Every term in writing, before you apply for anything

• You, the credit partner

  An officer of the borrower business, for example Vice President, Finance, appointed in writing before any application. You apply on the business's behalf in that actual officer capacity and personally guarantee its debt. You are a signer on its operating and reserve accounts.

• The borrower business

  One LLC per partner, owned by BCP, with a real business: the investments and secured real-estate loans set in the agreement. It is the borrower on every account, and each lender's documents identify it and your obligations. Under our agreement it is responsible for making payments and paying your fee.

• BCP's holding companies

  Own and manage the borrower, provide its capital, fund the reserve and give you the indemnity. They are listed truthfully wherever a form asks for owners or the person in control. Your agreement names each company, who owns it, its address, who receives funds, who owes your fee and who gives the indemnity.

• Real-estate loans and licensing

  Each proposed loan requires review of applicable licensing, interest-rate and other lending requirements. A broker's involvement alone does not establish compliance.

As an officer you also owe the business duties of care and honesty, and you sign certifications to lenders. Ask your own attorney about any other liability an officer role can carry.

1. 01

   You review it in full

   Every field and every certification, before anything is sent.

2. 02

   You submit it with your own authorization

   On your own device, and you separately authorize any credit inquiry it causes. We never hold your passwords or one-time codes.

3. 03

   You keep a copy

   A copy of what you submitted goes to you, and the same copy sits in your portal documents.

4. 04

   No blanket authority

   Approving one application never approves a future one. Each application needs your separate consent.

5. 05

   Truthful answers only

   Ownership, control, revenue, business age and use of funds are stated truthfully. If anything is untrue or unclear, you do not submit it.

Each application can add a hard inquiry to your credit reports.

The monitoring plan and its referral fee are open items with the monitoring service and our attorneys. We confirm both in writing before you enroll.

1. 01

   Cards

   Real business purchases of the borrower, paid by the business.

2. 02

   Lines of credit and term loans

   Draws go to the business's operating account under the lender's own terms, each logged with its purpose.

3. 03

   Investments and real-estate loans

   A documented, approved investment, or a loan with a written note and deed of trust, each reviewed for the lending rules that apply.

We make no promises about investment results, and your fee does not depend on them.

• Reserve account

  Funded by BCP from its own money before your first application, never by drawing on the new credit, and held in the business's name under a control agreement that lets you direct payments if one is missed. It covers a set number of months of estimated payments, not the full debt, and it can be depleted.

• Indemnity

  BCP's holding companies agree in writing to repay what you pay a lender because of the business's debt. It is a claim you can make against those companies, not a release from the lender. If they cannot pay, you still owe the lender.

• Collateral and caps

  A security interest for you in the real-estate notes financed with your credit, where the agreement provides it, and a cap on the total you guarantee. Collateral can lose value, and enforcing it takes time and money.

• Autopay and payment alerts

  They lower the chance of a missed payment. Autopay can fail, the operating account can be short, and portal data can be delayed or incomplete.

Many lender guarantees ask the guarantor to give up certain defenses against the lender. Your right to be repaid by BCP's companies is separate, is written into our agreement with you, and is only as strong as those companies.

• Partner portal

  Available account information with its last update time: limit, balance, statement, due date, minimum, scheduled, pending and posted payments, autopay status, reserve and fee schedule. It can be delayed or incomplete.

• Your own issuer login

  Full access at each issuer, with your own login. We never hold it, and the issuer's records control.

• Monthly statement package

  Statements, payments and reserve activity, by the 5th business day of each month.

• Quarterly review

  A next round happens only if every account is current and the reserve is full.

• If BCP or its companies fail

  You can direct the reserve under the control agreement, enforce any collateral and claim under the indemnity. None of these releases you from a lender. If they are not enough, you owe the lender the rest under your guarantee.

• If an investment or loan fails

  The business still owes every lender. Your fee does not depend on investment results, but collateral tied to a failed loan may be worth less, and if the business cannot pay, the lender can collect from you.

• If the portal fails or data goes stale

  Your own issuer logins, alerts and the monthly statement package still work. A stale connection is flagged with its last update time. Confirm status directly with each issuer.

• If our team is unreachable

  After 10 business days you can direct the reserve and require a payoff plan. Contact each issuer directly, and send written notice to stop new borrowing.

1. 01

   Officer appointment resolution

   Your title, the duties you actually perform, your authority, and how you resign or can be removed.

2. 02

   Fee agreement and fee schedule

   Your fee, how the eligible amount is defined, when it is earned and paid, caps, conditions and any reversals, set before any application.

3. 03

   Costs schedule

   Each cost you could face, who pays it and when you learn the amount.

4. 04

   Application control terms

   Each application reviewed in full and submitted by you with your own authorization. No blanket authority for future applications.

5. 05

   Indemnity agreement

   BCP's holding companies agree to repay what you pay a lender because of the business's debt. A claim against them, not a lender release.

6. 06

   Reserve account control agreement

   Lets you direct the reserve if a payment is missed.

7. 07

   Security agreement

   Pledges collateral to you, such as the real-estate notes financed with your credit, as set in the agreement.

8. 08

   Use-of-funds schedule

   What the credit can and cannot be used for, within each issuer's rules.

9. 09

   Default, escalation and exit plan

   Alerts, who to contact, stopping new borrowing, payoff and lender-confirmed release.

10. 10

    Data and portal terms

    What we hold, who sees it, how long we keep it, and the limits of portal data.

11. 11

    Dispute terms

    How disagreements are resolved. There is no clause stopping you from speaking about your experience.

12. 12

    Spousal acknowledgment, where it applies

    For our agreement only, as a fit check. It is not a substitute for any spousal consent the law requires, and we never require a spouse to sign a lender's guarantee.

Separately, you sign each lender's own application and guarantee yourself. The lender can hold you personally liable for the debt. You may withdraw before entering an agreement. After signing, cancellation depends on that agreement. Leaving your officer role does not release a personal guarantee.