Forward Financing is required to obtain a signed disclosure form from customers with a business address in the Commonwealth of Virginia. While Forward takes great care to ensure our contract is clear and comprehensive, Virginia is requiring a separate form for all “sales-based” financing.
Every small business in Virginia will receive the disclosure form at the same time they receive their contract (since this is when they’ll first receive an offer that binds Forward). It must be signed by the same party or parties that sign the contract.
If the customer chooses to pay their balance early, an updated disclosure form will be sent to them for signature.
- In most cases, whether working with an ISO or directly with Forward, the customer will receive two separate emails simultaneously – one with the disclosure form to e-sign and one with the contract to e-sign.
- If the ISO elects to send the disclosure form and contract for the customer to manually sign, the ISO must obtain signatures from the customer on both documents, and send them to Forward.