BILLFLOAT, INC. DOING BUSINESS AS SMARTBIZ LOANS
SmartBiz Loans recognizes, respects and protects the personal privacy rights of all its users. We are committed to providing security and privacy regarding the collection and use of our customer information, as well as the personal information of all consumers who visit our institution.
Updated: October 20, 2017
Facts: What does smartbiz loans do with your personal information?
Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do.
The types of information we collect and share can include:Personal Information about Business Owners, Employees who manage day-to-day operations, Officers, and Directors
- names of owners and ownership percentages
- contact details
- birth date
- social security numbers
- valid driver’s license or passport information
- information about criminal history
- whether liquid assets exceed $100,000
- past defaults on government-related loans
- credit report and credit score
- Name and formation history
- Past and current financial performance
- Loan history
- Management team information
- Competitive positioning
- Business licenses and certificates
- Tax transcripts
- Credit history
- Bank account information and transaction history
When you are no longer our customer, we may continue to share your information as described in this notice.
All financial companies need to share customer’s personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customer’s personal information; the reasons SmartBiz Loans chooses to share; and whether you can limit this sharing.
|Reasons we can share your personal information||Does SmartBiz Loans share?||Can you limit this sharing?|
|For our business purposes –such as to determine which lenders are appropriate for your business, to refer you to lenders, and to prepare you loan applications||YES||NO|
|For our marketing purposes –to offer our products and services to you||YES||NO|
|For joint marketing with other financial companies –to offer products and services to you||YES||YES|
|For our affiliates’ everyday business purposes –information about your transactions and experiences||NO||We don’t share|
|For our affiliates’ everyday business purposes –information about your creditworthiness||NO||We don’t share|
|For our affiliates to market to you||NO||We don’t share|
|For non-affiliates to market to you –to offer relevant small business financial products and services to you.||YES||YES|
What we do
How does SmartBiz Loans protect my personal information?
To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings.
How does SmartBiz Loans collect my personal information?
We collect your personal information, for example, when you
- Open a SmartBiz account
- Utilize SmartBiz to apply for small business loan
- Permit us to gather third party data to support your loan application
Why can’t I limit all sharing?
Federal law gives you the right to limit only
- Sharing with affiliates’ for their everyday business purposes – information about your creditworthiness
- Affiliates from using your information to market to you
- Sharing for nonaffiliates to market to you
State laws and individual companies may give you additional rights to limit sharing. See below for more on your rights under state law.
Companies related by common ownership or control. They can be financial and nonfinancial companies.
- SmartBiz Loans has no affiliates.
Companies not related by common ownership or control. They can be financial or nonfinancial companies.
- Non-affiliates we share with can include financial services companies, service providers, tax preparers, retailers and direct marketing companies.
A formal agreement between nonaffiliated financial companies that together market financial products or services to you.
- Our joint marketing partners might include financial services companies.
Other important information
SmartBiz Loans is committed to fully complying with the laws and regulations, such as the Fair Credit Reporting Act, The Right to Financial Privacy Act, and the California Financial Information Privacy Act (Chapter 241, Statues of 2003) which became law on July 1, 2004 as "Division 1.2" of the Financial Code (sections 4050 et seq.) that have been established to protect the confidentiality of customer information. For individual principal shareholders, officers, and directors, if we obtain and use information from a third party, other than the government, such as a consumer report, we will notify you. You are entitled to request credit reporting agencies to remove your name from lists supplied to us. All of our operations and data processing systems are in a secure environment that protects your account from being accessed by third parties. You may elect to provide us with personal information through the use of E-mail. We continue to monitor and review the privacy measures that we have in place to protect customer information. These measures are updated as practices change and new technology becomes available.
Network advertisers that we partner with may use data collected on this site to customize ads to you on other web sites as you browse the web. Some of these ads are targeted to your interests and preferences based on your browsing history, which is stored in a cookie on your computer. Your browsing history on our site may be tracked in these cookies even if ads are not being displayed. These cookies do not contain your name or other personal information about you. For more information, or to opt out of this type of information collection, please visit: http://www.networkadvertising.org/managing/opt_out.asp.
Vermont Residents: Except as permitted by law, we will not share information we collect about you with nonaffiliates or affiliates unless we have first requested your permission and you authorize us to do so.
California Residents: Under California law, we will not share information we collect about you with non-affiliates or joint marketing partners, unless the law allows. For example, we may share information with your consent, to find a lender for your business or prepare a loan application for you. We will limit sharing to the extent required by California law.
You may revoke your consent at any time by contacting us by telephone at 866-283-8726.
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