Borrower Terms and Conditions

Business Lending Connection: Terms and Conditions

Thank you for completing our questionnaire and submitting your personal information to Business Lending Connection (BLC). BLC is strictly a marketing lead generator and in no way guarantees that by completing our questionnaire, you will be matched with a Lender or receive a loan offer from a Lender in its network of U.S. based banks, private money lenders, hard money lenders, venture capital or angel capital companies. The data and other information you provide BLC is not, and is not treated as an application for a loan

This website does not constitute an offer or solicitation to lend. BLC will submit the information you provide to a lender in their network. It is a paid matching service, providing you access to multiple lenders with a wide array of financial products.  You are responsible for a fee only if you are successfully matched to a participating Lender, and you proceed with that Lender’s underwriting requirements.

Providing your information on this website does not guarantee that you will be approved for a loan. We are NOT a lender.  Once you complete our questionnaire, we will contact the participating lenders in our network and submit your profile in order to find you the best product offerings you may qualify for.  Your loan terms will vary from lender to lender, and will also vary by which product you ultimately accept.  Your repayment terms will be dictated by your actual loan agreement. Read your lender’s disclosures to make sure the product is appropriate for your needs. BLC does not guarantee acceptance into any particular program or specific term or condition with any lender, as approval standards are established and maintained solely by each individual lender.

BLC does not accept credit applications, make loans or credit decisions in connection with loans, nor does BLC issue any form of final loan commitment. BLC is not a lender and does not make loans or credit decisions in connection with loans. BLC does not endorse or recommend the products of any particular Lender, nor do they represent themselves as an agent of either you or any Lender. BLC’s services are strictly administrative. All loan inquiries submitted through this web site are NOT applications for credit. Rather, they are brief introductory questions to be matched with Lenders in order to receive conditional loan offers from those Lenders. You will have to complete a thorough application and go through a full Underwriting procedure with a Lender before they will extend you an unconditional offer. Any Lender you select may require you to pay an application or other fee to cover their administrative costs. The Lender will solely determine the amount of any such fee and should provide information to you regarding the refundability of any such fee.  Please rely on your own judgment in deciding which available loan product, terms or Lender best suits your needs and financial means.

You understand that Lenders may retain your loan questionnaire and any other information provided by BLC or received by them in the processing of your loan request, whether or not you are qualified for a loan with them or if you ultimately receive a loan from them.  To determine which Lenders you may be matched with, Lenders provide us criteria regarding the type of loan and the type of loan customer in which the Lender is interested.  This matching process is strictly preliminary and may not be construed as a final loan commitment, which can only be made once the lender’s application process is complete.

The data and other information you may provide BLC is not, and will not treated as, an application for a loan. BLC does not guarantee acceptance into any particular loan program or specific loan terms or conditions with any Lender; loan approval standards are established and maintained solely by individual Lenders. 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 this questionnaire, you authorize BLC to present the information you provided to a participating lender. Please note that no credit check will be directly performed by BLC at any time.

In order to secure your personal information, all communications between you and BLC (including its website) are secured with state of the art encryption software. Your personal information including all information provided via the questionnaire on this website cannot be accessed or seen by other users.  BLC will never share any of your personal financial information unless expressly requested by you to do so.  BLC may, in certain instances, collect credit card numbers and related information when an individual proceeds with a loan application. All credit card information submitted to BLC is encrypted and is protected with SSL encryption software. BLC will only use such information as a pass through entity for purposes of facilitating the processing and completing of authorized transactions.

As a prerequisite for using the services of “BLC”,  you will indemnify, defend, and hold harmless “BLC,” lenders and suppliers from and against any and all losses, costs, liabilities, damages, and/or expenses (including, without limitation, reasonable attorneys’ fees and expert witness fees) in connection with any claim,  suit, action, judgment, or other proceeding as a result of you using our website and services, including without limitation any claims alleging facts that if true would constitute a breach by you of this Agreement.

NEITHER PARTY SHALL HAVE ANY LIABILITY HEREUNDER FOR ANY INDIRECT, INCIDENTAL, SPECIAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES INCLUDING, WITHOUT LIMITATION, LOSS OF PROFIT OR BUSINESS OPPORTUNITIES, WHETHER OR NOT THE PARTIES WERE ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. IN NO EVENT WILL THE TOTAL AGGREGATE LIABILITY OF EITHER PARTY FOR ANY CLAIMS, LOSSES OR DAMAGES ARISING OUT OF THIS AGREEMENT EXCEED THE TOTAL AMOUNT OF FEES AND OTHER CONSIDERATION RECEIVED BY OR DUE TO BLC UNDER THIS AGREEMENT.  THE FOREGOING LIMITATION OF LIABILITY AND EXCLUSION OF CERTAIN DAMAGES SHALL APPLY REGARDLESS OF THE SUCCESS OR EFFECTIVENESS OF OTHER REMEDIES.

YOU, OR YOUR COMPANY, HEREBY AKNOWLEDGE THAT BLC MAKES NO, AND HEREBY SPECIFICALLY DISCLAIMS ANY, EXPRESS WARRANTIES, REGARDING THE PRODUCTS AND SERVICES CONTEMPLATED BY THIS AGREEMENT, HOWEVER BLC AKNOWLEDGES THAT ALL IMPLIED WARRANTIES PERTAINING TO THIS AGREEMENT REMAIN ENFORCEABLE. BLC DOES NOT WARRANTEE THE REPRESENTATIONS, ASSURANCES OR COMMITMENTS OF ANY INDIVIDUAL LENDER, OR THE SERVICES THEY CLAIM TO OFFER ON BEHALF OF ANY BORROWER ENLISTING THEIR SERVICES THROUGH THE BLC WEB SITE.

Any claim or controversy arising out of or relating to the use of the Websites, to the goods or services provided by “BLC,” or to any acts or omissions for which you may contend BLC is liable, including but not limited to any claim or controversy as to arbitrability (“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 venued in Montgomery County, Pennsylvania. The arbitrator shall be selected pursuant to the AAA rules.

As a result, you are giving up your right to go to court to resolve your dispute.  In addition, you are also giving up your right to participate or bring class actions. Your rights will be determined by neutral arbitrators and not by a judge or jury.

CONFIDENTIAL INFORMATION:

For purposes of this Agreement, “Confidential Information” means all financial or credit information relating to the Borrower including without limitation and whether oral or written, information relating to the respective personal and business credit information (and all portions thereof), prospective business opportunities, assets, operations, finances, trade secret and proprietary information, techniques, inventions, innovations, business plans, financial information, business forecasts, manuals, ideas, concepts, business methods, know-how, processes, development, customer information, equipment, algorithms, software programs, software source documents, source code, object code and formulae related to the current, future and proposed products and services of Borrower.

Except as expressly permitted herein, or separately agreed to in writing signed by the Borrower, BLC shall keep confidential and not disclose to any third party or use for its own benefit, or for the benefit of any third party, any Confidential Information disclosed by the Borrower to BLC.  BLC agrees to secure and protect the Confidential Information of the Borrower in the same manner as it would secure and protect its own Confidential Information and agrees to take appropriate action by instruction or agreement with its lenders who are permitted access to the Confidential Information.