BUSINESS LOAN AGREEMENTBusiness Loan Agreement • April 21st, 2020 • Collectors Universe Inc • Services-business services, nec
THIS BUSINESS LOAN AGREEMENT dated April 11, 2020, is made and executed between Collectors Universe, Inc. (“Borrower”) and Zions Bancorporation, N.A. dba California Bank & Trust (“Lender”) on the following terms and conditions. Borrower has applied to Lender for a commercial loan under the SBA Paycheck Protection Program, (“SBA Paycheck Protection Program”) authorized by the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) (Pl. 116-136). Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrower’s representations, warranties, and agreements as set forth in this Agreement and any Related Documents; (B) the granting, renewing, or extending of a Loan by Lender at all times shall be subject to Lender’s sole judgment and discretion; and (C) all such Loans shall be and remain subject to the terms and conditions of this Agreement.
