Business Funding Agreement

This page contains:

1. General Principles
2. Compensation for Services
3. Power Of Attorney
4. Stipulations
5. Client Onboarding Questionnaire Form

1. General Principles

This AGREEMENT made on the date of electronic signature, between “E-Comm Gurus LLC”, and the undersigned (the “Client”), collectively referred to as the “Parties.”

WITNESSETH:
In consideration of the mutual promises hereinafter contained, the Parties hereto promise and agree as follows:

E-Comm Gurus LLC is not a direct lender. It is a consulting company you are hiring to assist you, the Client, in locating personal and/or business credit lines. You agree to hold E-Comm Gurus LLC harmless of any unintentional misrepresentation. The company is not a lender and does not make loans or credit decisions in connection with loans. E-Comm Gurus LLC does not endorse or recommend the product(s) of any particular Lender. E-Comm Gurus LLC is not an agent of either the Client, or any participating Lender. The Company’s services are administrative and consultative only. The Lender, and not E-Comm Gurus LLC is solely responsible for its services to the Client, and the Client agrees that E-Comm Gurus LLC, shall not be liable for any damages or costs of any type arising out of or in any way connected with your use of such services. The Client understands that the Lender(s) may keep the Client’s loan request form , whether or not the borrower is qualified for a loan with the Lender (s).

E-Comm Gurus LLC does not guarantee acceptance into any specific loan program or specific loan terms or conditions with any participating Lender; loan approval standards are established and maintained solely by an individual Lender(s). Likewise, E-Comm Gurus LLC, does not guarantee that the loan terms or rates offered and made available by the participating Lender(s) through this agreement are the best terms or lowest rates available in the market. Unless expressly stated in writing, nothing contained herein shall constitute an offer or promise for a loan commitment or interest rate lock in agreement.

By submitting the loan request containing the Client’s signature, the Client is extending an express invitation to each Lender(s) making loan officers to contact the Client by telephone at the numbers the Client has provided, so that the Lender(s) may assist the Client with (his / her) transaction, and the Client hereby consents to any such calls, even if (his/her) phone is on any DO NOT CALL List. By providing E-Comm Gurus LLC, with the Client’s information and/or submitting a loan request, the Client gives E-Comm Gurus LLC, permission to make recorded calls to remind the Borrower of any deadlines or issues in connection with the Client’s loan request. Client acknowledges that the Company is not liable for any decrease in FICO scores or ratings during the application process.

Client also authorizes E-Comm Gurus LLC, to order consumer credit reports and verify other credit information, including past and present references. It is understood that a copy of this contract will also serve as authorization.

2. Compensation For Services

A Performance Fee, is offered on a contingency basis, to be paid only if/when you receive funding. The Client agrees to pay the Company a Performance Fee equal to 5% of the total funded loan amount of each loan or line of credit/Credit Cards at time of receipt. This percentage applies only to the first $100,000 in funding that the E-Comm Gurus LLC finds for the Client. The Performance Fee will then decrease to 2.5% for any moneys raised after $100,000.

Client understands, that because the Company does not invoice the Client for Performance Fees until the Client receives funding or access to funds, the Client will be confirming receipt of services at that time and agrees to the corresponding charges to be made by the Company. Any chargebacks issued by Client will be considered intentional fraud and reported to the local authorities.

Payment Gateway:

We Accept Zelle as preferred method of payment. We also accept wire transfers, or Credit/Debit Card Payments for our services. You, the Client, give the Company the right to charge your credit card or use any line of credit that you gain access to as a consequence of our consulting services for the above mentioned compensation.

3. Power of Attorney

To all persons; be it known, that the undersigned as grantor hereby makes and grants a Limited and specific Power of Attorney to E-Comm Gurus LLC and its consultants, to act as my Attorney-in-Fact. My Attorney-in- act shall act in my name, place and stead in any way which I, myself, could do if I were personally present, with the respect to the following matters:

1) To the extent that I am permitted by the law to act through an agent.
2) To obtain any and all forms that my Attorney-in- Fact may deem necessary for the effective representation of my interest in this matter.
3) To request and receive any and all documents that are alleged or claimed to be my responsibility and to sign on my behalf for the completion of my business interest.

This Power of Attorney shall be revoked upon:

  • Resolution of the above referenced matter.
  • If the grantor does not wish to be represented any longer: and/or
  • If the Attorney-in-Fact does not wish to represent the grantor any longer.

4. Stipulations

Entire Agreement

This Agreement constitutes the entire agreement between the Client and the Company
and it supersedes all prior or contemporaneous communications, promises and proposals, whether oral, written, or electronic, between the Client and the Company with respect to this agreement and information, software, products, and services associated with it. A printed version of this Agreement and of any notice given in electronic form shall be admissible in judicial or administrative proceedings based upon or relating to this
Agreement to the same extent and subject to the same conditions as other business documents and records originally generated and maintained in printed form. All rights not expressly granted herein are reserved.

 

Disclosures/Other Terms & Conditions

We cannot guarantee that you will be approved for any specific amount, and the consulting fee will still be due in case the approved amount is lower that of the amount requested.

1 . We will attempt to obtain installment loans and revolving lines of credit as well. Multiple credit applications may be submitted to achieve your total requested financing amount. Each credit application will result in a new inquiry on your personal credit report(s) because each lender will need to obtain your personal credit report(s) in order to underwrite your credit application. The normal range of interest rates for No Doc loans and lines of credit is 0% to 16.5% but the interest rate you receive may be higher or lower. Client agrees and understands that the Company is not responsible or liable for any credit line limits that are suspended , closed or reduced from the initial funding amount.

 

Disclaimers and Limitations

As a condition of use of the Company’s services, the Borrower agrees to indemnify the Company and its suppliers, participating Lenders, or real estate professionals from and against any and all liabilities, expenses (including attorneys’ fees).

 

Definitions

1) Consulting Fee: Fee paid to E-Comm Gurus LLC. for the expert review, advice, preparation and submission of your credit application.
2) Submission: The forwarding of a completed credit application directly to underwriting (or in some cases directly to you, with specific instructions on how to submit it to underwriting, which may need to be done via, phone, fax, or in some cases in person, depending on the lender and the circumstances).
3) Funded: Funds have been made available to you.
4) Trade lines: Active open accounts on your personal credit report.
5) Credit Inquiries: Number of requests by a lending institution, landlord or employer seeking to review an applicant’s credit history.

 

Dispute Resolution

Any claim or controversy arising out of or relating to the use of this agreement, to the goods or services provided by the Company, or to any acts or omissions for which you may contend the Company is liable, including but not limited to any claim or controversy as to arbitrarily (“Dispute”), shall be finally, and exclusively, settled by arbitration. The arbitration shall be held before one arbitrator under the commercial arbitration rules of the American Arbitration Association (“AAA”) in force at that time. The arbitration shall be venue in YOUR STATE except for Maine consumers for whom the location shall be a place reasonably convenient to the consumer. The arbitrator shall be selected pursuant to the AAA rules.

Should no AAA rule regarding the selection of an arbitrator be in effect, the Company shall select an arbitrator from a panel of arbitrators acceptable to the Company. In any arbitration, the Company will pay the filing fee, plus the costs associated with the first day of arbitration, with the remaining costs of arbitration paid by the non- prevailing party. provided: however. that in Maine any cost to the Company shall be limited to the cost of filing a court case. To begin the arbitration process, a Party must make a written demand therefore. The laws of YOUR STATE shall be applied to any disputes arising out of this contract. Any judgment upon the award rendered by the arbitrators may be entered in any court of competent authority in YOUR STATE. The arbitrators shall not have the power to award damages in connection with any Dispute in excess of actual compensatory damages and shall not multiply actual damages or award consequential, punitive or exemplary damages, and each party irrevocably waives any claim thereto, except in Maine where state law will control all rights and remedies in the arbitration.

The agreement to arbitrate shall not be construed as an agreement to the joiner or consolidation of arbitration under this agreement with arbitration of disputes or claims of any non- party, regardless of the nature of the issues or disputes involved.

THIS AGREEMENT PROVIDES THAT ALL DISPUTES BETWEEN THE CLIENT AND THE COMPANY WILL BE RESOLVED BY BINDING ARBITRATION. BY SIGNING THIS AGREEMENT, THE BORROWER THUS GIVES UP ANY RIGHT TO GO TO COURT TO ASSERT OR DEFEND ANY RIGHTS. THE CLIENT ALSO GIVES UP ANY RIGHT TO PARTICIPATE IN OR BRING CLASS ACTIONS. THE CLIENT’S RIGHTS WILL BE DETERMINED BY NEUTRAL ARBITRATORS AND NOT A JUDGE OR JURY.

Arbitrator decisions are enforceable as any court order and are subject to very limited review by a court. By using the Company’ s goods and services the Client consents to these restrictions. Should a dispute arise, and should the arbitration provisions herein become inapplicable or unenforceable, or in any instance of any lawsuit between the Client and the Company, the Parties agree that jurisdiction over and venue of any suit shall be exclusively in the state and federal courts sitting in YOUR STATE. If either party employs attorneys to enforce any right in connection with any dispute or lawsuit the prevailing party shall be entitled to recover reasonable attorneys’ fees.

 

Service Breakdown

Personal Credit boosting
Fix all personal information reporting to all 3 major credit bureaus
Clean up hard inquiries on your credit report
Removing of negative remarks on your credit report
Removing of late payment history on your credit report
Building and strengthening your personal credit integrity

Business Credit boosting
Applying for you DUNS number
Adding Net 30s that help support your current business and build your business credit
Scheduling of monthly payments
Applying for Unique entity identifier Number

Corporation Walkthrough
Incorporating your business
Applying for your EIN from the IRS
Full understanding of LLC incorporation
All address match
All names match
Understand current cash handling options

NAICS code
Building strategy for credit leverage access
Full step by step understanding of credit strategy
Building strong bank relationships
Building your FICO Personal/Business score
Support on credit/loan applications

 

5. Client Onboarding Questionnaire

After we collect the payment of our Initial fee, you will receive a questionnaire form that will help us gather the required information we need to be able to provide you the above stated services. Please fill out the questionnaire to the best of your ability. If you have any questions or have any issues accessing the form, please do not hesitate to contact us. Please make sure the address on your ID matches the address on the utility bill or bank statement. If any of the required fields within the questionnaire do not apply to you, please use N/A in the required field. Failure to submit this form promptly will result in delays in starting the delivery of our services to you.

Please acknowledge your receipt of this notice by electronically signing the form indicated below.

After you sign your contract, you will be redirected to the onboarding form where you can provide us with the information we need to get you started. If you have any questions please contact your Account Executive of email us at info@oscarc69.sg-host.com

Copyright © 2023. E-Comm Gurus LLC.