Apply for a business loan in Australia
How to get a business loan
When applying for a business loan, it's essential to prepare a detailed business plan and fully inform the lender about your proposed venture. This information helps the lender to provide you with the right type of finance and advice.
Decisions to make
Deciding that your business needs a loan is only the first step. There are a number of things to consider before you approach a lender; how much do you need to borrow; what type of loan will you need; how long will you need it for; can the business afford to repay the loan, interest and any one-off or ongoing fees that come with the loan; what security can you offer the lender and how this affects the interest rate offered.
Find and compare loan options for your business with the Infochoice Small business loan tool.
Online repayment calculators are a good tool in researching options but make sure you take the following into account:
Access to funds you borrow
If you need to access the funds on a semi regular basis (i.e. to help with cash flow to keep the business operating while waiting for your customers to pay for goods etc.), 'at call' loans such as an overdraft or line of credit are designed for this purpose. However, if you need the funds to buy a new business or equipment etc. to expand your existing business you will need the funds 'upfront'. This is also known as a ‘fully drawn advance’ and provides you with the entire loan amount all at once.
Loan terms
Loans provided upfront will need a portion of the loan plus interest paid back at regular intervals. The repayment amount will depend on the term or length of the loan. To determine the loan term suitable for your business you will need to calculate how much you can afford to service the loan. Be aware that the longer the loan term the more total interest you will pay. Loans that are at call have no fixed terms.
Ongoing funding
This is the average amount of an overdraft or line of credit that is used at any one time. E.g. You may wish to have an overdraft limit of $20,000 to provide money for the occasional big expense, but usually you won't use more than $5000 of that credit limit on average. So in this case $5,000 is the level of ongoing funding you need.
When applying for an overdraft limit, things to watch out for are:
- higher the overdraft amount higher the fees
- clauses where the lender can demand repayment of the whole loan at any time.
Fixed or variable interest rate
The choice of rate will affect the stability of repayments, overall cost of the loan and the loan features available. With a fixed rate loan the lender bears the risk of interest rate moves, while with a variable rate you will bear this risk. Ultimately, the choice of variable or fixed rates will depend upon how much free cash flow your business generates after you have paid all your expenses, including loan repayments. If your business has a low profit level, a variable rate loan repayment may rise beyond your ability to pay.
Loan security
Loans can be secured or unsecured by various types of assets, including residential, commercial, rural property or business assets. Alternatively, some loans are unsecured by any asset. Generally the less you provide for security the higher the interest rate will be. Be aware the lender has the legal right to seize any property or asset you offer as security if you can't repay a loan on time.
Fees
There can be fees which can make a loan less attractive than it first seems. These include one-off fees such as establishment/application fees, exit/discharge fees and early termination fees or regular fees such as service fees or line/credit advance fees. The Business Loan Finder tool includes the cost of set-up and ongoing fees in the average monthly repayment to give you a better idea of the true cost of the loan.
Seek advice
The information provided here will provide you with a range of possible finance options. It is important to seek advice from your accountant or business advisers before approaching a lender for a loan.
Tip: Use our below Cashflow forecasting template to plan your cash flow and work out how much you need to lend.
Plan the business, plan the finance
Lenders will ask for a lot of in-depth information about the financial history of the business. It's also important for you to create a convincing and detailed business plan which should include a profit and loss budget and cash flow forecast. The information you use to build your business plan may also be needed by the lender to assess your project. This includes both the past and future plans for your business, the people working in it and the market itself.
The outcome of your application is strongly influenced by how well your proposal is researched and how well it is presented.
Risk assessment
Banks and other lenders will look at your businesses risk profile when considering your loan application. Understanding what lenders look for and what they consider risky will help you present your business in a favourable manner.
As a general rule, lenders look for:
- the level and nature of your security (what you're offering to give them if you can't repay the loan)
- your ability to make regular loan repayments (cash flow risk)
- your ability to ultimately repay the debt (business risk), including any other debts you might already have.
You need to be able to assess the level of cash flow or business risk in your specific circumstances. A projection of the cash requirements of the business is most important to a lender, as it is the actual cash left after expenses that will repay the loan, not income. It also shows you are an effective manager.
A lender's perception of risk
The following factors can influence your lender's perception of risk. If a number of these areas apply to you and your business you may need to consider another source of finance.
Risk factors:
- start up businesses incorporate financial, business and management risk
- lack of security
- lack of business history
- industry sector, factors will include levels of competition, barriers to entry, profitability profile and current economic conditions
- highly seasonal businesses e.g. suimsuits, agriculture. You'll need to demonstrate how you'll deal with cash flow pressures in the off season
- lack of planning, market knowledge and finance skills
- poor credit history.
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Auto car Loan in USA
KEEP COMMUNITY SUPPORT IN YOUR COMMUNITY
Donate your unwanted car to SARAH.
By helping us, you help others!
Your donation of a car, truck, or RV helps SARAH's mission of assisting individuals with intellectual disabilities. Proceeds from the sale of donated items fund various programs and services that SARAH provides to the over 650 adults and children that we serve and the families that rely upon us.
For more information or to donate, contact the SARAH Foundation office at 203-453-6531 or email Beth atbeth@sarahfoundation.org
Thank you, your donation will make a difference!
We accept most vehicle donations.
2. My car/truck is not in working condition, can I still donate it?
Yes, we accept cars in all working conditions. Depending on the age, mechanical status and/or physical appearance, a determination is then made to where the donation will be processed. All cars must have an engine and should be tow-able. Cars that are in excessively poor condition may be declined as the cost of the towing may exceed the value of the donation.
3. What does the SARAH Foundation do with the vehicles?
Depending on the above mentioned factors, the vehicles are either sold at retail, auction or salvage outlets. The proceeds go to support the various programs and services that the SARAH Family of Agencies provides to those with intellectual disabilities.
4. What paperwork is needed to donate?
For cars, only a valid title, signed to the SARAH Foundation is needed for donation.
5. What if I do not have my title?
You will need to get a duplicate title from the DMV. For information and a copy of the application; go to www.CT.gov
6. Are there any expenses that are passed onto the donor for towing, etc?
The SARAH Foundation appreciates all donations that are received, and we incur all charges.
7. What is the process and timing for donating a vehicle?
Donations are processed with a phone call to the SARAH Foundation where a staff member will contact you verifying all of the information. From there a determination is made on how the donation will be processed. Depending on the overall condition, mileage, etc. a licensed dealer will be identified to process the donation. The vehicle information is immediately faxed to them and they will call you directly to arrange a pick-up.
8. How quickly will it be to pick up the car and do I need to be there?
Depending on the number of donations received, the donations are usually picked up within a few days. If there is a need to pick-up quickly (ex: moving, etc) please inform us and we will try to accommodate your needs. We make the donation process as easy on you as possible so you do not need to be there. It is important that you remove the license plate and all personal items and leave the keys and title with the vehicle. Discuss with the dealer where to leave the items. If they arrive and the title and/or keys are not there, they will be unable to take the donation.
9. Is my donation still eligible for a tax deduction under the new law?
Yes, the SARAH Foundation is a 501(c)(3) non-profit organization and your donation is tax deductible. However, individual tax situations vary so please check with a tax professional.
10. How much will I receive as a tax deduction for my donation?
Beginning January 1, 2005, the IRS now allows you to claim a tax deduction of:
(a) The fair market value of your vehicle up to $500, or
(b) The amount that we sell it for (If more than $500 and/or we do not put a lot of work in the vehicle before selling it).
For additional information, the IRS provides a Donor's Guide to Car Donations. The link to IRS Publication 4303 and the new law revision will answer additional questions.
11. Do I get a receipt of my donation?
Yes, we will follow up with a receipt within 30 days of the sale of the item with all of the necessary information needed for filing your taxes.
12. So you have a donation, now what?
Start right away! You can call the office directly at 203.453.6531 or email Beth at beth@sarahfoundation.org. We thank you!
Donate your unwanted car to SARAH.
By helping us, you help others!
Your donation of a car, truck, or RV helps SARAH's mission of assisting individuals with intellectual disabilities. Proceeds from the sale of donated items fund various programs and services that SARAH provides to the over 650 adults and children that we serve and the families that rely upon us.
For more information or to donate, contact the SARAH Foundation office at 203-453-6531 or email Beth atbeth@sarahfoundation.org
Frequently Asked Question for Car Donations
1. What can I donate?We accept most vehicle donations.
2. My car/truck is not in working condition, can I still donate it?
Yes, we accept cars in all working conditions. Depending on the age, mechanical status and/or physical appearance, a determination is then made to where the donation will be processed. All cars must have an engine and should be tow-able. Cars that are in excessively poor condition may be declined as the cost of the towing may exceed the value of the donation.
3. What does the SARAH Foundation do with the vehicles?
Depending on the above mentioned factors, the vehicles are either sold at retail, auction or salvage outlets. The proceeds go to support the various programs and services that the SARAH Family of Agencies provides to those with intellectual disabilities.
4. What paperwork is needed to donate?
For cars, only a valid title, signed to the SARAH Foundation is needed for donation.
5. What if I do not have my title?
You will need to get a duplicate title from the DMV. For information and a copy of the application; go to www.CT.gov
6. Are there any expenses that are passed onto the donor for towing, etc?The SARAH Foundation appreciates all donations that are received, and we incur all charges.
7. What is the process and timing for donating a vehicle?
Donations are processed with a phone call to the SARAH Foundation where a staff member will contact you verifying all of the information. From there a determination is made on how the donation will be processed. Depending on the overall condition, mileage, etc. a licensed dealer will be identified to process the donation. The vehicle information is immediately faxed to them and they will call you directly to arrange a pick-up.
8. How quickly will it be to pick up the car and do I need to be there?
Depending on the number of donations received, the donations are usually picked up within a few days. If there is a need to pick-up quickly (ex: moving, etc) please inform us and we will try to accommodate your needs. We make the donation process as easy on you as possible so you do not need to be there. It is important that you remove the license plate and all personal items and leave the keys and title with the vehicle. Discuss with the dealer where to leave the items. If they arrive and the title and/or keys are not there, they will be unable to take the donation.
9. Is my donation still eligible for a tax deduction under the new law?
Yes, the SARAH Foundation is a 501(c)(3) non-profit organization and your donation is tax deductible. However, individual tax situations vary so please check with a tax professional.
10. How much will I receive as a tax deduction for my donation?
Beginning January 1, 2005, the IRS now allows you to claim a tax deduction of:
(a) The fair market value of your vehicle up to $500, or
(b) The amount that we sell it for (If more than $500 and/or we do not put a lot of work in the vehicle before selling it).
For additional information, the IRS provides a Donor's Guide to Car Donations. The link to IRS Publication 4303 and the new law revision will answer additional questions.
11. Do I get a receipt of my donation?
Yes, we will follow up with a receipt within 30 days of the sale of the item with all of the necessary information needed for filing your taxes.
12. So you have a donation, now what?
Start right away! You can call the office directly at 203.453.6531 or email Beth at beth@sarahfoundation.org. We thank you!
Graduate Student Loan Variable Rate
Graduate Student Loan Variable Rate
(1): The ANNUAL PERCENTAGE RATE (APR) is the highest Prime Rate as stated in the Wall Street Journal (index) plus a margin of 5.00% to the value of the index. The rate on new and existing balances will change on the 1st day of each year to reflect any change in the index.
We will use the index value available to us as of 10 days before the date of any APR adjustment. The maximum ANNUAL PERCENTAGE RATE will never be greater than the maximum rate allowed by state law in North Carolina which is currently 18.00%. There is a minimum ANNUAL PERCENTAGE RATE of 5.00% (floor). Any increase in APR will result in higher payments until what you owe has been repaid.
The maximum credit limit will be based on school certification and actual cost of attendance and your documented ability to repay, less any other financial assistance and aid received up to a maximum limit of $170,000.00. The minimum loan amount will be $5,000.00. The Credit Union reserves the right to adjust your Limit at any time based on its discretion.
Draw period is the period during which you may request advances (subject to the limitations specified in advances) This period begins after the first advance is disbursed to the school and continues until: (1) you graduate; (2) you fail to maintain satisfactory progress according to the school’s standards ; (3) you fail to maintain enrollment as at least a half-time student; (4) you withdraw from the school, or (5) you fail to sign a reaffirmation upon the credit union request. The Draw period may also be terminated if you fail to provide verification of information. Termination of the Draw period places you into the Grace Period.
Advances: You may only use advances for educational expenses as outlined in the applicable program’s tuition fee schedule and all funds will be disbursed directly to your school. During the Draw period the school must certify funds and provide proof of satisfactory progress and proof of enrollment as at least a half-time student status at intervals requested by the credit union.
After the initial advance, finance charges (interest) will begin to accrue immediately, calculated by taking the unpaid balance for each day since your last payment (or advance if you have not yet made a payment) and multiplying that by the applicable daily periodic rate.
Full Deferment: If you maintain the conditions set forth in the Draw period, you shall have the option of fully deferring principal and interest on the line of credit until graduation or the termination of the Draw period. If you default on either condition or graduates, the Draw period ends and you will immediately enter the six month Grace period.
Grace period: No payment of principal or interest shall be due during the six (6) month period immediately following the Draw period. If you leave school and return prior to entering repayment, you will receive the full six (6) month grace period when you leave school again as long as you have maintained the conditions set forth in the Draw period.
(1): The ANNUAL PERCENTAGE RATE (APR) is the highest Prime Rate as stated in the Wall Street Journal (index) plus a margin of 5.00% to the value of the index. The rate on new and existing balances will change on the 1st day of each year to reflect any change in the index.
We will use the index value available to us as of 10 days before the date of any APR adjustment. The maximum ANNUAL PERCENTAGE RATE will never be greater than the maximum rate allowed by state law in North Carolina which is currently 18.00%. There is a minimum ANNUAL PERCENTAGE RATE of 5.00% (floor). Any increase in APR will result in higher payments until what you owe has been repaid.
Draw period is the period during which you may request advances (subject to the limitations specified in advances) This period begins after the first advance is disbursed to the school and continues until: (1) you graduate; (2) you fail to maintain satisfactory progress according to the school’s standards ; (3) you fail to maintain enrollment as at least a half-time student; (4) you withdraw from the school, or (5) you fail to sign a reaffirmation upon the credit union request. The Draw period may also be terminated if you fail to provide verification of information. Termination of the Draw period places you into the Grace Period.
Advances: You may only use advances for educational expenses as outlined in the applicable program’s tuition fee schedule and all funds will be disbursed directly to your school. During the Draw period the school must certify funds and provide proof of satisfactory progress and proof of enrollment as at least a half-time student status at intervals requested by the credit union. After the initial advance, finance charges (interest) will begin to accrue immediately, calculated by taking the unpaid balance for each day since your last payment (or advance if you have not yet made a payment) and multiplying that by the applicable daily periodic rate.
Full Deferment: If you maintain the conditions set forth in the Draw period, you shall have the option of fully deferring principal and interest on the line of credit until graduation or the termination of the Draw period. If you default on either condition or graduates, the Draw period ends and you will immediately enter the six month Grace period.
Grace period: No payment of principal or interest shall be due during the six (6) month period immediately following the Draw period. If you leave school and return prior to entering repayment, you will receive the full six (6) month grace period when you leave school again as long as you have maintained the conditions set forth in the Draw period.
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Sources of Financial Aid in USA
The cost of higher education in the United States rises year after year, and many students are finding that they are unable to support themselves. There are a number of other avenues that you can explore when looking for sources of funding for your education.
Many of these organizations require you to be in your home country when you apply, so plan ahead, as they can be very competitive.
In some instances, it may be possible for you to participate in a formal exchange between your home institution and the institution you wish to attend in the United States. You can get more information on such exchanges by contacting the international student offices at the U.S. institution or by contacting the corresponding office at your institution. It is possible for this kind of person-for-person exchange to reduce expenses.
Immigration regulations are very strict with respect to working while carrying a student visa. F-1 status, which is the most common status for full-time international students, allows for part time, on-campus employment (fewer than 20 hours per week.) J-1 student status allows for similar employment, with similar restrictions, as long as permission is given by the exchange visitor program sponsor. Visit our Working in the USA pages for more information on employment opportunities and restrictions for F1 students. M-1 visa holders for technical and vocational programs are not permitted to work during the course of their studies.
Jobs available on campus typically do not pay much, certainly not enough to finance a university education. Do not count on this kind of a job for anything more than a supplement to other funds.
Careful long- and short-term planning is necessary to ensure that you will have a rewarding educational experience in the United States. If you are realistic about your financial needs, you will be better able to enjoy the exciting academic and cultural experience of living and learning in the United States.
On-line Scholarship Search
Research scholarship and financial aid options online. The following sites provide information specifically for international students:Your Home Country
Your own home country could possibly be a source of funding, either from organizations or companies from your home country or you government. For instance, Saudi Arabia launched a program that provides full scholarships to over 10,000 Saudi students studying in the USA. Investigate this option thoroughly before you leave. Bear in mind when you are applying for aid from your home country that there may be some stipulations involved. For example, you may have to return home to your country once you have graduated.International Organizations
There are several international organizations, such as the Fulbright Commission, who grant aid to students all over the world. Other such organizations that offer aid are:Many of these organizations require you to be in your home country when you apply, so plan ahead, as they can be very competitive.
U.S. Universities
Many U.S. colleges and universities offer limited financial aid for international students through their financial aid offices. In general, however, there is much less money available for undergraduate study in the United States than there is for graduate study. Visit our Schools Awarding Financial Aid pages to see which US schools offer aid to international students. Private institutions can sometimes discount or reduce the costs of tuition; public institutions seldom have this option. You should request information about financial aid when you request an application form from the institution's admissions office.In some instances, it may be possible for you to participate in a formal exchange between your home institution and the institution you wish to attend in the United States. You can get more information on such exchanges by contacting the international student offices at the U.S. institution or by contacting the corresponding office at your institution. It is possible for this kind of person-for-person exchange to reduce expenses.
U.S. Government
International students are not eligible for U.S. federal aid such as Stafford Loans or Plus Loans. However, there may be other sources of funding if you are an international student coming into the U.S. to study, so check with the U.S. embassy in your home country.Your family
The biggest source of income for international students is your family. A recent study by the Institute of International Education (http://www.iie.org) showed that nearly 65% of all international students in the USA were funded by there family and relatives, with college and university funding coming in second. International student funding can be quite competitive, so your family may be another source of funding for you to explore.International Student Loans
International students are not eligible for U.S. government-backed loans like Stafford Loans or Plus Loans, but international students are eligible for private international student loans to study in the USA. As long as you attend an approved school, and have a US citizen or permanent resident to co-sign for you, you can borrow as much as you'll need. Be careful about taking on too much debt, you should only borrow what you truly need to cover the cost of studying and living in the US.Employment
As you begin to think about funding sources for your educational and living expenses in the United States, remember that you cannot count on working in the United States unless you have been granted a teaching or research assistantship. When you submit evidence of your financial resources, you cannot reply on potential income. The income on which you base your application must be assured, and it must be equal to or exceed the costs of the first year of your studies.Immigration regulations are very strict with respect to working while carrying a student visa. F-1 status, which is the most common status for full-time international students, allows for part time, on-campus employment (fewer than 20 hours per week.) J-1 student status allows for similar employment, with similar restrictions, as long as permission is given by the exchange visitor program sponsor. Visit our Working in the USA pages for more information on employment opportunities and restrictions for F1 students. M-1 visa holders for technical and vocational programs are not permitted to work during the course of their studies.
Jobs available on campus typically do not pay much, certainly not enough to finance a university education. Do not count on this kind of a job for anything more than a supplement to other funds.
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Details About Loans For Study In USA
International Student Loans
You should always carefully evaluate how much money you will need to study in the USA. Then you will need to research and apply for scholarships, financial aid from your school, and find money from any other source, including family funds. After exhausting these avenues, most international students still have a funding gap, and that's where international student loans come in.
What is an International Student Loan
Federal student loans are popular with US students studying in the US, but they are not available to international students. Instead, international students are eligible for international student loans, specialized private education loans available to international students studying in the US.International Student Loans are now a very realistic way to finance your education in the US. Loans are very flexible, and can offer loan amounts high enough to pay for your entire education, but with extended repayment terms and reasonable interest rates, so you can afford the repayment after you graduate.
Co-Signers
All international students applying for loans must have a US co-signer in order to apply. A co-signer is legally obligated to repay the loan if the borrower fails to pay. The co-signer must be a permanent US resident with good credit who has lived in the US for the past two years. The co-signer is often a close friend or relative who can assist in getting credit, since most international students cannot receive credit on their own.Interest
Interest is the amount charged by the lender in addition to the amount of money that you borrowed. The interest rate is calculated based on an index plus a margin that will add an additional percentage interest rate depending on your co-signer’s creditworthiness. The two most common indexes used for international students are the Prime Rate and LIBOR Rate.- Prime Interest Rate – This index is determined by the federal funds rate which is set by the US Federal Reserve.
- LIBOR – The LIBOR (London Interbank Offered Rate) is based on the British Bankers’ Association and is used on the London interbank market. The rate is an average of the world’s most creditworthy bank’s interbank deposit rates for overnight and one year terms.
Repayment
Repayment will vary depending on the loan option you choose. Since most international students are not able to work while they study in the US, repayment must be considered as an extremely important feature in your loan. You will need to consider how much the monthly payments will be, when payments will begin, and how long you will be able to defer paying back the loan. The repayment period generally ranges from 10-25 years, but the larger the loan, the longer the repayment period. The standard repayment plan options are:- Full Deferral – Students are able to defer payment until 6 months after graduation as long as full-time status is maintained. Students can defer payments for a maximum of four years, which is the typical length of a degree.
- Interest Only – International students only pay the interest while in school, up to four consecutive years, and can defer the principal until 45 days after graduation, or when the student drops their course load to part-time.
- Immediate Repayment – Payments on both interest and principal are due immediately once the loan has been dispersed.
Frequently Asking Questions
Who is eligible to apply for international student loans?
Students who are not US citizens or non-citizen permanent residents and who are attending an eligible US college or university may apply for international student loans.What can international student loans be used for?
International student loans can be used for education-related expenses such as tuition, books, fees, insurance, and room and board.What is the maximum loan amount I can apply for?
You can apply for up to the total cost of education, minus other aid, as determined by your school. In order to determine your maximum loan amount, you will need to contact your school’s financial aid office. After you apply and receive credit approval for you and your co-signer, your school must certify the amount of the loan.
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Get Loan Terms and Conditions
OVERVIEW
This website is operated by Loan Modification Depot. Throughout the site, the terms “we”, “us” and “our” refer to Loan Modification Depot. Loan Modification Depot offers this website, including all information, tools and services available from this site to you, the user, conditioned upon your acceptance of all terms, conditions, policies and notices stated here.
By visiting our site and/ or purchasing something from us, you engage in our “Service” and agree to be bound by the following terms and conditions (“Terms of Service”, “Terms”), including those additional terms and conditions and policies referenced herein and/or available by hyperlink. These Terms of Service apply to all users of the site, including without limitation users who are browsers, vendors, customers, merchants, and/ or contributors of content.
Please read these Terms of Service carefully before accessing or using our website. By accessing or using any part of the site, you agree to be bound by these Terms of Service. If you do not agree to all the terms and conditions of this agreement, then you may not access the website or use any services. If these Terms of Service are considered an offer, acceptance is expressly limited to these Terms of Service.
Any new features or tools which are added to the current store shall also be subject to the Terms of Service. You can review the most current version of the Terms of Service at any time on this page. We reserve the right to update, change or replace any part of these Terms of Service by posting updates and/or changes to our website. It is your responsibility to check this page periodically for changes. Your continued use of or access to the website following the posting of any changes constitutes acceptance of those changes.
SECTION 1 – WEBSITE TERMS
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We are not responsible if information made available on this site is not accurate, complete or current. The material on this site is provided for general information only and should not be relied upon or used as the sole basis for making decisions without consulting primary, more accurate, more complete or timelier sources of information. Any reliance on the material on this site is at your own risk.
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SECTION 4 – MODIFICATIONS TO THE SERVICE AND PRICES
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We reserve the right to refuse any order you place with us. We may, in our sole discretion, limit or cancel quantities purchased per person, per household or per order. These restrictions may include orders placed by or under the same customer account, the same credit card, and/or orders that use the same billing and/or shipping address. In the event that we make a change to or cancel an order, we may attempt to notify you by contacting the e-mail and/or billing address/phone number provided at the time the order was made. We reserve the right to limit or prohibit orders that, in our sole judgment, appear to be placed by dealers, resellers or distributors.
You agree to provide current, complete and accurate purchase and account information for all purchases made at our store. You agree to promptly update your account and other information, including your email address and credit card numbers and expiration dates, so that we can complete your transactions and contact you as needed.
For more detail, please review our Returns Policy.
SECTION 7 – OPTIONAL TOOLS
We may provide you with access to third-party tools over which we neither monitor nor have any control nor input.
You acknowledge and agree that we provide access to such tools ”as is” and “as available” without any warranties, representations or conditions of any kind and without any endorsement. We shall have no liability whatsoever arising from or relating to your use of optional third-party tools.
Any use by you of optional tools offered through the site is entirely at your own risk and discretion and you should ensure that you are familiar with and approve of the terms on which tools are provided by the relevant third-party provider(s).
We may also, in the future, offer new services and/or features through the website (including, the release of new tools and resources). Such new features and/or services shall also be subject to these Terms of Service.
SECTION 8 – THIRD-PARTY LINKS
Certain content, products and services available via our Service may include materials from third-parties.
Third-party links on this site may direct you to third-party websites that are not affiliated with us. We are not responsible for examining or evaluating the content or accuracy and we do not warrant and will not have any liability or responsibility for any third-party materials or websites, or for any other materials, products, or services of third-parties.
We are not liable for any harm or damages related to the purchase or use of goods, services, resources, content, or any other transactions made in connection with any third-party websites. Please review carefully the third-party’s policies and practices and make sure you understand them before you engage in any transaction. Complaints, claims, concerns, or questions regarding third-party products should be directed to the third-party.
SECTION 9 – USER COMMENTS, FEEDBACK AND OTHER SUBMISSIONS
If, at our request, you send certain specific submissions (for example contest entries) or without a request from us you send creative ideas, suggestions, proposals, plans, or other materials, whether online, by email, by postal mail, or otherwise (collectively, ‘comments’), you agree that we may, at any time, without restriction, edit, copy, publish, distribute, translate and otherwise use in any medium any comments that you forward to us. We are and shall be under no obligation (1) to maintain any comments in confidence; (2) to pay compensation for any comments; or (3) to respond to any comments.
We may, but have no obligation to, monitor, edit or remove content that we determine in our sole discretion are unlawful, offensive, threatening, libelous, defamatory, pornographic, obscene or otherwise objectionable or violates any party’s intellectual property or these Terms of Service.
You agree that your comments will not violate any right of any third-party, including copyright, trademark, privacy, personality or other personal or proprietary right. You further agree that your comments will not contain libelous or otherwise unlawful, abusive or obscene material, or contain any computer virus or other malware that could in any way affect the operation of the Service or any related website. You may not use a false e-mail address, pretend to be someone other than yourself, or otherwise mislead us or third-parties as to the origin of any comments. You are solely responsible for any comments you make and their accuracy. We take no responsibility and assume no liability for any comments posted by you or any third-party.
SECTION 10 – PERSONAL INFORMATION
Your submission of personal information through the store is governed by our Privacy Policy. To view our Privacy Policy.
SECTION 11 – ERRORS, INACCURACIES AND OMISSIONS
Occasionally there may be information on our site or in the Service that contains typographical errors, inaccuracies or omissions that may relate to product descriptions, pricing, promotions, offers, product shipping charges, transit times and availability. We reserve the right to correct any errors, inaccuracies or omissions, and to change or update information or cancel orders if any information in the Service or on any related website is inaccurate at any time without prior notice (including after you have submitted your order).
We undertake no obligation to update, amend or clarify information in the Service or on any related website, including without limitation, pricing information, except as required by law. No specified update or refresh date applied in the Service or on any related website, should be taken to indicate that all information in the Service or on any related website has been modified or updated.
SECTION 12 – PROHIBITED USES
In addition to other prohibitions as set forth in the Terms of Service, you are prohibited from using the site or its content: (a) for any unlawful purpose; (b) to solicit others to perform or participate in any unlawful acts; (c) to violate any international, federal, provincial or state regulations, rules, laws, or local ordinances; (d) to infringe upon or violate our intellectual property rights or the intellectual property rights of others; (e) to harass, abuse, insult, harm, defame, slander, disparage, intimidate, or discriminate based on gender, sexual orientation, religion, ethnicity, race, age, national origin, or disability; (f) to submit false or misleading information; (g) to upload or transmit viruses or any other type of malicious code that will or may be used in any way that will affect the functionality or operation of the Service or of any related website, other websites, or the Internet; (h) to collect or track the personal information of others; (i) to spam, phish, pharm, pretext, spider, crawl, or scrape; (j) for any obscene or immoral purpose; or (k) to interfere with or circumvent the security features of the Service or any related website, other websites, or the Internet. We reserve the right to terminate your use of the Service or any related website for violating any of the prohibited uses.
SECTION 13 – DISCLAIMER OF WARRANTIES; LIMITATION OF LIABILITY
We do not guarantee, represent or warrant that your use of our service will be uninterrupted, timely, secure or error-free.
We do not warrant that the results that may be obtained from the use of the service will be accurate or reliable.
You agree that from time to time we may remove the service for indefinite periods of time or cancel the service at any time, without notice to you.
You expressly agree that your use of, or inability to use, the service is at your sole risk. The service and all products and services delivered to you through the service are (except as expressly stated by us) provided ‘as is’ and ‘as available’ for your use, without any representation, warranties or conditions of any kind, either express or implied, including all implied warranties or conditions of merchantability, merchantable quality, fitness for a particular purpose, durability, title, and non-infringement.
In no case shall Loan Modification Depot, our directors, officers, employees, affiliates, agents, contractors, interns, suppliers, service providers or licensors be liable for any injury, loss, claim, or any direct, indirect, incidental, punitive, special, or consequential damages of any kind, including, without limitation lost profits, lost revenue, lost savings, loss of data, replacement costs, or any similar damages, whether based in contract, tort (including negligence), strict liability or otherwise, arising from your use of any of the service or any products procured using the service, or for any other claim related in any way to your use of the service or any product, including, but not limited to, any errors or omissions in any content, or any loss or damage of any kind incurred as a result of the use of the service or any content (or product) posted, transmitted, or otherwise made available via the service, even if advised of their possibility. Because some states or jurisdictions do not allow the exclusion or the limitation of liability for consequential or incidental damages, in such states or jurisdictions, our liability shall be limited to the maximum extent permitted by law.
SECTION 14 – INDEMNIFICATION
You agree to indemnify, defend and hold harmless Loan Modification Depot, LoanModDepot, LoanModDepot.com and our parent, subsidiaries, affiliates, partners, officers, directors, agents, contractors, licensors, service providers, subcontractors, suppliers, interns and employees, harmless from any claim or demand, including reasonable attorneys’ fees, made by any third-party due to or arising out of your breach of these Terms of Service or the documents they incorporate by reference, or your violation of any law or the rights of a third-party.
SECTION 15 – SEVERABILITY
In the event that any provision of these Terms of Service is determined to be unlawful, void or unenforceable, such provision shall nonetheless be enforceable to the fullest extent permitted by applicable law, and the unenforceable portion shall be deemed to be severed from these Terms of Service, such determination shall not affect the validity and enforceability of any other remaining provisions.
SECTION 16 – TERMINATION
The obligations and liabilities of the parties incurred prior to the termination date shall survive the termination of this agreement for all purposes.
These Terms of Service are effective unless and until terminated by either you or us. You may terminate these Terms of Service at any time by notifying us that you no longer wish to use our Services, or when you cease using our site.
If in our sole judgment you fail, or we suspect that you have failed, to comply with any term or provision of these Terms of Service, we also may terminate this agreement at any time without notice and you will remain liable for all amounts due up to and including the date of termination; and/or accordingly may deny you access to our Services (or any part thereof).
SECTION 17 – ENTIRE AGREEMENT
The failure of us to exercise or enforce any right or provision of these Terms of Service shall not constitute a waiver of such right or provision.
These Terms of Service and any policies or operating rules posted by us on this site or in respect to The Service constitutes the entire agreement and understanding between you and us and govern your use of the Service, superseding any prior or contemporaneous agreements, communications and proposals, whether oral or written, between you and us (including, but not limited to, any prior versions of the Terms of Service).
Any ambiguities in the interpretation of these Terms of Service shall not be construed against the drafting party.
SECTION 18 – GOVERNING LAW
These Terms of Service and any separate agreements whereby we provide you Services shall be governed by and construed in accordance with the laws of the State of New York in the United States.
SECTION 19 – CHANGES TO TERMS OF SERVICE
You can review the most current version of the Terms of Service at any time at this page.
We reserve the right, at our sole discretion, to update, change or replace any part of these Terms of Service by posting updates and changes to our website. It is your responsibility to check our website periodically for changes. Your continued use of or access to our website or the Service following the posting of any changes to these Terms of Service constitutes acceptance of those changes.
Questions about the Terms of Service should be sent to us at info@loandmodificationdepot.com.
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