Last updated July 9th 2025
In accordance with the USA Patriot Act, Lenders and Casca acting as service provider for Lenders are required to collect pertinent information that will be used to verify your identity if you move forward with the application process. This process requires you to provide personal information including Date of Birth and Social Security Number, as well as documentation related to you and your business. You may also be asked to answer a series of questions related only to you. Once verified, a Lender or an authorized party acting on behalf of the Lender may also conduct a site visit as part of the loan application process.
Once and if the loan reaches the closing stage, or Lender and Casca acting as service provider for Lenders may pre-file UCC financing statements in the appropriate office or offices, against the Applicant's tangible and intangible property described in the commitment letter should one be issued. The Lender and Casca acting as a service Provider may agree to terminate these filings promptly should the loan not fund for any reason upon payment of any and all fees and expenses due by theApplicant. The foregoing paragraph is not applicable if the applicant is a governmental entity or quasi-governmental entity and such security interest is prohibited by applicable state law.
You certify that the information provided in your application and all supporting documents and forms is true and accurate. You authorize the Lender and Casca acting on behalf of the Lender to obtain information from your personal credit profile or other information from one or more consumer reporting agencies. You understand that this authorization allows your information to be shared with and evaluated by multiple Lenders to determine loan eligibility. You acknowledge that making a false statement may result in penalties, including fines or imprisonment, depending on applicable state or federal law.
All potential Lenders are Equal Credit Opportunity Lenders. None of the potential Lenders does discriminate 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.
1) The Applicant, on behalf of himself/herself individually, and on behalf of the borrower, including any co-borrower and any and all guarantors (collectively, the"Applicant") has applied for one or more loans (collectively, the"Loan") through Cascading AI Inc. which provides technical services to various financial institutions, (collectively, Lenders). As part of your loan application, we request your authorization to pull your credit report. You understand that by applying for the loan, you are providing"written instructions" under the Fair Credit Reporting Act and theAccurate Credit Transactions Act authorizing a Lender or Casca acting on behalf of the Lender to obtain information from your personal credit profile or other information from one or more reporting agencies. You further acknowledge that may report credit data on your Loan to credit reporting agencies. You understand that the credit pull and reporting on your Loan may affect your credit score. As part of the application process, Lenders and Casca acting as service provider for Lenders will verify information contained in the loan application and in other documents required in connection with the loan to determine the identity and creditworthiness of the Applicant, either before the Loan is closed or as part of ongoing quality control programs. The Applicant also acknowledges and agrees that all authorizations granted in this agreement shall also extend to any now or hereafter existing entities controlled by the Applicant, to the extent any such entity is a customer of Lenders and Casca acting as service provider for Lenders or has applied for an extension of credit.
2) The Applicant hereby authorizes providing Lenders and Casca acting as service provider for Lenders and other Receiving Parties ("Receiving Parties" includes (i) any actual owners of a loan resulting from a loan application or guarantee thereof, as applicable, (ii) any potential purchasers of a loan resulting from a loan application or guarantee thereof, as applicable, or (iii) any acquirers of any beneficial or other interest in the loan (including, but not limited to, theUnited States Small Business Administration, any investor or participant to whom Lenders and Casca acting as service provider for Lenders may sell or participate all or any portion of the loan, any mortgage/title insurer, guarantor, any servicers or service providers for the forgoing parties and anyof aforementioned parties' respective successors and assigns) any and all information and documentation associated with the Loan, including, but not limited to, information relating to the Applicant's employment history, credit history (with permission of the vendor), income, account balances, tax returns, life insurance, property records, flood insurance, property insurance, liability insurance, and/or collateral information.
3) The Applicant hereby understands, acknowledges, and agrees that Lenders and Casca acting as service provider for Lenders and the Receiving Parties are authorized to obtain, use and share the Applicant's tax return (personal or business returns supplied to Cascading AI Inc. or any Lending Partner) information, including transcripts obtained by the IRS, for purposes of (i) originating, maintaining, managing, monitoring, servicing, selling, insuring, or securitizing a loan and all collateral for any such loan; or (ii) as otherwise permitted by applicable laws, including state and federal privacy and data security laws. The terms"Cascading AI Inc." and "Lending Partners," as used in this paragraph, include their respective affiliates, agents (including, but not limited to, attorneys, accountants, appraisers, brokers and lender service providers, and consultants), and any aforementioned parties' respective successors and assigns.
4) Lenders and Casca acting as service provider for Lenders and/or any Receiving Parties shall be entitled to accept and rely upon this authorization and consent with respect to the Applicant and to any party named in the Loan application. Any copy of this authorization and consent, including an electronic copy, shall be deemed an original and may be relied upon by Lenders and Casca acting as service provider for Lenders.