1. Commitment to Privacy
At North Bridge Funding, we are committed to protecting the privacy and security of your business and personal information. This Privacy Policy explains how we collect, use, share, and protect the information provided by you in the course of our commercial loan brokering services.
2. Information We Collect
A. Information You Provide Directly (Application Data)
This information is necessary to process your pre-qualification request and application:
- Contact Information: Name, email address, phone number, and mailing address of the business owner/guarantor.
- Business Information: Legal business name, business address, industry, tax ID/EIN, time in business, and purpose of the loan.
- Financial & Credit Information: Requested loan amount, annual/monthly business revenue, bank statements, tax returns, and current debt obligations.
- Personal Guarantor Information: Social Security Number (SSN) of the primary owner(s) (used for credit checks), and personal financial details.
B. Information We Collect from Third Parties
To evaluate your eligibility and match you with lenders, we collect information from:
- Consumer Reporting Agencies (Credit Bureaus): We perform a **soft credit pull** on the guarantor's personal credit to assess risk. This initial check **does not** impact your credit score.
- Lending Partners: Information regarding your application status, specific offers, and loan performance if you accept financing through one of our partners.
- Public Records: Information from public government and regulatory sources to verify business existence and ownership.
C. Technical & Usage Data (Non-Personal)
When you visit our website, we automatically collect:
- Usage Data: IP address, browser type, operating system, pages viewed, time spent on the site, and referral sources.
- Cookies and Tracking: We use cookies and tracking technologies to enhance user experience, analyze site performance, and support our marketing efforts.
3. How We Use Your Information
We use the information collected for the following identified purposes:
- To Provide Loan Matching Services: To evaluate your business's eligibility and transmit your data to our network of third-party lenders for pre-qualification.
- Communication: To contact you via email or phone regarding your application status, new offers, or to request missing documentation.
- Fraud Prevention & Security: To protect the integrity of our services and prevent fraudulent activity.
- Compliance: To comply with legal and regulatory obligations, including anti-money laundering (AML) and know-your-customer (KYC) requirements.
4. Disclosure and Sharing of Information
A. With Our Lending Network (Crucial Disclosure)
We share all Application Data (Section 2.A & 2.B) with our network of affiliated and non-affiliated third-party commercial lenders and finance partners. This disclosure is absolutely essential to the loan matching service. By submitting an application, you consent to this necessary sharing. Our partners are required to maintain the confidentiality of your information.
B. With Service Providers
We may share your information with third-party service providers who perform services on our behalf, such as data hosting, IT support, and analytics.
5. Opt-Out and Your Privacy Rights
A. Opt-Out Right (Marketing)
You have the right to opt out of receiving promotional and marketing communications from North Bridge Funding. You may do this by using the "unsubscribe" link in any marketing email or by contacting us directly.
**Note:** You cannot opt out of receiving transactional or service-related communications regarding an active loan application or agreement.
B. Data Security
We implement commercially reasonable safeguards to protect your information. However, no internet transmission is 100% secure. We encourage you to take caution when sharing sensitive information online.
6. Contact Us
If you have questions or concerns about this Privacy Policy or our data practices, please contact us:
- **Website:** northbridgefunding.org
- **Email:** privacy@northbridgefunding.org
- **Phone:** [Your business phone number]
