledge and accept that you must submit financial and other information regarding your business. Business Loans Direct will use the information you provide, information gathered from public records, credit bureaus, and application information to determine your eligibility for funding and to monitor your performance as a Business Loans Direct customer on an on-going basis. Information you may be required to submit may include, but isn’t limited to, physical or digital copies of your business checking account statements.
  • You hereby agree that all of the information you provide is accurate and factual with no misrepresentation of your identity or your account information, or withhold any information necessary for Business Loans Direct to evaluate you and your accounts.

By accepting these Terms, you assume all and full responsibility for the use of the Service and hereby waive any claims or causes of action against Business Loans Direct, our affiliates, representing officers, directors, employees, agents, and representatives in connection to Business Loans Direct.

*We encourage you to print or save a copy of these Terms and Conditions for your records.*

As an applicant and/or customer of Business Loans Direct, you fully agree to provide truthful, accurate, current, and complete information about yourself and your accounts at financial institutions and websites. You hereby agree to provide up-to-date and accurate information to Business Loans Direct at all times and notify us of any changes. You agree not to share your log in information or credentials with an unaffiliated third party without our prior written consent.

2. Privacy and Personal Information

Business Loans Direct uses TRUSTe to ensure your data and personal information is protected. With the use of TRUSTe, our website’s Privacy Policy has been reviewed by TRUSTe and adheres to their privacy program requirements. With their seal, our website participates are subject to dispute resolution services and subject our website to site privacy scans to detect vulnerabilities.

*For detailed information regarding our privacy and security practices, please review our Privacy Policy.*

3. Information Sharing

To learn more about our information sharing process, view our Privacy Policy.

4. Indemnification

You hereby acknowledge and agree to fully protect Business Loans Direct and our affiliates from any and all third party claims, liability, damages, expenses and costs (including but not limited too, reasonable attorney fees) caused by or arising from your use of the Service, your violation of the Terms and Conditions, and infringement by you, any other users of your account, of any intellectual property, or other right of anyone.

5. Assignment

You understand and agree that these Terms and Conditions, and any rights and licenses granted hereunder, may not be transferred or assigned by you; however, may be assigned by Business Loans Direct without restriction or any limitations.

6. Rights Granted to Business Loans Direct

You hereby authorize Business Loans Direct to contact any credit reporting or database service, your current and past third party card processors, and your current or past banks in order for us to receive the necessary information we need to determine a necessary review of your application, and/or to monitor and maintain your account with Business Loans Direct. This information, without limitations, may include your personal and business’s credit history, credit card, debit card, and any other payment card and instrument processing history, such as your business charge-back history, as well as any other information Business Loans Direct deems pertinent.

By agreeing to these Terms and Conditions, you authorize your credit card, debit cards, and/or payment processor or its designated POS processor to forward daily to any third party we designate all electronic payment transaction records that your acquiring institute or designated POS processor gathers on your behalf. This includes, but isn’t limited to, activity on Visa, MasterCard, American Express, Discover, JBC, or ATM Debit Cards or check transaction records.

In addition, as part of the approval process for our Services, we may use a neutral third party to access your business financial information. Should we use this process, you will be involved in the process.

7. Credit Profile Authorization

By accepting these Terms and Conditions, you fully understand and agree to the fact that we and our agents and assignees are authorized to contact third parties to make credit report inquires, such as requesting business and personal credit bureau reports or for any other lawful purpose.

In addition, you understand and agree that Business Loans Direct is making no commitment or guarantee that our products/services, evaluation or guidance by Business Loans Direct will result in the approval for a working capital solution from us or any third party.

You hereby authorize Business Loans Direct to obtain a credit report or background report. Any such reports that we obtain may include, without any limitation, the business’s or your credit history and/or other similar characteristics, employment verification, education verification, social security verification, criminal or civil history, Motor Vehicle Records and any other public record or information pertaining to credit standing, credit capacity, or character. Any such reports will be used by Business Loans Direct to determine eligibility for a working capital solution. You are also required to provide and/or execute such further and additional documents, instruments and writings we may require to access and review any tax information, including tax returns related to Merchant’s business, including without any limitations by executing a 4506T form with the Internal Revenue Service.

8. Electronic Terms and Conditions

You hereby agree to receive electronic means to deliver these Terms and Conditions and any and all disclosures and/or notices required to be given by all applicable laws and regulations.

In addition, you consent to allow Business Loans Direct to respond to any inquires via email, regardless of the format of the original inquiry.

You are aware that you have the option to receive any information that we provide electronically in paper form for no cost to you. To request paper copies, please contact Business Loans Direct.

By submitting an application, or agreeing to the Terms and Conditions, you hereby fully understand and acknowledge your agreement to the Terms and Conditions listed above.

Business Loans Direct


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