Terms and Conditions

Terms and Conditions

50StatesBroker acts as an exclusive third-party originator and servicer of commercial loans for state-chartered community banks throughout the United States (“Partner Banks”), collectively referred to herein as “Lender.”

Preliminary Loan Approval

The Preliminary Loan Amount provided is based on pre-underwriting standards consistent with the Lender’s guidelines. It is calculated based on information submitted by the Merchant through the Loan Calculator and is contingent upon the accuracy and truthfulness of the data provided.

The Preliminary Loan Amount is subject to change or withdrawal based on the findings of the Underwriting process, which includes but is not limited to:

1. Review of all financial information provided by the Merchant.

2. Assessment of the creditworthiness of any guarantor(s).

3. Examination of public records related to the business or guarantor, including:

   • Outstanding liens or judgments.

   • Collections, fraud history, or criminal activity.

   • Past bankruptcies.

4. Verification of the Merchant’s business entity status in the state of incorporation or operation.

5. Any additional information that may impact the business’s or guarantor’s ability to repay the loan.

Final Loan Terms

The Preliminary Loan Amount is not deemed final or approved until:

1. The Merchant agrees to and executes all necessary Loan documents.

2. The Loan documents are countersigned and approved by an authorized Officer of the Lender.

Changes to the Preliminary Loan Amount or terms may occur during the underwriting process and will be communicated to the Merchant for review and acceptance.

Disclaimer

If the Merchant has not executed a Universal Merchant Credit Application, the Preliminary Loan Amount provided is for informational and discussion purposes only and does not constitute an offer, approval, or guarantee of financing.