Credit Profile Agreement

This Credit Profile Agreement was last updated December 7, 2022

Credit and Background Check Authorization

This authorization applies to OnDeck Capital Inc., its subsidiaries and affiliates operating under the OnDeck brand, its bank partners, and their agents, service providers, successors and assigns (collectively “Us”, “Our”, or “We”). You understand and agree that We are authorized to contact third parties to conduct background checks and other investigative reports, including but not limited to your business credit card sales data as described below, and make credit report inquiries (including requesting personal credit bureau reports about you and any other owner(s) of the business who will be providing a personal guarantee, and business credit bureaus about your company, in either case, from credit reporting agencies and other sources) or for any other lawful purpose. We have such authority for the foregoing in connection with any extension of credit to the company on whose behalf you are applying, conducting credit file updates, ongoing credit reviews, renewal of financing, or referral of your business to third party lenders. Upon your written request, we will advise you if we obtained a credit report. You understand and agree that We are making no commitment or guarantee that any product, evaluation, or guidance provided by us will result in an approval of credit from OnDeck or from a bank that originates credit through one of the OnDeck platforms (“OnDeck Banking Partner”).

Credit Card Data Collection

You understand and agree that We are authorized to contact third party credit card processors and networks used by your company in order to obtain historical and ongoing information/metrics related to:

  1. Your company, including, but not limited to, company name, address, phone number, and industry; and
  2. Your company’s credit card sales, including, but not limited to, transaction spend, number of transactions, and repeat customers.

Such information and metrics will be used by Us for purposes of providing Our services, including, but are not limited to, sales agent call routing, underwriting, customer management, and enhancement of Our credit model.