THIS CONTRACT FOR FINANCIAL FUNDING SERVICES (the “Agreement”) is made and entered this_______________________(the “Effective Date”) the Denson-El Financial Group (Partner) by and between Iconic Enterprises, Inc. (Company) (hereinafter referred to as the “Company”) who is duly organized under the laws of the State of Delaware, and_________________________________(hereinafter
referred to as the “Borrower”), with a physical address of:
______________________________________________________
______________________________________________________
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(the “Company” and “Borrower” are collectively referred to as the “Parties.”) WHEREAS, Borrower wishes to engage the Company to provide services described herein, and said Company agrees to provide such services for a “Consulting Fee” based on commission; WHEREAS, Borrower acknowledges that the Company will attempt to secure a single loan, line of credit or credit card for the specific amount requested by the Borrower; however, the Borrower shall accept an alternative option of a series of loans, line of credit and credit cards totaling the requested amount; and
NOW, THEREFORE, in consideration of the foregoing, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, accepted and agreed to, the Parties intending to be legally bound, hereby promise to agree to the Terms and Conditions set forth below:
1) SCOPE OF AGREEMENT;
a)Borrower authorizes Company to help arrange for financing on behalf of Borrower and/CONFIDENTIAL or Borrower’s business. Company agrees to use its experience and marketplace knowledge to assist Borrower in finding financing options for the Borrower's particular situation.
b)The Company does not endorse or recommend the product(s) of any particular Lender. Company is not an agent of either the Borrower or any participating Lender.
c)The Company's services are consultative and administrative only. The Lender, and not Company, is solely responsible for Lender’s services to the Borrower, and the Borrower agrees that the Company shall not be liable for any damages or costs of any type arising out of or in any way connected with Borrower's services through Lender
d)The Company does not guarantee acceptance into any particular 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, Company 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.
e)The Company is not a lender and does not make loans or credit decisions in connection with loans. Unless expressly stated in writing, nothing contained herein shall constitute an offer or promise for a loan commitment or interest rate lock in agreement.
f)By providing Company with the Borrower’s information and/or submitting a loan request, the Borrower gives Company permission to apply in the Borrower’s name for loans, lines of credit and/or credit cards for the Borrower, for the sole benefit of the borrower and to make recorded calls to remind the Borrower of any deadlines or issues in connection with the Borrower's loan request.
g)Borrower also authorizes Company to view consumer credit reports if needed and verify other credit information, including past and present references. It is understood that a copy of this contract will also serve as such authorization.