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IMPORTANT INFORMATION ABOUT PROCEDURES FOR PROCESSING THIS BUSINESS LOAN APPLICATION ("APPLICATION")
– To help the government fight the funding of terrorism and money laundering activities, federal law requires financial institutions to obtain, verify and record information that identifies each person who applies for a loan. What this means to you: As part of the Application process, we will ask for the name, address, date of birth, and other information that will allow us to identify the business owner(s) and guarantor(s). We may also ask to see their driver’s license or other identifying documents. Depending upon various factors, loans will be made by either Thunderbird Commercial Credit ("TBCC") or its affiliated companies. By signing and submitting this Application, the undersigned certifies that (i) I am authorized to apply for business financing on behalf of the entity identified above in the Company Information section, (ii) the information provided within this Application is true and accurate, and (iii) I will promptly notify TBCC of any material changes to such information. This Application must be accompanied by additional supporting documents and information as directed by the lender in order to be considered for approval. The undersigned authorizes TBCC to submit this Application and any other supporting documents and information to its affiliated companies, including an affiliated lender. By submitting this Application, the undersigned authorizes TBCC or its affiliated companies, as the case may be, and its respective agents, assignees and/or third-party providers to make all inquiries deemed necessary to verify the accuracy of the information provided in this Application (including requesting business and personal credit bureau reports from credit reporting agencies and other sources). TBCC may order a valuation to determine the value of property proposed as collateral and charge the applicant for this valuation, and, if the valuation relates to a first lien on a residential property, TBCC will promptly give the applicant a copy of any such valuation, even if a loan does not close. The undersigned further acknowledges the applicant can pay for an additional valuation for its own use at its cost. The undersigned agrees and understands that TBCC and/or its affiliated companies will retain this Application and all supporting documents and information whether or not a loan closes.