I (We) authorize LencoFinEq, LLC, Lenco Capital, Security Leasing Services, Inc. (aka SLS Financial Services), American Equipment Financial Services, LLC, Opportunity Financial Services, and/or its assigns and designees to investigate all credit information, including but not limited to consumer credit reports, bank and trade references and financial information provided by you for purposes of processing this business credit application. Such authorization shall extend to obtaining a business credit profile in considering this application and subsequently for the purposes of update, renewal or extension of such credit or additional credit and for reviewing or collecting the resulting account. All principals & officers hereto agree that an electronic copy of this application may be treated as, and considered the same as, an original. By choosing the 'Submit' button below, you are giving your electronic signature in agreement with these terms. By providing your contact information, you agree to receive electronic communications from Lenco and SLS. I (We) certify that the above information provided is true and correct. I/we agree that the dealer, the broker, My Little Salesman, or their agents or assigns may disclose information about my/our financing application, stage, status, outcome, or other transaction details to the originating vendor, manufacturer, or seller of equipment to help facilitate the equipment sales process.
ECOA NOTICE (TO BE RETAINED BY APPLICANT) Thank you for your business credit application. We will review it carefully and get back to you promptly. If your application for business credit is denied, you have the right to a written statement of the specific reasons for the denial. To obtain that statement, please contact us within 60 days from the date that you are notified of our decision. We will send you a written statement of the reasons for the denial within 30 days of your request for the statement. NOTICE: The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract), because all or part of the applicant’s income derives from any public assistance program; or because the applicant has, in good faith, exercised any right under the Consumer Credit Protection Act. The federal agency that administers our compliance with this law is the Federal Trade Commission, Equal Credit Opportunity, Washington, DC 20580.
**Consent to Use of Artificial Intelligence and ChatGPT in Underwriting Evaluation and Processes** By signing below, you acknowledge and agree that LencoFinEq, LLC, Lenco Capital, Security Leasing Services, Inc. (aka SLS Financial Services), American Equipment Financial Services, LLC, American Leasing & Financial, Opportunity Financial Services, LLC, and/or its assigns and designees may utilize artificial intelligence (AI) technologies, including but not limited to ChatGPT, as part of the business credit underwriting evaluation and other processes related to your application for business credit. You consent to the use of AI in analyzing and processing your credit information, which may include data from consumer credit reports, bank and trade references, and other financial information provided by your or obtained by us. This usage is intended to enhance the accuracy and efficiency of our credit evaluation procedures. Your information will be handled in accordance with applicable data protection and privacy laws. If you have any questions or concerns regarding the use of AI in our processes, please contact us for more information. I consent to the use of electronic disclosures and signatures and they shall be considered the same as physical for all legal purposes.