For all intent and purposes, including, but not limited to the Federal Insurance Contributions Act (“FICA”). I shall not be entitled to any reimbursement by ALC for any cost or expenses outside of the service fee agreed upon for compensation to my organization from ALC.ġ0. ALC shall report the amounts it pays my organization on IRS Form 1099, to the extent so required under the Internal Revenue Code.ĩ. Our failure to comply with the duties described herein this Paragraph shall constitute a material breach of this Agreement.Ĩ.
I shall be solely responsible for filing all tax returns, tax declarations and tax schedules, and for the payment of all taxes required when due, with respect to any and all compensation earned as set forth in accordance with this Agreement. I agree to secure and maintain, at our sole cost and expense, Worker’s Compensation Coverage where required by law and General Liability Insurance, as required by ALC.ħ. Our failure to comply with the responsibilities and duties described in this Paragraph shall constitute a material breach of the Agreement.Ħ. I shall be responsible for complying with any and all applicable federal, state and local laws, rules, ordinances, regulations, and/or codes that pertain to the performance of the service requested and provided. ALC shall make the payment within 30 calendar days of the online submission of each Borrower’s application.ĥ. Our organization’s entire compensation for the performance of the service provided shall be the following service fee paid by ALC: $250 per completed application for each qualified Borrower. If the Borrower requests our service and we accept the request, we shall neither charge a fee to the Borrower nor require the Borrower to do anything but provide requirement information and documents to complete the PPP application.
BLUE ACORN PPP LOAN REVIEWS FULL
If a Borrower requests to use our service, we have a right to accept or deny the request at our full discretion.Ĥ. Although borrowers filing PPP applications on the website shall not be required to seek assistance from a third party, they may, at their full discretion, decide whether to use the service offered by my organization to submit their PPP applications. During the term of this Agreement, we understand that ALC shall list my organization as one of the application partners on its PPP application website. We shall be responsible for providing all equipment, materials and supplies that we determine shall be required to timely provide that service which have been requested by the Borrowers.ģ. My organization shall retain the unqualified right of control over the means, manner and methods by which our service is rendered and performed, and the right to perform that service at the location(s) and time(s) that we independently determine and set forth. During the term of this Agreement, my organization shall provide the following service to certain small businesses (“Borrowers”) that intend to apply for PPP loans through American Lending Center LLC (“ALC”): Assisting Borrowers to submit the required information and upload the required documents to the web portal of ALC.Ģ.
By accepting below or otherwise offering the service, my organization agrees to offer the service only for bona fide and lawful purpose permitted under this Agreement.ġ. This agreement will be governed by and construed in accordance with the laws of California. By offering the service, my organization agrees to the following terms and conditions.
This Agreement explains the terms and conditions governing the Paycheck Protection Program (“PPP”) application service as described in this Agreement. By signing below, as an application partner my organization agrees to the Terms and Conditions of this Paycheck Protection Program Application Service Agreement.
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