Borrower Authorizations - Borrowers Capital

Credit & background

Signature authorization

Appraisal payment (ACH)

Declarations

Servicing & payments

Wire instructions

Print name *

SSN *

Date of birth *

Address *

Credit and background authorization *

I authorize Dynamo Capital LLC to obtain consumer reports and investigative consumer reports about me, including business and commercial credit reports, background, civil, criminal, judgment, lien and bankruptcy records, and to verify my identity, credit history, accounts and references, for evaluating my credit application and any extension or modification of credit. I understand I am not obligated to give this authorization, I release the lender and its agents from liability for furnishing and obtaining this information, and a copy of this authorization is as valid as the original. Credit is only pulled on entity members who own 20% or more of the borrowing entity.

Recurring pulls

I authorize a recurring background and credit pull every 90 days, as needed, for current or new loans. I may cancel at any time by contacting Dynamo Capital LLC; this authorization stays in effect until canceled.

Signature *

Borrower name *

Loan number (if you have one)

Borrower authorization *

I authorize the Lender/Broker (Dynamo Capital LLC) to verify my past and present employment earnings records, bank accounts, stock holdings, and any other asset balances needed to process my loan application, to order a consumer credit report, and to verify other credit information including past and present mortgage and landlord references. A copy of this form also serves as authorization. The information is only to be used in processing my application.

Borrower signature *

Subject property full address *

Bank name (business account only) *

ACH routing number *

Account number *

Appraisal ACH authorization *

I authorize Dynamo Capital LLC to initiate a one-time ACH debit from my business bank account for the cost of any appraisal related to the loan application. I understand the appraisal fee is a separate charge from the loan and will only be collected by ACH if the loan does not close for any reason; that I am responsible for the appraisal fee regardless of the outcome of my application; and that the charge is non-refundable once the appraisal order has been placed, even if the loan is denied or withdrawn.

Print name *

Phone *

Email *

Signature *

Are there any outstanding judgments against you? *

Yes

Have you, any officer of your company, or any guarantor been involved in a bankruptcy? *

Yes

Have you ever been convicted of a felony? *

Yes

Are you personally, or is your business, involved in any lawsuits or pending litigation? *

Yes

Have you directly or indirectly been obligated on any loan that resulted in foreclosure, transfer of title in lieu of foreclosure, or judgment? *

Yes

Are you, or your business, presently delinquent or in default on any federal debt or any other loan, mortgage, financial obligation, bond, or loan guarantee? *

Yes

Are you obligated to pay alimony or child support? *

Yes

Are you a guarantor, co-maker, or endorser for any debt of an individual, corporation, or partnership? *

Yes

Is any of your stated income likely to be reduced or interrupted within the next year? *

Yes

Do you have any outstanding letters of credit or surety bonds? *

Yes

Are there any lawsuits or legal actions pending against you? *

Yes

Are you contingently liable on any lease or contract? *

Yes

Are any of your tax obligations past due? *

Yes

Are all of your personal and business tax obligations current? *

Yes

Have you or your company ever used a private lender in the past? *

Yes

Are you a U.S. citizen? *

Yes

Are you a permanent resident alien? *

Yes

Are any of the tax returns of any party being audited or contested? *

Yes

Is any party related through a family, financial, voting or control interest to any other party in this transaction (sellers, lenders, Realtors, settlement agents)? *

Yes

Will there be any other senior or subordinate liens or encumbrances on the property, including seller carry-backs, second liens or other financing? *

Yes

Is the subject property being purchased as part of a flip or wholesale transaction? *

Yes

Are there any other partnerships, affiliate relationships, joint ventures or side agreements with an ownership or financial interest in the property? *

Yes

Do you waive the right to receive a copy of the appraisal before signing loan documents? *

Yes

Other contingent liabilities (describe, if any)

Explain any "Yes" answers (include dates, lender names, and reasons)

Individual name *

Authorized contact for your loan: name *

Contact email *

Contact phone *

Servicing contact *

I understand Dynamo Capital will correspond with one designated contact person per borrowing entity, and I will notify them in writing if this information or the borrowing entity’s structure changes.

Would you like to set up monthly ACH payments from your business account?

Yes

Borrower name

Loan number

Bank name

Bank address

Business name on bank account

Account type

Select an option

Checking
Savings

Routing number

Account number

Voided check or bank letter

PDF or image of a voided check or a letter from your bank.

Monthly ACH authorization

I authorize the lender to initiate monthly ACH debits from this business account for amounts due under my loan, and to adjust the amount if the payment changes. If my bank dishonors a payment, a $50 NSF fee (or the legal maximum) may be debited and the payment will be due by wire. I may withdraw this authorization with 15 days’ written notice.

Entity name (if applicable)

Print name

Title

ACH signature

Do you need to give wire instructions (for draws, proceeds or payoff)?

Yes

Subject property address

Business name on bank account

Business address

Bank name

Wire routing number

Account number

Wire accuracy

I understand I am fully responsible for the accuracy of this wire information. Wire routing numbers can differ from check routing numbers; I have confirmed the correct wire details with my bank. Dynamo Capital is not liable for delays, fees or loss of funds caused by incorrect or incomplete information.

Print name

Phone

Wire signature

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