Terms of Service

Agreement to Terms

These Terms of Service ("Terms") constitute a legally binding agreement between you ("you," "your," or "Customer") and FT LLC d/b/a Rapids Funding ("we," "us," "our," or "Rapids Funding") concerning your access to and use of our website, credit products, and services.

By accessing our website or applying for credit, you agree to be bound by these Terms. If you do not agree to these Terms, you may not access or use our services.

Company Information:
FT LLC d/b/a Rapids Funding
6479 US HWY 93 S, Suite 969
Whitefish, MT 59937

1. Eligibility

To apply for and use our credit products, you must:

• Be at least 18 years of age
• Be a legal resident or entity authorized to conduct business in the United States
• Have the legal capacity to enter into a binding contract
• Provide accurate, complete, and current information during the application process
• Own or operate a legitimate business (for business credit products)
• Not be prohibited from receiving credit under applicable laws or regulations

We reserve the right to verify your eligibility and may request additional documentation. Misrepresentation of information may result in denial of credit, termination of services, and potential legal action.

2. Services Overview

Rapids Funding provides business credit solutions including revolving credit lines, term loans, and other financing products through our partner network.

2.1 Credit Evaluation

All credit products are subject to credit approval. Our evaluation process includes:

• Review of your credit application and supporting documentation
• Soft credit pull (does not affect credit score) during initial review
• Hard credit pull (may affect credit score) upon approval and funding
• Verification of identity, business ownership, and financial information
• Assessment of business viability and creditworthiness

3. Application Process and Credit Authorization

3.1 Application Submission

By submitting a credit application, you:

• Certify that all information provided is true, accurate, and complete
• Authorize us to verify the information provided
• Authorize us to obtain consumer and business credit reports
• Acknowledge that incomplete applications may be denied
• Understand that submission does not guarantee approval

3.2 Credit Report Authorization

You authorize Rapids Funding and our lending partners to obtain consumer credit reports, business credit reports, and related information from credit bureaus (including but not limited to Experian, Equifax, TransUnion, Dun & Bradstreet) for the purpose of evaluating your creditworthiness.

3.3 Identity Verification

We utilize third-party identity verification services to confirm your identity and prevent fraud. You may be required to provide government-issued identification and participate in SMS or email verification processes.

4. Credit Terms and Conditions

4.1 Credit Agreement

If your application is approved, you will receive a separate Credit Agreement that outlines:

• Credit limit and available credit
• Interest rates (APR) and fees
• Payment terms and minimum payment requirements
• Late payment penalties and default provisions
• Security interests and collateral requirements

4.2 UCC Filings and Security Interests

By accepting credit, you authorize us to file Uniform Commercial Code (UCC) financing statements against your business, personal guarantor(s), and any pledged assets.

4.3 Personal Guarantee

Business credit products may require a personal guarantee from business owners. By providing a personal guarantee, you agree to be personally liable for all debts, obligations, and liabilities arising from the credit agreement.

5. Payments, Fees, and Charges

5.1 Payment Obligations

You agree to:

• Make all payments on or before the due date
• Pay at least the minimum payment amount each billing cycle
• Maintain sufficient funds in your designated payment account
• Notify us immediately of any billing errors or disputes

5.2 Late Payments and Default

Failure to make timely payments may result in late fees, increased interest rates, negative credit reporting, collection activities, and legal action. Default on your credit agreement may result in acceleration of the full balance.

6. Prohibited Uses

You may not use our services or credit products for:

• Illegal activities or unlawful purposes
• Fraudulent transactions or money laundering
• Purchasing prohibited goods or services
• Speculative investments or cryptocurrency trading
• Personal expenses unrelated to business operations
• Any activity that violates federal, state, or local laws

7. Privacy and Data Protection

Your privacy is important to us. Our collection, use, and disclosure of your personal information is governed by our Privacy Policy, which is incorporated into these Terms by reference.

8. Disclaimers and Limitations of Liability

8.1 Service "As Is"

OUR SERVICES ARE PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED. WE DISCLAIM ALL WARRANTIES, INCLUDING BUT NOT LIMITED TO WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.

8.2 No Guarantee of Approval

Submission of a credit application does not guarantee approval. Credit decisions are made based on various factors, and we reserve the right to approve, deny, or modify any application at our sole discretion.

8.3 Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW, FT LLC D/B/A RAPIDS FUNDING SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES.

9. Dispute Resolution and Arbitration

9.1 Governing Law

These Terms shall be governed by and construed in accordance with the laws of the State of Montana, without regard to its conflict of law provisions.

9.2 Arbitration Agreement

Any dispute, claim, or controversy arising out of or relating to these Terms or our services shall be resolved through binding arbitration in accordance with the rules of the American Arbitration Association. Arbitration shall take place in Flathead County, Montana.

CLASS ACTION WAIVER: You agree that any arbitration or legal proceeding shall be conducted on an individual basis and not as a class action, consolidated action, or representative action.

10. Termination

We reserve the right to suspend or terminate your access to our services at any time, with or without notice, for any reason, including but not limited to:

• Violation of these Terms
• Fraudulent or illegal activity
• Failure to make required payments
• Providing false or misleading information

Termination does not relieve you of your obligations to repay outstanding balances.

11. Modifications to Terms

We reserve the right to modify these Terms at any time. Material changes will be posted on our website with a new "Last Updated" date. Your continued use of our services after such changes constitutes acceptance of the modified Terms.