Information Sharing Agreement
The terms of this Information Sharing Agreement were last revised on 4/30/2022.
By indicating your agreement to the terms of this Information Sharing Agreement (by confirming your acceptance by clicking below after reviewing this document) you, in your individual capacity and/or, if applicable, for and on behalf of any other individual person, business, corporation, limited liability company, partnership or other entity listed in the within application (the “Application”) (you and/or such other person or entity submitting the within Application are referred to herein as the “Applicant”), represent, warrant and covenant, that you are authorized on behalf of yourself and/or any other Applicant, to agree and bind the Applicant to this Information Sharing Agreement, and to make and submit representations, warranties and covenants of the Applicant. Applicant acknowledges and agrees that all information that is provided to Loanspark, LLC and/or its representatives, subsidiaries and affiliates (collectively, “Loanspark” or “we”) will be shared with Loanspark’s designated or potential lenders, purchasers and other financing credit or network participants (“Marketplace Participants”) for loan, financing, credit and similar business or commercial financial products (“Financing Products”) or any contract, agreement or other business transaction between the Applicant and Loanspark or any Marketplace Participants (“Transactions”), as contemplated in connection with this Application, and that these Marketplace Participants may contact Applicant using Applicant’s contact information provided to Loanspark, including by email, calls and/or texts regarding Applicant’s request for services of Loanspark, for consideration for Financing Products or any other Transaction and/or otherwise in connection with the Application.
Applicant further acknowledges and agrees that Marketplace Participants and Loanspark may and are hereby authorized to share with each other any and all personal and business information about Applicant, including the terms of any offers, terms or proposals made to Applicant, including credit amounts, interest rates and other terms and conditions of any Financing Product or any Transaction, whether financial, economic, legal or otherwise, ongoing performance information and data for Financing Products or any other Transaction, such as repayment or renewal/extension status (if the Application results in the consummation of a Financing Product or other Transaction), and credit denials or rejections and other adverse actions or reasons (if the Application does not result in the consummation of a Financing Product or other Transaction).
I further acknowledge and agree that potential lenders may and are authorized to share with Loanspark or our processor Loanspark, LLC personal and business information about me and any business entity for whom I am submitting this request, including the terms of any offers made by such potential lender to me or to the business entity for whom I am submitting this request, including credit amount, interest rate and term of any credit facility that such lender may approve, ongoing loan performance data, such as a loan repayment status, if the application results in a loan, and adverse action reasons, if the application does not result in a loan.