Shale Business Credit Application

Business Contact Information
Business and Credit Information
Business / Trade References


Agreement
  1. Invoice terms are Net 30. Invoices paid after 45 days will receive a late fee charge of 2%.
  2. Claims arising from invoices must be made within seven (7) working days.
  3. By submitting this application, you authorize Shale Rental Equipment & Services, LP to make inquiries into the banking and business/trade references that you have supplied.
Business Details
Applicable Taxes
Accounts Payable Contact
Purchasing Inside Rep Contact
 
We appreciate the opportunity to work with your Company. Please contact us above if you have any questions.
File Attachments
Credit Application
Please supply the following information for us to best serve your account needs
Open Account Credit Terms
  1. All invoices are due and payable within 30 days from the date of invoice with a late fee being applied after 45 days.
  2. If equipment is rented for more than four weeks, periodic unsigned invoices will be issued for rental charge due. All such invoices are due and payable within 30 days of invoice date.
  3. At the discretion of Shale Rental Equipment & Services, LP, any account with a delinquent balance may be placed on a cash basis at any time, and the equipment may be picked up without notice.
  4. Shale Rental Equipment & Services files preliminary lien notices and mechanics liens whenever necessary or required by law. This is a Company policy and not a reflection of your credit standing.
  5. For each delinquent account, customer agrees to pay a monthly service charge equal to 2% of the past due balance or the maximum service charge permitted by law in the state where the contract is signed.
  6. Customer agrees to pay all reasonable attorney fees, court costs and court costs incurred by Shale Rental Equipment & Service in enforcing these terms and conditions.
  7. Customer authorized Shale Rental Equipment & Services to obtain credit reports, trade reports and bank references for the purpose extension or continuation of credit to the customer.
  8. Customer agrees to the Terms and Conditions as stated on each and every Shale Rental Equipment & Services agreement, contract or invoice.
The undersigned warrants that all information is correct, has read accepted and agrees to be bound by all the terms set forth in this document and each rental contract entered into by the undersigned or its agents. It is understood and agreed that the undersigned specifically consents to Shale Rental Equipment & Services investigating the applicant’s credit history and may utilize credit reporting services for information on the undersigned. Facsimile copies will be accepted as originals. The Federal Equal Credit Opportunity Act/Regulation B prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the ability to enter into a binding contract), because of all or part of the applicant’s income derives from a public assistance program; or because the applicant has, in good faith, exercised any right under the Consumer Credit Protection Act. The Federal Agency that administers compliance with the law concerning this credit is the Federal Trade Commission, Division of Credit Practices, 6th and Pennsylvania Avenue NW, Washington, D.C. 20580.
 
Consent to Obtain Consumer Credit Report
The undersigned who is either a principal of the credit applicant or a sole proprietorship of the credit applicant, recognizing that his or her individual credit history may be a factor in evaluating the credit history of the applicant, hereby consents to and authorizes the use of a consumer credit report on the undersigned by the above named business (credit grantor), from time to time as may be needed, in the credit evaluation process.
 
Continuing Personal Guarantee
The undersigned hereby unconditionally guarantee(s) the full and prompt payment to Shale Rental Equipment & Services, LP when due all indebtedness, obligations and liabilities of the customer named in the Credit Application, including all amounts now owing an d arising in the future, and including any interest, attorney fees, and collection and court costs. The undersigned agrees to be personally bound by all credit terms of this Credit Application. This guarantee shall continue in force until notice in writing sent by certified mail, return receipt requested, is received by Shale Rental Equipment & Services, LP. This notice shall specifically state the date of termination, not to be less than seven (7) days after the notice and shall not affect any changes for transactions with the customer that were entered into prior to the termination date. The undersigned personal guarantor, recognizing that his or her individual credit history may be a necessary factor in the evaluation of this personal guarantee, hereby consents to and authorizes the use of a consumer credit report on the undersigned, by the above named business credit grantor, from time to time as may be needed, in the credit evaluation process.