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Credit Application

All invoices are to be paid 30 days from the date of the invoice to avoid 15% Late Fee Charges.

By submitting this application, you authorize Towel Depot, Inc. to make inquiries into the banking and business/trade references that you have supplied.

Failure to pay any due Invoices will count against you in a court of law & you will be responsible for Attorney & Court Fees charges, in the State of New York. Please attach your business references & bank information.

In consideration of credit being extended by Towel Depot Inc to the above named applicant for services to be rendered whether applicant be an individual or individuals, a proprietorship, a partnership, a corporation, or other entity, the undersigned guarantor or guarantors each hereby contract and guarantee to Towel Depot Inc the faithful payment, when due, of all accounts of said applicant for the purchases made after the date of this application.

The undersigned guarantor or guarantors each hereby expressly waive all notice of acceptance of this guarantee, notice of extension of credit to applicant, presentment, and demand for payment on applicant, protest and notice to undersigned guarantor or guarantors of dishonor or default by applicant or with respect to any security held by Towel Depot Inc, extension of time of payment to applicant, acceptance of partial payment or partial compromise, all other notices to which the undersigned guarantor or guarantors might otherwise be entitled, and demand for payment under this guarantee. Absent written permission by creditor, this personal guarantee may not be revoked.


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