Clone of Enrollment Agreement 37526

Enrollment Agreement:

Thank you for your interest in enrolling with Cred Tech Ai and/or one of our subsideraies. Please complete the information below so we can get your business set up, and we can identify the lenders in our portfolio that will be the best fit for your business. If you have any questions, please call (844) 995-4657.

What is the legal name of your Business

Make sure you include (LLC, PA, Inc)

What are the goods or services you sell (i.e. Home Improvements, Golf Carts, etc.)

Business Address

Street Address

Street Address Line 2

CityState / Province

Postal / Zip Code

Business Phone Number

Format: (000) 000-0000.

What is the Business email

Who is the contact person we should call or email?

First NameLast Name

Contact person's phone number if different than above

Please enter a valid phone number.Format: (000) 000-0000.

Contact person's email if different than above

example@example.com

What is your Business website?

What is the Owner's name

First NameLast Name

How many loans do you close every month?

What is the average loan amount requested?

Please list the financing companies you are currently using.

If you were referred by anyone, please list their name here.

Fees Charged By Cred Tech Ai

Cred Tech Ai was designed so that you can use our platform and technology at no final costs to your business. We do this by charging the Applicant a convience fee equal to 3.75% of the total loan amount requested or $175 whichever is greater. This fee is only charged if they get approved and they accept a loan offer.

Since most people will want to finance our fee, it becomes a part of the loan and therefore it may be paid to your business when you are paid by the lender. When that happens, we will invoice your business for the collection of our fee after we have verified you have been funded.

Do you understand and agree to the fee structure and collection of such as outlined above?

Lenders and Lender Fees:

Cred Tech Ai has nothing to do with what the lenders charge as a Merchant Fee on each closing, and we will keep all of your current plans in place (assuming you want them). The fees most of our lenders charge range from 0% for people with excellent credit, to as much as 22% for people with very poor credit. However, the average fees range between 7% and 12%. When setting up your platform, the fees your current lenders charge you on each funding will remain the same. With that stated; we can program your technology so that you decide the maximum fee you are willing to pay on any loan closing. Doing so, here is what you can expect:

If the fee is less than the maximum percentage you agreed to pay: If the fee is less than what you agree to pay as a maximum, you will only be charged the actual fee. For example: If you have agreed to pay up to 10% on each funding and the lender fee plus our 3.75% is only 5.75%, you will net a 94.25% payout after the subtraction of our 3.75%.
If the lender fee is higher than what you agree to pay: If the fee being charged by the lender is higher than what you have agreed to pay as a maximum, the amount above the agreed upon percentage will be passed on to the Applicant and become a part of their new loan amount. For example: If you agreed to pay a maximum fee of 10% on any funding and the lender making an offer is charging 11% plus our 3.75% (total of 14.75%)... The Applicant will end up financing the base loan amount plus an additional 4.75%. As such, you will still only pay 10% and net 90%.

What is the maximum fee as a percentage you will pay on any funding?

Enrollment Deposit:

There is a lot of work involved in getting your business enrolled with new lenders and setting up your platform based on your decisions. As such, we cannot afford to have a business decide to enroll "just becuase it is free". As such, we charge an enrollment deposit of $375 that is returned as soon as you close $10,000 in loan volume from which we have collected our 3.75% fee (equal to $375). It is handled like this... As stated above, our fee of 3.75% is financed in the new loan each applicant takes out. Since it is financed, it will be paid to your business along with your normal payout from the lender. In order to credit back your $375 deposit, we do not invoice you for the first $10,000 in loan volume you close using our platform.

Do you understand and accept the terms of the Enrollment Deposit?

If you have a Promo Code, enter it here

Next Steps / Lender Onboarding:

As soon as you submit this enrollment request, one of our Team Members will contact you to discuss potential lender options. You will also be directed to our "Lender Onboarding Agreement". That form will start out by showing you what documents you will need to gather prior to completing the form itself. Once you have those documents in place, you will need to complete the form and get it submitted. PLEASE NOTE: The typical time frame to get fully enrolled with the lenders can be two to three weeks.

Do you understand the Next Steps?

Please click the "Submit" button below. Once we receive this form we will contact you to complete the enrollment process. If you have any questions or concerns, please call (844) 995-4657.