OPERATING AUTHORITY APPLIACTION

Owners, Officers, & Partners 1

Owners, Officers, & Partners 2 (if necessary)

Power of Attorney

The undersigned, does hereby designate and appoint Power of Attorney to People’s Bank of Commerce to act as Attorney-in-Fact to prepare, sign and submit documents pertaining to obtaining financial products, offered by People’s Bank of Commerce.

This Power of Attorney is canceled 90 days after the below date.

Additional Company Info

Affiliations

please list MC/FF Number and USDOT Number of any FMCSA regulated entity you have had ownership in or a management position in within the last 3 years
(With Expedited service, you will receive your certificate the day it is granted rather than waiting 7 - 10 days to receive it by mail)

Truck Info

(if applicable)
(if applicable)

Additional Information Request

Safety Certification (for vehicle-operating applicants only)

APPLICANTS SUBJECT TO FEDERAL MOTOR CARRIER SAFETY REGULATIONS

If you will operate vehicles of more than 10,000 pounds GVWR and are, thus, subject to pertinent portions of the U.S. DOT’s Federal Motor Carrier Safety Regulations (FMCSRs) at 49 CFR, Chapter 3, Subchapter B (Parts 350-399), you must certify as follows:

Applicant has access to and is familiar with all applicable U.S. DOT regulations relating to the safe operation of commercial vehicles and the safe transportation of hazardous materials and it will comply with these regulations. In so certifying, applicant is verifying that, at a minimum, it:

  • Has in place a system and an individual responsible for ensuring overall compliance with FMCSRs;
  • Can produce a copy of the FMCSRs and the Hazardous Materials Transportation Regulations;
  • Has in place a driver safety training/orientation program;
  • Has prepared and maintains an accident register (49 CFR Part 390.15);
  • Is familiar with DOT regulations governing driver qualifications and has in place a system for overseeing driver qualification requirements (49 CFR Part 391);
  • Has in place policies and procedures consistent with DOT regulations governing driving and operational safety of motor vehicles, including drivers’ hours of service and vehicle inspection, repair, and maintenance (49 CFR Parts 392, 395, and 396);
  • Is familiar with and will have in place on the appropriate effective date, a system for complying with U.S. DOT regulations governing alcohol and controlled substances testing requirements (49 CFR Part 382 and 49 CFR Part 40).

Terms and Conditions of Turnkey Authority

I/We have been told and do understand that the submission of an application for Financial Services with Steelhead Factoring ("Steelhead") does not mean that Steelhead will provide any financial services whatsoever.
I/We further have been told and do understand that approval may come only after the management of Steelhead approves said application and the financial services offered are approved in accordance with the terms of Steelhead's Agreement with Client.

The information supplied in this Application and all forms and documents submitted to Steelhead in connection herewith are true and correct to the best of my/our knowledge and belief.

I/We understand that I/We may be responsible for any hard costs associated with processing this application. In support of this Application, Steelhead is hereby authorized to obtain personal and business credit and/or financial information from my/our bank(s), insurance company, accountant, and other financial institutions or commercial firms with whom I/We have done business as well as credit reporting agencies. It is understood that any such credit and/or financial information will be held in strict confidence and used only in consideration of this Application. As inducement for Steelhead to process this application, Applicant grants to Steelhead a security interest in their accounts receivables.

Terms and Conditions for Factoring

Sending