WellSpring Funding

Please read these Terms of Use carefully before using the WellSpring Funding website. By using this website, you agree to be bound by the following terms and conditions:

1. Authorization: By using this website and indicating your agreement to these Terms of Use, you represent that you are authorized on behalf of the business listed in the application (referred to as the "Applicant") to make and submit the application, accompanying documents, and provide the consent and authorizations outlined herein.

2. Signing Authority: If your application is approved, you are authorized to sign business financing documentation on behalf of the Applicant. Please note that certain business financing products may require a personal guaranty.

3. Accuracy of Information: You acknowledge and affirm that all information provided to WellSpring Funding and its trusted partners is accurate and complete. Furthermore, you agree to promptly notify WellSpring Funding of any changes to the provided information.

4. Reliance on Information: WellSpring Funding and its trusted partners may rely on the accuracy of the information you provide. Therefore, it is your responsibility to ensure the information is up to date and accurate.

5. Sharing of Information: WellSpring Funding may share all information and documents, excluding consumer credit reports, with its trusted partners to fulfill the Applicant's requests.

6. Information Sharing: WellSpring Funding and its trusted partners may share information they have about you and the Applicant for administrative, marketing, and servicing purposes as permitted by law. Your personal information may also be shared with the Applicant as part of the underwriting process.

7. Waiver and Release: By agreeing to these Terms of Use, you and the Applicant waive and release any claims against any information provided concerning the release of information.
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8. Credit Gathering Authorization: You agree to and accept all terms of the WellSpring Funding Credit Gathering Authorization, as specified on the website.
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9. Arbitration Agreement: By using the WellSpring Funding website or requesting contact from WellSpring Funding for marketing purposes, you agree to arbitrate all claims between you and WellSpring Funding (and any entity calling on behalf of WellSpring Funding) on an individual basis only and not as part of any class. This arbitration agreement covers all past, current, and prospective interactions with WellSpring Funding. By agreeing to arbitration, you waive your rights to a trial by jury, participation in a class action lawsuit or class action arbitration, and bringing an action against WellSpring Funding in a court of law. You may individually arbitrate any claim against WellSpring Funding in any jurisdiction in the United States. The arbitration shall be governed by the rules of the American Arbitration Association, with the terms of the WellSpring Funding Terms of Application and Terms of Use prevailing in case of any inconsistency. The arbitrator will have the authority to interpret the Terms of Application, decide the arbitrability of any claim, and resolve issues related to the scope of arbitration, rules of arbitration, arbitrator's jurisdiction, and enforceability of the Terms of Application. You acknowledge that the Terms of Application involve commerce under 9 U.S.C. Sections 1 et seq. and that this Arbitration Agreement is governed by federal law, including the Federal Arbitration Act. The remainder of the Terms of Application is governed by the laws of New York.

10. Important Information about Opening a New Account: Federal law requires all financial institutions to obtain, verify, and record information that identifies each person and entity that opens an account or establishes a relationship with such an institution. This information includes name, address, date of birth, social security or tax identification number, and other information that allows the financial institution to verify your and/or the entity's identity. You may also be asked to provide identifying documents.
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Please review our Privacy Policy for information on how we collect, use, and protect your personal information.
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If you do not agree to these Terms of Use, please refrain from using the WellSpring Funding website.