IFundWomen Inc. acts as a Referral Agent with our partners, ACAP GP and The Loan Source Inc., (the Lender) for the IFundWomen PPP Referral Program (The Program) WHEREAS, in the event the government enacts additional legislation: (i) to further fund the Paycheck Protection Program (“PPP”), and/or (ii) to authorize additional government-funded economic stimulus program loans (collectively, the “Referred PPP Loans”), IFundWomen as the Referral Agent refer borrowers to Lender seeking Referred PPP Loans; and WHEREAS, the Lender desires to work with IFundWomen (Referral Agent) to originate Referral PPP Loans.
ACAP was created to better service PPP loans. ACAP is an SBA-approved non-bank servicing partner, our mission is to provide complete PPP loan servicing solutions while improving PPP equity. In partnership with The Loan Source, dedicated to PPP origination, the ACAP team is committed to helping banks and borrowers, while reducing risks, accelerating loan income, and improving access.
IFundWomen hereby acknowledges and agrees that: (i) Lender shall have the right to extend loans under the standard SBA 7(a) or 504 loan programs (the “Additional Loans”) to any Borrower of Referred PPP Loans, and (ii) any such loan may be subject to a Referral Fee, as outlined in exhibit A, but excluded from the terms and provisions of this specific PPP program.
Except as permitted under this Agreement or as otherwise necessary to perform its obligations hereunder, each party will not, nor will it permit its respective employees, agents, attorneys, or independent contractors to, disclose, use, distribute, sell, license, publish, or otherwise make available Confidential Information of the other party.
By participating in this Program (i.e. creating an ACAP account), you agree to receive emails regarding event invites, funding opportunities, and the occasional promotional material IFundWomen.
IFundWomen is not a loan provider, servicer, or manager. IFundWomen does not hold any information on borrower details, borrower eligibility, loan status, or other sensitive account information.
By participating in this Program, (creating an ACAP account, applying for in this program, receiving a disbursement), you agree to the aforementioned IFundWomen Terms and Conditions and the Terms and Conditions of ACAP and The Loan Source. Read more about ACAP GP + The Loan Source Terms and Conditions here.