Terms & Conditions

Agreement Acceptance

By accessing and using CBS Funding's website and services, you acknowledge that you have read, understood, and agree to be bound by these Terms and Conditions. These terms constitute a legally binding agreement between you and CBS Funding. If you do not agree with any part of these terms, you must immediately discontinue use of our services. Your continued use of our website and services after any modifications to these terms constitutes your acceptance of such changes.

Eligibility Requirements

To qualify for funding services through CBS Funding, you must be at least 18 years of age or the age of majority in your jurisdiction and be a legal resident or citizen of the United States. You must operate a registered business in good standing for a minimum of six months with a valid business tax identification number. Your business must demonstrate verifiable revenue and maintain an active business bank account. All information provided in applications must be accurate and complete, and CBS Funding reserves the right to verify all information and request additional documentation to confirm eligibility.

Funding Terms

CBS Funding offers various business funding products, each with specific terms and conditions. All funding applications are subject to credit review and approval, and submission of an application does not guarantee approval or funding. We evaluate applications based on creditworthiness, business viability, revenue history, and other relevant factors.

Upon approval, you will receive a funding agreement detailing the total funding amount, repayment schedule and amounts, interest rate or factor rate, payment frequency, term length and maturity date, and all applicable fees and charges. You must review and sign the funding agreement before funds are disbursed. Upon execution of the funding agreement, funds will typically be disbursed within one to three business days via ACH transfer to your designated business bank account.

Repayment

You agree to repay the full amount of funding received plus all applicable fees and interest according to the payment schedule outlined in your funding agreement. By accepting funding, you authorize CBS Funding to debit payments from your business bank account via ACH transfer according to the agreed schedule. You must maintain sufficient funds in your account to cover all scheduled payments.

Failure to make scheduled payments on time may result in late payment fees, reporting to credit bureaus which may negatively impact your credit score, acceleration of the entire outstanding balance, legal action to recover amounts owed, and collection costs and attorney fees. You may repay your funding early without penalty by contacting CBS Funding to obtain a payoff statement showing the exact amount required to settle your account in full.

Fees & Charges

CBS Funding may charge various fees in connection with our funding services. These include a one-time origination fee for processing and underwriting your application, late payment fees charged when payments are not received by the due date, returned payment fees assessed when ACH debits are returned due to insufficient funds, and administrative fees for account maintenance and documentation. All applicable fees will be disclosed in your funding agreement before you accept the funding, and fees are non-refundable unless otherwise specified in writing.

Cancellation Policy

You may cancel your funding agreement within three business days of execution without penalty by providing written notice to CBS Funding. If funds have already been disbursed, you must return the full amount within the cancellation period. After the three-day cancellation period, the funding agreement remains in full force and effect, and you remain obligated to fulfill all repayment terms unless you exercise the early repayment option.

Dispute Resolution

In the event of any dispute arising from these Terms and Conditions or your use of CBS Funding's services, you agree to first contact CBS Funding to attempt to resolve the dispute informally through direct communication. Many disputes can be resolved quickly this way. If informal negotiation does not resolve the dispute within 30 days, either party may initiate binding arbitration conducted by a single arbitrator in accordance with the rules of the American Arbitration Association. You agree to resolve disputes with CBS Funding on an individual basis only and waive any right to participate in class action lawsuits or class-wide arbitration against CBS Funding.

Liability Limits

To the maximum extent permitted by law, CBS Funding shall not be liable for any indirect, incidental, special, consequential, or punitive damages arising from your use of our services or website. CBS Funding provides services on an as is and as available basis without warranties, express or implied, regarding the accuracy, reliability, or availability of our services. We do not guarantee that our website will be error-free or uninterrupted.

You agree to indemnify and hold harmless CBS Funding, its officers, directors, employees, and agents from any claims, damages, losses, or expenses including attorney fees arising from your breach of these terms or misuse of our services.

Contact Information

For questions regarding these Terms and Conditions, please contact CBS Funding at 135 South State College Boulevard, Brea, CA 92821. You can reach us by email at [email protected] or by phone at +1 (669) 303-8468.