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By Invite Only: Lender Referral Rewards Terms and Conditions

By participating in the SoLo Funds (“SoLo”) referral promotion (the “Program”), you agree to the following terms and conditions (“Terms”). SoLo may at any time and in its sole discretion, without prior notice, terminate, cancel, suspend, or modify the Program or these terms. If you are the person inviting friends to participate, you are an “Advocate” under these terms, and if you are the person who receives an invitation to join SoLo, you are a “Friend.”

Eligible Advocates will receive SoLo Credits (“Credits”) as specified herein. Credits may be used towards loan funding and loan payments within the SoLo Application and have no cash value.  Credits are not transferable or assignable for any reason. The sale or transfer of Credits is strictly prohibited, and any transfer of Credits to a secondary market shall be deemed void.

Credits do not expire for active members. Credits expire six months from the date the member’s account is voluntarily closed by the member or involuntarily closed in accordance with the SoLo Terms and Conditions. For the avoidance of doubt, all dates and times are calculated in Pacific Time.

An Advocate will only receive a Credit when the Friend andSoLo Terms of Service Agreement.  the Advocate completes the action(s) described in these Terms, as determined in SoLo’s sole discretion. 

Eligibility and Overview

  • You may participate in the Program as an Advocate until the Program is terminated or modified by SoLo. Advocates will only be eligible to receive rewards if the qualifying activity is completed before the Program’s termination, cancellation, suspension, or modification.
  • To be eligible to receive a reward through the Program, an Advocate and Friend must have (or sign up for, in the case of a Friend who is also a first-time user) a SoLo account in good standing (“Valid Account”) at the time the qualifying activity is completed.
  • An Advocate may refer a Friend by completing the Lender Referral Rewards Form no later than 03/15/2023, which may be foundhere. Each Friend must complete each of the following steps (“Reward Criteria”) by the Program’s termination or modification date:
  • For first-time users, sign up for a Valid Account  via the link sent by SoLo. To be eligible, the Friend’s phone number or email used to sign up cannot have been previously associated with a SoLo account. Signing up for a Valid Account may require certain actions to verify the Valid Account and is subject to the SoLo Terms of Service Agreement;
  • For current users, maintain a valid SoLo account and not have made more than 10 loans in any month during the life of the currently valid account; and
  • Use the SoLo App to make the qualifying activity as described in the Program (i.e., account opening, loan proposal, loan funding).
  • Advocate may make an unlimited number of referrals; however, the Advocate may only earn a total maximum rewards credit of $750 per Friend. 
  • A Friend may sign up by clicking on the Download SoLo App link provided by SoLo.

Limits on Referrals: Advocates may only refer family and personal friends and acquaintances. Additionally, you must not publish or distribute the Lender Referral Rewards Form or Invitation link or notifications received from SoLo containing the link online or otherwise where the audience is likely to include people who are not your family or personal friends/acquaintances. If you do so, SoLo may, in its sole discretion, disqualify you from participation in a Program and deny you Credits that you would have received from the completed qualifying activities. There is a limit of one reward credit to any  one Advocate per Friend per Valid Account. If two or more Advocates invite the same Friend, SoLo provides a Credit to the Advocate who first submitted the Friend’s information via the Lender Referral Rewards Form, as determined in SoLo’s sole discretion.

Redeeming Rewards:

  • SoLo reserves the right to limit, cancel, delay, or decline to permit redemption of a Credit reward if SoLo determines, in its sole discretion, that an Advocate or Friend has violated these Terms or the SoLo User Agreement or has acted in a fraudulent or abusive manner, or if SoLo restricts or closes the Valid Account pursuant to the SoLo User Agreement.
  • You acknowledge that you have no property rights in Credits until Credits are redeemed for a Credit reward consistent with these Terms.
  • SoLo is not responsible and/or liable if any email, reward, referrals, or Program-related materials or correspondence are lost, fraudulent, abusive, stolen, late, incomplete, illegible, interrupted, delayed, altered, defective, misdirected, tampered with, or irregular in any way or if any participant’s email address, Valid Account, or other contact information does not work, is deleted, or is changed without participant giving prior written notice to SoLo.
  • The Program is void where prohibited or if an account(s) or transaction(s) are fraudulent, abusive, not completed through legitimate channels, in violation of these Terms, or irregular in any way.

By participating in the Program, you agree that SoLo may disclose customer information about you to persons who refer you to SoLo or who you refer to SoLo (i.e., confirmation account opened, number of loans funded) in accordance with the SoLo Funds Privacy Policy.

Reward:  A Credit will be applied to the Valid Account of the reward recipient for the completed qualifying activity described below. Rewards should be posted to your Valid Account by April 15, 2023.

Each Advocate is eligible to receive multiple rewards based on each completed qualifying activity by each Friend and by the Advocate:

  • Get $250 Credit when each Friend funds a minimum of 20 loans in the month of February 2023 or March 2023. The referring Advocate must fund 90% of the Advocate’s December 2022 funded loan activity volume during the Friend’s corresponding qualifying months of February 2023 or March 2023.
  • Get $750 Credit when each Friend funds a minimum of 100 loans in the month of February 2023 or March 2023. The referring Advocate must fund 90% of the Advocate’s December 2022 funded loan activity volume during the Friend’s corresponding qualifying months of February 2023 or March 2023.
  • If an Advocate receives the $250 Credit for a Friend for February 2023’s qualifying activity and the Friend funds a minimum of 100 loans in March 2023, the Advocate will receive a $500 Credit for March 2023’s qualifying activity.
  • Advocate and Friend will not receive any other referral-related Credits for the referral made under this Program. 

Governing Law: This Program is governed by California law. By completing the Lender Referral Rewards Form or accepting an Invitation consistent with these Terms, you agree to be bound by these Terms and the SoLo Terms of Service Agreement. Any questions relating to the offer will be resolved in SoLo’s sole discretion and its decisions related to the offer will be final and binding.

Sponsor: SoLo is located at 555 W. 5th St. 35th Flr, Los Angeles, CA 90013. SoLo is a financial technology company enabling a marketplace where users can request and fund microloans for personal, family, or household use.

SoLo Lender Referral Rewards Terms and Conditions are current as of May 23, 2024.