Terms and Conditions of Service with B2B Funding and Its Affiliate Lenders

DECLARATIONS

BY COMPLETION OF THIS APPLICATION, YOU AGREE AND DECLARE THAT:

You understand that B2B Funding is affiliated with different lenders.

You understand the legal obligation, risks, costs, rights, implications and nature of the financial product.

You acknowledge and agree that we may cede, transfer, or assign our rights under this Application, including the Terms and Conditions and all related documents, to any third party. By signing this Application, you provide your general consent for us to cede, assign, transfer, or otherwise dispose of these rights to any third party with whom we collaborate.

We may share information and documents related to you, the Agreement, and your conduct under the Agreement (as permitted by law) with any transferee, provided that the transferee maintains the confidentiality of such information and complies with all applicable legal requirements regarding its confidentiality.

The statements, details provided, and responses given in this Application are truthful, honest, complete, and accurate in all respects. Any party with an interest in the Agreement, now or in the future, may rely on the accuracy and truthfulness of the information contained in this Application and any supporting documentation or information you have provided.

If there are any other material facts that you believe and/or know could influence our assessment of and decision regarding this Application, you will share it with us.

We are required to obtain certain mandatory information documentation from you, in terms of the Financial Intelligence Centre Act no. 38 of 2001 (“FICA”). Should you fail, refuse or neglect to furnish all such required information to us, we reserve the right not to proceed with and consider this Application. We will not be liable for any Loss whatsoever arising therefrom.

PRIVACY

WE HAVE INFORMED YOU THAT:

We collect and utilize the personal information you provide in the Application to evaluate your eligibility for the Product. This process includes conducting necessary due diligence, such as credit and background checks, and sharing your information with our affiliates and partner companies involved in delivering financial services to you. Additionally, we may send you relevant marketing communications, which you can opt out of at any time.

PURPOSE, USE AND STORAGE OF PERSONAL INFORMATION:

Determine your eligibility for our services and process your finance application, which includes conducting criminal, commercial, credit, and personal background checks / provide you with finance and repeated support (if your application is approved), including sharing your personal information with financial institutions and our affiliates lenders.

• Monitor your credit card sales and related business activities;
• Provide administrative services and for customer service related purposes;
• Send marketing and promotional content to you ourselves or via our affiliates;
• Improve, customise and optimise our services; enable us to conduct internal research and statistical analysis;
• Administer any customer loyalty benefits from time to time;
• Improve our understanding of the marketplace and how you use our services;
• Your information will be stored for a minimum period of five years or as long as we are legally required to, whichever is longer.
• Further, should your application not be successful or you fail to repay any loan amount, you hereby consent to us storing such information for as long as we deem appropriate in order to use it against you on any future applications for finance that you may apply for.

YOU ACKNOWLEDGE, AUTHORISE AND AGREE THAT THE INFORMATION PROVIDED TO US IN THIS APPLICATION AND THE VERIFYING THEREOF MAY BE USED FOR ANY PURPOSE THAT IS NECESSARY AND RELATED TO YOUR APPLICATION, INCLUDING SHARING OF YOUR INFORMATION WITH THE FOLLOWING PEOPLE:

• Lenders who will facilitate the provision of the financial product (if the application is successful) and may also conduct their own verification.
• Other companies or individuals (not associated with us) who also facilitate the provision of financial product.
• You consent that these companies or individuals will process and further process the information shared to facilitate the provision of the financial product.
• An insurer or a re-insurer related to the provision of the financial product.
• Any person with whom we propose to enter into contractual relations for the purpose of concluding the financial product to you, such as a security trustee or other party under a securitisation scheme
• Any party to whom we intend to cede, transfer or otherwise dispose of, or will cede, transfer or otherwise dispose of.
• Our rights under this Application and the Terms and Conditions and all documents incorporated therein.
• Any credit bureau, to verify and confirm details and in respect of your creditworthiness as a result of its knowledge of your history in the servicing of other agreements;
• Any credit bureau, to verify and confirm details in respect of your directors and / or authorised representative’s credit worthiness, as a result of its knowledge of their history in the servicing of other agreements.
• Any person who may have a lawful entitlement to the information; persons who have related and relevant products which might interest you and who may wish to market them to you.

YOU HEREBY CONSENT TO THE USE, DISCLOSURE, AND STORAGE OF YOUR PERSONAL INFORMATION FOR THE ABOVE PURPOSES.