FTC Disclosures
FUNDING ACCELERATOR SERVICE RULES
These rules are here so that we both can have and understanding of their services and approach our program with all information.
1. Lending Conditions Determine Funding Ability
Your Funding ability is a subject to change due to lending conditions Innovative Accelerator LLC is committed to you to adjust strategy based on best practices.
2. Set up and Onboarding Call Required within 48 Hours
The initial call to understand your profile is required upon getting started. I understand that best practices for funding plans may result in a slower timeline if we believe you’re best option would be to wait a defined period of time with action steps to complete, in order to have a potential higher limit approved., I agree to cooperate with Innovative Accelerator LLC in order to perform next steps in order to continue with services.
3. No Guarantee Nor Prediction of Funding Results
I understand that as a result of participating in applying for funding with different lenders and institutions with the Funding Accelerator as a service; I will not hold Innovative Accelerator LLC liable for denied applications, however Innovative Accelerator LLC will exhaust commercial efforts to help you get approved for funding with alternative strategies. YOUR RESULTS WILL DEPEND ON VARIOUS FACTORS OUTSIDE OUR CONTROL AND CANNOT BE GUARANTEED NOR PREDICTED BY ANYONE.
4. Participation Requirements
I understand that I will have steps to take in applying for funding included but not limited to opening up new bank accounts, setting up entities, depositing funds at newly established accounts and or any other recommendations provided by working with our specialists on your funding applications.
If you purchased the Funding Accelerator program from FundingAccelerator.com, you must understand that you will need to pay a Success Fee on Approved Credit Facilities. Please read and understand the Terms below:
1. You agree to pay us the Success Fee of 10% (Ten Percent) of the maximum credit limit or maximum gross loan amount of each credit facility approved with our assistance and understand that Success Fees are due within 14 business days after you receive access to funds. For Credit Card Approvals, we allow you to pay the Success Fee using the actual Credit Card(s) you receive in the mail. We may submit up to a Maximum of 15 Credit Applications for you and/or your Business to Lenders we select. Any additional Credit Applications will need your written authorization. We cannot guarantee that you will be approved for any particular amount of financing, or any financing at all. Results vary from Client to Client. We will not honor any request to limit, restrict, and/or exclude any Lender(s) or Financial Product(s) from our internal list of potential Lenders that we may submit your Credit Application to. By using our Service you are trusting our judgment in selecting all Lenders and Financial Products and understand that any applications submitted on your behalf will result in hard inquiries being made to one or more of the credit bureaus, and that we cannot know ahead of time which bureaus will be used.
2. You must be actively involved in the application process and follow our instructions in a timely manner. We will always do as much as possible to save you time and facilitate the process for you, but there are certain things you will need to do yourself. You must be honest and tell us the truth about how much you are approved for with each lender, and you must be ready and willing to accept all the unsecured financing we obtain for you up to your requested maximum – whether it is a Loan, Line of Credit, or Credit Card, and you must not intentionally sabotage any Approvals we obtain for you by failing to provide information, failing to do verification calls, and/or declining Approvals.
3. You must inform us of each lender’s approval or denial decision in a timely manner. You will do this by providing us with either an approval or denial letter from the lender within a maximum of 30 calendar days from each credit application’s submission date. If you fail to provide an Approval or Denial Letter within 30 Days, we will assume you were approved and funded and charge you the respective success fees. Any success fee that is past-due more than 30 calendar days will be sent to collections which will result in a collection account showing on your personal credit reports and other possible collection actions. All collection costs will be your responsibility and added to the amount due.
4. Credit Facilities approved with our assistance are subject to adverse changes by the lender at any time after being approved. These possible adverse changes include but are not limited to credit limit reductions, interest rate increases, and account closure. We will not be held responsible for any such adverse changes that may occur after the credit facility’s initial approval.
5. No Credit Repair Provided: We cannot assist you in the process of repairing credit issues. If your personal credit is not near the Ideal Personal Credit Profile explained above, we recommend you bring in someone who is as close as possible to the Ideal Personal Credit Profile to be the President of the Corporate Entity in order to achieve the best results.
6. Funding Capacity is Not a Guaranteed Funding Amount: If a Funding Capacity is stated for any particular corporate entity, such capacity is a good faith discretionary estimate of the total amount of financing that can be obtained with the corporate entity assuming you have Good and Clean Personal Credit and aggressively pursue financing over several funding rounds (and not quickly on the 1st funding round).
TERMS SPECIFIC TO CREDIT CARD PAYMENTS:
1. You authorize us to charge you credit card for the purchase price, and agree that if you decide to split this payment among more than one of your credit cards, that each of your credit cards may be charged without the need for additional authorizations, as long as the total charge does not exceed the purchase price.
2. You certify that we have verified your credit card (front and back) and photo identification to confirm your identity, and that you are both the customer and the cardholder in this transaction.
3. You accept the Product(s) provided for the Purchase Price as delivered in full as soon as the Articles of Incorporation/Organization are shipped to the billing address on your credit card account and the tracking number is provided to you via email. This shipping confirmation shall serve as final proof of the Product(s) being delivered to you satisfactorily, and as final proof that the amount charged has been fully earned.
4. You understand that Partial Payment(s) towards the Purchase Price shall be considered as a Non-Refundable Deposit towards the Purchase Price in exchange for the reservation of the Corporate Entity(s) above for a mutually agreed-upon period of time, which shall never exceed 30 Days. In the event this time period expires and the balance of the Purchase Price is not yet paid, you agree that your Partial Payment(s) shall become Store Credit, available for future use with us for a maximum period of 6 months, after which the store credit will expire.
5. You agree that due to the intrinsic nature of the Product(s), the Product(s) and any associated Service(s) (if any) that may be included with Product(s) cannot be cancelled and are NON-REFUNDABLE.
Credit Card Fraud: What You Need To Know
There are many types of Credit Card Fraud but here’s one that we believe you should be aware of and here is how we can protect ourselves:
TYPE 1: Identity Theft
This happens when someone uses your Identity and your Credit Card without your Authorization. To prevent this, we have an FTC-Required “Know Your Customer” Identity Verification Process. Government Regulations require us to verify the identity of each Client by obtaining a copy of the Client’s Photo Identification. We are also required by our Merchant Processor to obtain a copy of the Credit Card used to make this purchase, and make sure the name on the Credit Card matches the name on the Photo ID.
