Electronic Communications Disclosure

The Electronic Disclosure Notice and Consent Agreement is part of the Terms and Conditions that appears at the end of the Sageworks loan application.

Terms and Conditions

By clicking the “I agree to all terms and conditions” check box, I/we consent to receiving the below disclosures related to this loan application electronically and acknowledge that I/we have read and understand these disclosures.
You may retain a copy of the disclosures by printing them or by saving them to a file on your personal computer. Printed copies of these disclosures may be obtained by calling 615-425-7171.

Credit Authorization

Southeast Community Capital Corp. (dba Pathway Lending) is hereby authorized to make all inquiries we deem necessary to obtain credit information on the borrower(s) and guarantor(s) named in this loan request in order to determine the credit-worthiness of the undersigned. Furthermore, the undersigned hereby authorizes any person or consumer reporting agency of whom the institution makes such inquiries to respond thereto in full.  Each of the undersigned authorizes such agencies or creditors to answer questions about their credit experience with the undersigned. Applicant will be responsible for any and all costs incurred in determining credit-worthiness and loan approval or denial.

Electronic Disclosure and Consent Agreement

Please read this Federal Electronic Signatures in Global and National Commerce Act (“E-Sign”) Disclosure and Consent carefully and keep a copy for your records. By clicking the Save and Continue button on the Disclosure webpage you consent to the electronic delivery of the disclosures, agreements, change notices, terms and conditions, statements and any other documents related to the account(s) you applied for. You also agree that we do not need to provide you with additional paper (non-electronic) copies of the disclosures, agreements, change notices, terms and conditions and any other documents, unless specifically requested. Once you consent to the electronic disclosures, your request for paper copies may result in a fee. Please contact us for more information about the fee.

Electronic Disclosure and Consent Agreement

In order to use the Online Loan Application and to access, receive and retain the disclosures, agreements, change notices, terms and conditions, statements and any other documents, you must provide, at your own expense, an Internet connected device that is compatible with Pathway Lending’s Online Loan Application deployed at the time of access. Your device must meet the minimum requirements outlined below. You also confirm that your device will meet these specifications and requirements and will permit you to access and retain the disclosures, agreements, change notices, terms and conditions, statements and any other documents electronically each time you access and use online products.

Please click on the HTML links to review each of the disclosures prior to completing the account application. In order to retain, you may print the documents by selecting “Download”. Select your printer and click OK or select SAVE to retain a copy on your PC. If you are working on a public computer, you should not engage in this online account application.

If you do not want to receive the disclosures, agreements, change notices, terms and conditions, statements and any other documents electronically, you should exit this area of our website. If you do not consent to receiving these documents electronically, please contact your loan officer or call us at 615-425-7171 in order to receive instructions for completing your loan application.

System Requirements to Access Information

To receive an electronic copy of the disclosures, agreements, change notices, terms and conditions, statements and any other documents you must have the following equipment and software:

    • A personal computer or other device which is capable of accessing the Internet. Your access to this page verifies that your system/device meets these requirements.
    • An Internet web browser which is capable of supporting 128-bit or better encryption, like Microsoft Internet Explorer or Google Chrome. It is recommended to always use the latest version of your web browser. Your access to this page verifies that your browser and encryption software/device meets these requirements.
    • You must have software which permits you to receive and access Portable Document Format or “PDF” files, such as Adobe Acrobat Reader. It is recommended to always use the latest software version. Your access to this page verifies that your system/device has the necessary software to permit you to receive and access PDF files.

Withdrawl of Electronic Acceptance of Disclosures and Notices

You may withdraw your consent to receive disclosures, agreements, change notices, terms and conditions, statements and any other documents, in electronic form for any of your accounts by contacting us:

We may treat your provision of an invalid email address or the subsequent malfunction of a previously valid address as a withdrawal of your consent to receive electronic statements or documents. Any withdrawal of your consent to receive electronic statements will be effective only after we have a reasonable period of time to process your withdrawal.

How to Update Your Records

It is your responsibility to provide us with true, accurate and complete email address, contact, and other information related to this Disclosure and your account(s), and to maintain and update promptly any changes in this information. You can update information such as your email address by:

Important Information about Procedures for Opening a New Account

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account, including business accounts.

What this means for you: When you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.

Notification of the Right to Receive a copy of the Appraisal:

We may order an appraisal to determine the property's value and charge you for this appraisal. We will promptly give you a copy of any appraisal, even if your loan does not close. You can pay for an additional appraisal for your own use at your own cost.

Notice: The federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract); because all or part of the applicant's income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The Federal agency that administers compliance with this law concerning this creditor is the Federal Trade Commission, 600 Pennsylvania Ave., NW, Washington DC 20580.

Acknowledgements and Agreements

By clicking the “I agree to all terms and conditions” check box above, I/we represent to Pathway Lending that:

  1. I/We are authorized to execute this credit request on behalf of the business named in this application;
  2. The information provided in this application is true and correct. Any intentional or negligent misrepresentation of this information contained in this application may result in civil liability, including monetary damages, to any person who may suffer any loss due to reliance upon any misrepresentation that I/we have made on this application, and/or in criminal penalties including, but not limited to, fine or imprisonment or both under the provisions of Title 18, United States Code, Sec. 1001, et seq.
  3. If the loan application is for a real estate secured loan, the loan requested will be secured by a mortgage or deed of trust on the property described in this application; and the property will not be used for any illegal or prohibited purpose or use;
  4. All statements made in this application are made for the purpose of obtaining a Commercial Loan;
  5. Pathway Lending will retain the original and/or an electronic record of this application, whether or not the Loan is approved;
  6. Pathway Lending may continuously rely on the information contained in the application, and I/we are obligated to amend and/or supplement the information provided in this application if any of the material facts that I have represented herein should change prior to closing of the Loan;

My transmission of this application as an "electronic record" containing my "electronic signature," as those terms are defined in applicable federal and/or state laws (excluding audio and video recordings), shall be as effective, enforceable and valid as if a paper version of this application were delivered containing my original written signature.

Acknowledgement:
I/We acknowledge that Pathway Lending may verify any information contained in this application or obtain any information or data relating to the Loan, for any legitimate business purpose through any source, including a source named in this application or a consumer reporting agency. Pathway Lending may make inquiries to obtain business reports on the business entity named in this application.