Providing Alternative Financial Solutions for Small Businesses
Letter of Understanding
DAS FINANCIAL & ASSOCIATES
Below are the general terms of the Unsecured Working Capital Program. This is an agreement between you and DAS FINANCIAL & ASSOCIATES. You have requested DAS FINANCIAL & ASSOCIATES to provide you with loan/line of credit consulting services to help you arrange unsecured financing for your business. Funding Fee will be taken from first card approval which you will put on file so we can charge that card when funding is complete. Any other arrangements will have to be communicated with DAS FINANCIAL & ASSOCIATES.
YOU UNDERSTAND THAT ALL FEES MUST BE PAID AS PER FEE AGREEMENT. YOUR INVOICE IS DUE WITHIN 5 DAYS OF SETTLEMENT.
Do not apply for anything during this time (credit card, car, apartment…etc) without consent unless agreement will be voided.• Will need a copy of ID, utility bill and SSN card to dispute any negative items on report (standard for credit repair). Will need a copy of LLC documents and EIN letter emailed to dasul@das-concepts.biz.
FundReferrals are $500 for each client you send me, after they get funded then you will be paid, it’s your job to keep track of how many referrals you send me.
Loan amounts, rates and terms are established by each lender and are based upon their respective underwriting guidelines including but not limited to revenue, income, personal credit history and business credit profile.
DAS FINANCIAL & ASSOCIATES does not guarantee an approval or a minimum amount to be approved with any individual lender. Multiple lenders are required to meet your funding requests in most cases.You agree to pay the fee as per fee agreement regardless of whether you use the funding obtained by DAS FINANCIAL & ASSOCIATES.
You may be required to communicate directly with some lenders and follow their loan submission procedures. Loan approvals average 14 to 28 business days after the lender receives an application. You certify that you are the applicant and all information you have provided is true and accurate.
You agree to hold all representatives of DAS FINANCIAL & ASSOCIATES harmless from any misrepresentation.
You authorize DAS FINANCIAL & ASSOCIATES, its lenders and/or assigns to access your credit report and to act on your behalf with Special and Limited Power of Attorney to represent you in the application and verification process, either electronically, verbally, written or otherwise.
You understand and agree to all terms of this Letter of Understanding as well as the Fee Agreement and acknowledge a faxed copy may be accepted as original.
This agreement and the interpretation of its terms shall be governed by and construed in accordance with the laws of the State of New Jersey, without regard to its conflicts of laws and rules. The parties irrevocably submit and consent to the exclusive jurisdiction and venue of the New Jersey state courts in and for Essex County and the Federal courts in and for the District of New Jersey. The parties waive all rights to a trial by jury in any action or proceeding instituted in connection with this Agreement. It is understood all information is mutually proprietary and confidential and will not be disclosed by either party.