I/we certify that the above
information is correct and complete and further understand that TBS Factoring
Service, LLC (“TBS”) will rely on this information for the extension of credit.
AUTHORIZATION TO
RELEASE INFORMATION
I understand that the submission of an
application for factoring with TBS Factoring Service, LLC (“TBS”) does not mean
that TBS will factor or provide any financial services whatsoever. I further
understand that approval to factor will come only after the Factoring and
Security Agreement and all supporting forms have been signed and approved by
TBS. I certify the accuracy of the information provided and understand that TBS
will be relying on the accuracy of this information when evaluating the
company’s application. By submitting this application either by mail, fax, or
electronically, the company authorizes TBS to use any credit bureau or business
to verify the validity and accuracy of all information contained herein. I
consent to TBS filing of one or more Initial Financing Statements against me or
the undersigned company in any or all Uniform Commercial Code jurisdictions,
which reflect the collateral as “all assets.” DISCLOSURE OF RIGHT TO REQUEST
SPECIFIC REASONS FOR CREDIT DENIAL GIVEN AT TIME OF APPLICATION (BUSINESS
CREDIT) 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 the
statement, please contact Credit Disclosure Administrator, TBS Factoring
Service, LLC, PO Box 18109 Oklahoma
City, OK 73154 Office (888) 707 5188 within 60 days from the date you are
notified of the credit decision. We will send you a written statement of
reasons for the denial of credit within 30 days of receiving 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 compliance with this
law concerning TBS Factoring Service, LLC is: Federal Trade Commission, Equal
Credit Opportunity, Washington, DC 20580. This page contains a notice required
under the Equal Credit Opportunity Act. The Applicant (that being the Seller,
as referenced in the Factoring and Security Agreement) is entitled to receive
and retain a copy of this notice. When an application for business credit is
made solely by telephone, compliance with the notice requirements may be
satisfied by oral disclosure of the applicant’s right to a statement of the
reasons for a denial of credit.