When a business applies for a Limitless Ideas Net 30 Credit Account, a $125 administration fee is required to initiate the application process. This fee supports necessary operational tasks, including but not limited to: business identity validation, responsible party verification, internal account setup, credit file establishment, and integration of credit reporting procedures. The administration fee is used strictly for processing and compliance purposes and does not contribute toward your Net 30 credit line or account balance.

Pursuant to applicable provisions under the Truth in Lending Act (TILA) and Regulation Z § 1026.4, administration and processing fees required uniformly across all business applicants are not considered finance charges, provided they are assessed prior to the extension of credit and are not tied to ongoing credit use. As such, these fees are not subject to interest calculations and do not impact your business’s repayment obligations or your access to your credit limit.

In summary, the administration fee is a one-time, non-refundable, and non-creditable cost associated with the establishment and compliance validation of your Net 30 Credit Account. This structure ensures that Limitless Ideas maintains a secure, standardized, and transparent process for extending commercial credit. Your Net 30 line remains entirely dedicated to product and service purchases under your business account, supporting clean accounting and clear utilization tracking throughout your engagement with Limitless Ideas.