Company Information

Company Information

Company is a:*

All individuals owning 20% or more of the company must complete the guarantor section and sign the application.

Owners/Partners/Officers

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Commercial Credit Information

Commercial Credit Information

Loans

 

Name and Address of Trade Reference

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Condensed Business Financial Statement

Condensed Business Financial Statement
 

Important: You must provide a current year-end business balance sheet and income statement before your application can be processed.

Bank reserves the right to require additional financial information.

Signatures

Signatures

Owners/Partners/Officers (Listed on Page 1)

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Scorecard Rewards

Scorecard Rewards

Earn Rewards on every purchase made with your MidSouth Bank credit card! For more details about Rewards, see one of our friendly customer service representatives.

Transfer of Balance Request

Upon approval, I wish to transfer my present balance on the credit card account(s) listed below to my new credit card account.

Please attach a copy of your last statement.

Issue Commercial Credit Cards to the following Individuals

Issue Commercial Credit Cards to the following Individuals
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Commercial Guaranty

Commercial Guaranty
CONTINUING GUARANTY. THIS IS A CONTINUING GUARANTY AGREEMENT UNDER WHICH GUARANTOR AGREES TO GUARANTEE PAYMENT OF BORROWER’S PRESENT AND FUTURE INDEBTEDNESS IN FAVOR OF LENDER ON A CONTINUING BASIS. Guarantor’s obligations and liability under this Agreement shall be open and continuous in effect. Guarantor intends to and does hereby guarantee at all times the prompt and punctual payment, performance and satisfaction of all of Borrower’s present and future Indebtedness and such performance will not discharge or diminish the obligations and liability of Guarantor under this Agreement for any remaining and succeeding Indebtedness of Borrower in favor of Lender.

INDEBTEDNESS GUARANTEED. The word “indebtedness” as used in the Guaranty means individually, collectively, interchangeably and without limitation any and all present and future loans, loan advances, extension of credit, obligations and/or liabilities that Borrower may now and/or in the future owe to and/or incur in favor of Lender whether direct or indirect, or by way of assignment or purchase of a participation interest, and whether absolute or contingent, voluntary or involuntary, determined or undetermined, liquidated or unliquidated, due or to become due, secured or unsecured, and whether Borrower may be liable individually, jointly or solidarity with other, whether primarily or secondarily, or as a Guarantor or otherwise, and whether now existing or hereafter arising, of every nature and kind whatsoever, in principal, interest, costs, expenses and attorneys’ fees and other fees and charges, including without limitation Borrower’s Indebtedness, owed to MidSouth Bank.

JOINT, SEVERAL AND SOLIDARY LIABILITY. Guarantor’s obligations and liability under this Guaranty shall be on a “solidary” or “joint and several” basis along with Borrower to the same degree and extent as if Guarantor had been and/or will be a co-borrower, co-principal obligor and/or co-maker of Borrower’s Indebtedness. In the event that there is more than one Guarantor under this Guaranty, or in the event there are other guarantors, endorsers or sureties of all or any portion of Borrower’s Indebtedness, Guarantor’s obligations and liability hereunder shall further be on a “solidary” or “joint and several” basis along with such other guarantors, endorsers and/or sureties. Accordingly, any payment made on Borrower’s Indebtedness will not discharge or diminish the obligation and liability of Guarantor under this Agreement for any remaining and succeeding Indebtedness of Borrower in favor of Lender.

DURATION OF GUARANTY. This agreement and Guarantor’s obligation and liability hereunder shall remain in full force and effect until such time as this Agreement may be cancelled or otherwise terminated by Lender under a written cancellation instrument in favor of Guarantor. It is anticipated that fluctuations may occur in the aggregate amount of Borrower’s Indebtedness guaranteed under this Agreement and it is specifically acknowledged and agreed by Guarantor that reductions in the amount of Borrower’s Indebtedness, even to zero ($0.00) dollars, prior to Lender’s written cancellation of this Agreement, shall not constitute or give rise to a termination of this Agreement.

GUARANTOR’S WAIVERS. Guarantor hereby waives: (A) Notice of Lender’s acceptance of this Guaranty, (B) Presentation for payment of Borrower’s Indebtedness, notice of dishonor and of nonpayment, notice of intention to accelerate, notice of acceleration, protest and notice of protest, collection or institution of any suit or other action by Lender in collection thereof, including any notice of default in payment thereof, or other notice to, or demand for payment thereof, on any party.

Terms & Conditions

Terms & Conditions
*Your Annual Percentage Rate may vary. The rate is determined by adding 6.74 percentage points to the Prime Rate. Take the Prime Rate as it is published in the “Money Rates” section of The Wall Street Journal on the last publication date of March, June, September, and December. The new rate will be effective on the first day of the billing cycle beginning January, April, July, and October.

Average Daily Balance on Purchases (excluding new transactions) - To avoid incurring an additional Interest Charge on the balance of purchases reflected on your monthly statement, you must pay the entire “New Balance” in full, shown on your monthly statement on or before the Payment Due Date. The Interest Charges for a billing cycle are computed by applying the Periodic Rate to the “average daily balance” of purchases. To get the average daily balance, we take the beginning balance of your account each day (excluding new transactions) and subtract payments, credits, non-accruing fees and unpaid interest charges. This gives us the daily balance. Then we add up all the daily balances for the billing cycle and divide the total by the number of days in the billing cycle.

Average Daily Balance on Cash Advances (including new transactions) - The Interest Charge on purchases begins from the date the transaction is posted to your account, and the Interest Charge on cash advances begins from the date you obtained the cash advance, or the first day of the billing cycle in which it posted to your account, whichever is later. There is no grace period.

The Interest Charges for a billing cycle are computed by applying the Periodic Rate to the “average daily balance” of your account. To get the average daily balance, we take the beginning balance of your account each day, add any new purchases or cash
advances, and subtract any payments, credits, non-accruing fees and unpaid interest charges. This gives us the daily balance. Then we add up all the daily balances for the billing cycle and divide the total by the number of days in the billing cycle.

**Balance Transfer Fee: On all balance transfers, there will be a 3.00% Balance Transfer Fee (with a maximum of $75.00 per balance transfer). This fee is a finance charge under federal law. It is separate from the Annual Fee.

***Penalty Rate: Any time your Account becomes two payments past due, the Penalty APR for Purchases and Cash Advances (including existing balance) will be changed to a fixed APR of 18.00% (corresponding to a daily periodic rate of 0.0493%).

Business Cash Advance Limits: Business Cash Advance Limit set to $0 unless requested by the company.

USA Patriot Act: Notice to All Customers – Important Information About Procedures for Opening a New Account. On October 26, 2001, President Bush signed into law the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT) Act of 2001. To help the government fight the funding of terrorism and money laundering activities, the Act requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents. As a financial institution we are required to do our part to protect the country from terrorist and other types of criminal activity. MidSouth Bank cannot and will not waive these requirements. Please help us to protect our country.

INTEREST RATES
Annual Percentage Rate (APR) for Purchases as low as 11.99%*
Annual Percentage Rate (APR) for Balance Transfers as low as 11.99%*
Annual Percentage Rate (APR) for Cash Advances as low as 11.99%*

FEES
Rate information - Your APR is variable*
Annual Membership Fee - $20.00/$35.00 with ScoreCard Rewards
Late Payment Fee - $15.00
Over the Limit Fee - $25.00
Cash Advance Fee- 4% of amount advanced
Grace Period for repayment of the balance for purchases - Payment Due Date (No grace period)
Balance Transfer Fee**- 3.00% up to $75.00
Penalty Rate*** - 18.00%
International Transaction Fee - Up to 1.00% of the U.S. dollar amount of the transaction, whether originally made in U.S. dollars or converted from a foreign currency

For Credit Card Tips from the
Consumer Financial Protection Bureau - To learn more about factors to consider when applying for or using a credit card, visit the Consumer Financial Protection Bureau at www.consumerfinance.gov/learnmore

The information listed above is accurate as of November 2, 2018. Because rates and terms are subject to change, you may contact us for the current information by writing to: MidSouth Bank, Attn: Credit Card Department PO Box 3742, Lafayette, LA 70502-9945

EZBusiness Online Card Management

EZBusiness Online Card Management


Central Billing Service


 

I wish to receive:

Scorecard Rewards

Scorecard Rewards

Complimentary MidSouth Commercial Credit Card Services


Thank you for your submission!

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* Please note upon receipt of application, we will also electronically send you the proper disclosures.