Credit Account Terms and Disclosers

Address: Viola Panther LLC, 6229 Hwy 305, Ste A #225, Olive Branch, MS 38654, United States

Interest Rates and Interest Charges

• Annual Percentage Rate (APR) for Purchases: 0%

  ▪️Default APR: 7% (1–30 days late); 8% (31–60 days late); 9% (90–180 days late); 10% (181+ days)
  This rate applies if you violate the terms of your agreement, typically by:
  - Missing a payment
  - Having a payment returned (e.g., insufficient funds)
  - Failing to pay the full balance by the due date

  ▪️Paying Interest: No interest is charged if the full balance is paid by the due date (30 days from the invoice date). There is no additional grace period. Partial payments are subject to the Default APR immediately on the unpaid balance.

  ▪️Minimum Finance Charge: $35 or the monthly Default APR interest, whichever is greater.

  ▪️Application of Payments: Payments are applied first to fees, then interest, then principal. Full payment resets the delinquency period and applicable APR tier. If only a partial payment is made, the Default APR or late fees will apply immediately to the remaining balance. 
  

Fees

• Annual Fee: $99

• Late Payment Fees: Default APR or $35; whichever is greater

• Minimum Finance Charge: $35.00

• Returned Payment Fee: $35
• Balance Computation Method: Daily balance method, including new purchases

 

Changes to Terms

Viola Panther LLC may change the rates, fees, and terms of your agreement at any time based on credit review, market conditions, or internal business decisions. If such changes include an increase in rate or fee, you will receive prior notice and the right to opt out. If you opt out, the account will be closed, and the existing balance may be paid under the original terms.

Terms and Conditions of Offer

• This offer is valid for new accounts only.

• Applicants must be at least 18 years of age.

• Accounts are available to legal U.S. entities and residents of U.S. territories only.

• Application and approval are subject to business creditworthiness and identity verification.

• This account is a Net 30 non-revolving commercial tradeline credit account. There is no “revolving” credit line; balances must be paid in full within 30 days.

Federal Compliance and Identity Verification

To comply with federal anti-terrorism and anti–money laundering laws, Viola Panther LLC is required to collect and verify the following information:

• Legal business name, street address, and federal EIN

• Authorized officer’s name, home address, date of birth, and valid government-issued identification

• Additional documentation may be requested as needed

We may collect data from employers, financial institutions, credit bureaus, and public databases to verify your identity and assess eligibility.

Credit Evaluation and Reporting

By submitting an application, you authorize Viola Panther LLC to:

• Access business credit data through third-party credit bureaus

• Eligibility is evaluated based on business credit history, company standing, and supporting documents. Business credit only — no personal credit checks, soft or hard.

• Report payment behavior, including delinquencies, to commercial credit bureaus (e.g., Dun & Bradstreet, Equifax, Experian Commercial, and Creditsafe), either directly or through third-party data furnishers.

You may request the name(s) of any credit bureaus we consult during the evaluation of your application, including any accessed through third-party data furnishers.

The annual membership fee is not reported to commercial credit bureaus and does not impact your reported tradeline status.

 Accounts must be renewed annually and remain in good standing to maintain active credit reporting eligibility.

Account Terms

• This is a Net 30 account, meaning full payment of any invoiced amount is due within 30 calendar days

• Failure to pay within this period will result in late fees, suspension of the Net 30 account, and suspension of the ability to enter new Net 30 agreements.

• No late or interest charges apply to the annual membership fee; however, failure to pay it within 30 days will result in automatic suspension of the membership and termination of Net 30 credit privileges.

• Continued delinquency may result in collection efforts through a third-party agency, up to and including legal action and judgments. Accounts more than 60 days past due may be referred to a third-party collection agency.

• Your first order must be at least $96; all future orders must be over $50.

Minimum Order Requirements

To establish and maintain eligibility for the Net 30 credit program:

• The initial purchase made using the Viola Panther LLC Net 30 account must be at least $96.
• All subsequent purchases using the Net 30 account must be no less than $50 per order.

Failure to meet these thresholds may result in the order being rejected, cancellation of Net 30 privileges, or account review and suspension. Viola Panther LLC reserves the right to refuse Net 30 terms on any order that does not meet the applicable minimum purchase requirement.

Return Policy

All sales under the Net 30 program are final. Viola Panther LLC does not offer refunds. If there is an issue with a purchase, eligible returns may be exchanged for merchandise credit only, subject to approval. Credit cannot be applied toward membership fees or past due balances.

Personal Credit Impact

This is strictly a commercial credit product. Personal credit will not be impacted unless a personal guarantee is specifically required and agreed to by the applicant.

Termination and Account Closure

• Either party may terminate this Net 30 agreement upon providing written notice to the other party, provided that termination cannot occur after products have been shipped.

• If terminated, any unpaid balance remains due and collectible under these terms.

Viola Panther LLC reserves the right to close or suspend the account due to non-payment, suspected fraud, misrepresentation, or breach of agreement.

Repeated failure to meet the required minimum order thresholds under the Net 30 terms may result in account suspension or termination at Viola Panther LLC’s sole discretion.

Electronic Communications and Notices

• All notices, statements, and policy changes will be delivered via email and considered received upon delivery.

Data Privacy and Security

Viola Panther LLC is committed to protecting the privacy, confidentiality, and security of all information collected in connection with your credit account. We collect and store only the information necessary to evaluate business creditworthiness, verify identity, comply with federal regulations, and manage your account.

Information We Collect:
We may collect business and personal data including, but not limited to:

• Legal business name, business address, and federal EIN

• Authorized officer’s name, residential address, date of birth, and government-issued identification

• Business credit data from commercial credit bureaus and public records

• Supporting documentation submitted with your application

How We Use Your Information:
Your information may be used to:

• Verify your identity and business status

• Evaluate business creditworthiness and eligibility

• Maintain and service your account

• Report account activity to commercial credit bureaus

• Comply with applicable laws, regulations, and anti-fraud protocols

Information Sharing:
We do not sell your data. Your information may be shared with third parties only for the following purposes:

• Identity verification

• Credit evaluation and reporting

• Collections or legal enforcement (if necessary)

• Compliance with legal obligations or regulatory requests

Security Measures:
Viola Panther LLC implements reasonable physical, electronic, and administrative safeguards designed to protect your information against unauthorized access, disclosure, alteration, and misuse. Only authorized personnel have access to sensitive account data.

Your Responsibility:
You agree to keep your contact information, including your email address, up to date and to promptly notify us of any changes. You are also responsible for maintaining the security of your own systems and communications with Viola Panther LLC.

By applying for and maintaining a credit account with Viola Panther LLC, you acknowledge and consent to the collection, use, and protection of your information as described above.

Dispute Resolution Process

The parties hereby agree to resolve any disputes in the following sequence:

1. Good Faith Negotiation:
   The parties shall initially attempt to resolve any dispute through honest and constructive negotiations in good faith.

2. Mediation or Arbitration:
   Should negotiations fail to resolve the dispute, the parties agree to submit the matter to mediation or arbitration. Mediation involves a neutral third party facilitating a resolution without imposing a decision, while arbitration entails a binding decision rendered by an arbitrator agreed upon by the parties.

3. Litigation:
   If mediation or arbitration does not yield a resolution, either party may pursue litigation as a final remedy. Such litigation shall be conducted in accordance with the laws of the State of Mississippi.

 

Collections and Legal Enforcement

If unpaid, your account may be referred to a third-party collections agency. Legal disputes arising from this agreement will be governed by the laws of the State of Mississippi.

• Jurisdiction: Desoto County, MS

• Legal Venue: State or federal court with jurisdiction over Desoto County, MS

• Attorney’s Fees: The prevailing party in any dispute or litigation is entitled to reasonable attorney’s fees and court costs.

Reporting Authorization

By maintaining a Viola Panther LLC credit account, you authorize us to report account activity to applicable commercial credit reporting bureaus, including status, limits, payment history, and delinquencies.

Force Majeure

Viola Panther LLC is not liable for delays or failure to perform due to events beyond our control, including natural disasters, service outages, or emergencies. We will make every effort to communicate and resume service promptly.

Credit Reporting Notice

As part of our Net 30 terms, we may report your payment history to third-party data furnishers who may share that information with business credit bureaus such as Dun & Bradstreet, Experian Business, Equifax, and Creditsafe. Timely payments may positively impact your company’s business credit profile.

Effective Date and Accuracy of Terms

This disclosure is accurate as of June 27, 2025. These terms are subject to change with notice. Continued use of your credit account constitutes agreement to any updated terms provided in writing or via email.

Program Status

These terms and disclosures apply to accounts once the Net 30 credit program officially launches. Any applications or account activity prior to the launch will be held for processing until the program becomes active.