General Acceptance
All applications submitted electronically shall have the same force and effect as if the application bore an inked original signature(s). The above information, together with any accompanying financial statements, schedules, or other materials, is submitted for the purpose of obtaining credit and is warranted to be true, correct, and complete.
US Patriot Act
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person and business that seeks a business loan. What this means for you: When you apply for a loan, we will ask for your business name, address, and Tax Identification Number. We will also ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.
For Loan/Merchant Services
The Merchant and Owner(s)/Officer(s) identified in the application (individually, an “Applicant”) each represents, acknowledges, and agrees that (1) all information and documents provided to Abstract Capital Group including credit card processor statements are true, accurate, and complete, (2) Applicant will immediately notify Abstract Capital Group of any change in such information or financial condition, (3) Applicant authorizes Abstract Capital Group to disclose all information and documents that Abstract Capital Group may obtain including credit reports to other persons or entities (collectively, “Assignees”) that may be involved with or acquire commercial loans having daily repayment features and/or Merchant Cash Advance transactions, including without limitation the application therefor (collectively, “Transactions”) and each Assignee is authorized to use such information and documents, and share such information and documents with other Assignees, in connection with potential Transactions, (4) each Assignee will rely upon the accuracy and completeness of such information and documents, (5) Abstract Capital Group, Assignees, and each of their representatives, successors, assigns, and designees (collectively, “Recipients”) are authorized to request and receive any investigative reports, credit reports, statements from creditors or financial institutions, verification of information, or any other information that a Recipient deems necessary, (6) Applicant waives and releases any claims against Recipients and any information-providers arising from any act or omission relating to the requesting, receiving, or release of information, and (7) each Owner/Officer represents that he or she is authorized to sign this form on behalf of Merchant, (8) I authorize Abstract Capital Group to contact me by email or telephone about this application, account updates, requests for information and notices. This application does not enroll me in marketing texts. SMS permission requires a separate affirmative choice and applies only to Abstract Capital Group; it is not shared with or transferred to affiliates, lenders, financing partners or other businesses for their own messaging, and (9) this request is for business and not for consumer purposes.
For Equipment Services
I hereby certify: (1) the information provided is true and correct, (2) you are hereby authorized to investigate all bank, credit, and trade references, and said references are hereby authorized to release any requested information to you or your nominee, (3) such authorization shall extend to obtaining personal 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, (4) this information may be transmitted by us to you and by you to underwriter(s) for the purpose of granting me credit, either electronically or manually, and that by submitting this application, I take full responsibility for transmission thereof, (5) I am over 18 years of age, (6) I acknowledge my rights under the Fair Credit Reporting Act, (7) I authorize Abstract Capital Group to contact me by email or telephone about this application, account updates, requests for information and notices. This application does not enroll me in marketing texts. SMS permission requires a separate affirmative choice and applies only to Abstract Capital Group; it is not shared with or transferred to affiliates, lenders, financing partners or other businesses for their own messaging, and (8) this request is for business and not for consumer purposes.
Text Messaging
Providing a phone number, submitting a financing inquiry or application, creating an account, or subscribing to email updates does not by itself enroll you in marketing text messages. Marketing SMS requires a separate, affirmative opt-in specifically for Abstract Capital Group. SMS consent is optional and is not a condition of applying for financing, purchasing services, or receiving financing assistance.
The Abstract Capital Group text program covers business advisory services and financing assistance, including marketing messages sent using automated technology to people who separately opt in. Message frequency varies. Message and data rates may apply. Reply STOP to withdraw SMS consent or HELP for assistance once the program is active. For help now, contact info@abstractcapitalgroup.com or call 516-253-1095. Carriers are not responsible for delayed or undelivered messages.
SMS opt-in records and consent apply only to Abstract Capital Group. They are not sold, shared with or transferred to lenders, financing partners, affiliates or other businesses for their own messaging. Service providers may process information necessary to operate our messaging program solely on our behalf. These SMS limits apply even where the application provisions above authorize sharing financing information. See our text messaging privacy and consent policy.
The text program is awaiting activation. You may record your separate SMS choice and read the SMS program terms on our dedicated text signup page. Submitting that form does not send a text or apply for financing.
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 or age (provided the applicant has the capacity to enter into the 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. If for any reason your application for business credit is denied, you have the right to a written statement of the specific reasons for the denial.
Source: Abstract Capital Group’s existing terms of service page .