Lender Terms & Conditions

Business Lending Connection: Lender Referral Agreement

Business Lending Connection (BLC) will function as an independent contractor and will provide services as a referral broker to your company and/or to any of your subsidiaries or affiliated companies. The relationship between Lender and BLC is, and shall be for all purposes, an independent contractor relationship and neither this agreement nor anything contained herein, or implied, shall constitute any other relationship. For the avoidance of doubt, the parties acknowledge and agree that this agreement shall not operate as, or constitute, an offer of partnership, joint venture, consultancy or contract of employment.

BLC will be acting under this agreement as a Referral Broker and will not, hold itself out as or purport to be an agent, partner or representative of Lender or as authorized to speak or act in any manner on behalf of, or as agent of Lender for any purpose whatsoever, or incur any debt or obligation in the name of Lender. BLC shall have no authority to contract for or in the name of Lender or to bind Lender in any manner whatsoever either with Borrowers or with any other party.

BLC will provide, to each potential borrower upon filling out an on line BLC application, notice of the existence of this agreement and the general relationship established with each Lender. BLC accepts no responsibility for the accuracy and integrity of any borrower information once submitted to Lender. The Lender will assume full responsibility to validate all such credit, earnings, and personal information and rely exclusively on their own underwriting research to make an informed lending decision. Lender will promptly notify BLC of any lending decisions made of behalf of any potential borrower referred by BLC. There will be no commissions charged to lender at any time.

Each party will at all times respect and protect the confidentiality of information acquired under this agreement (except as may be otherwise required by law). Each party will maintain any Confidential Information in strict confidence and, not to divulge any of the Confidential Information to any third party and in addition not to communicate, indicate or suggest to any third party the existence of the Confidential Information. Neither the Lender nor BLC, nor their principals, officers, employees, agents or associates, are obliged to disclose to the other party or anyone else any information if disclosure would or might be a breach of duty or confidence to any other person or would be contrary to any laws.

Each party will pay its own costs and expenses (including legal fees) in connection with the negotiation, preparation, execution and delivery of this agreement and the performance of its obligations hereunder.

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 or “360 Business Solutions, Inc” UNDER THIS AGREEMENT. THE FOREGOING LIMITATION OF LIABILITY AND EXCLUSION OF CERTAIN DAMAGES SHALL APPLY REGARDLESS OF THE SUCCESS OR EFFECTIVENESS OF OTHER REMEDIES.