Privacy Policy

Introduction

Rapids Funding, a division of FT LLC ("we," "us," "our," or "Rapids Funding"), is committed to protecting your privacy. This Privacy Policy explains how we collect, use, disclose, and safeguard your information when you visit our website, apply for credit products, or use our services.

Company Information:
FT LLC d/b/a Rapids Funding
6479 US HWY 93 S, Suite 969
Whitefish, MT 59937

1. Information We Collect

1.1 Personal Information

When you apply for credit or use our services, we may collect the following personal information:

• Full name, date of birth, and Social Security Number
• Contact information (email address, phone number, mailing address)
• Business information (business name, EIN, business address, industry type)
• Financial information (bank account details, income, credit history, tax returns)
• Government-issued identification documents
• Employment information and business ownership details

1.2 Automatically Collected Information

We automatically collect certain information when you visit our website:

• IP address and device information
• Browser type and operating system
• Pages visited and time spent on our website
• Referring website addresses
• Cookies and similar tracking technologies

1.3 Credit Report Information

With your authorization, we obtain credit reports and related information from consumer reporting agencies to evaluate your creditworthiness. This may include soft credit pulls (which do not affect your credit score) and hard credit pulls (which may affect your credit score) upon funding approval.

2. How We Use Your Information

We use your information for the following purposes:

• Credit Evaluation: To process your credit application and determine eligibility for our products
• Identity Verification: To verify your identity and prevent fraud
• Service Delivery: To provide, maintain, and improve our services
• Communications: To send you application updates, account information, and service-related notices
• Compliance: To comply with legal obligations, including KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations
• Marketing: To send promotional materials about our products and services (with your consent)
• Analytics: To analyze usage patterns and improve our website and services
• Security: To protect against unauthorized access, fraud, and other security threats

3. How We Share Your Information

3.1 Third-Party Service Providers

We may share your information with trusted third-party service providers who assist us in:

• Credit reporting and verification services (e.g., iSoftpull, Experian, Equifax, TransUnion)
• Identity verification services
• Payment processing and banking services
• Data storage and hosting providers
• Marketing and analytics platforms
• Legal and compliance advisors

3.2 Lenders and Financial Partners

We may share your application information with our network of lending partners to secure funding for your approved credit line. These partners are bound by confidentiality agreements and must handle your information in accordance with applicable privacy laws.

3.3 Legal Requirements

We may disclose your information when required by law or to:

• Comply with legal process, court orders, or government requests
• Enforce our Terms of Service and other agreements
• Protect our rights, property, or safety, or that of others
• Prevent fraud, security threats, or illegal activities

3.4 Business Transfers

In the event of a merger, acquisition, sale of assets, or bankruptcy, your information may be transferred to the successor entity.

4. Data Security

We implement industry-standard security measures to protect your personal information, including:

• 256-bit SSL/TLS encryption for data transmission
• Secure database storage with encryption at rest
• Regular security audits and vulnerability assessments
• Access controls and authentication requirements for employees
• Secure file storage for sensitive documents
• Regular backups and disaster recovery procedures

Important: While we strive to protect your information, no method of transmission over the internet or electronic storage is 100% secure. We cannot guarantee absolute security but continuously work to maintain the highest security standards.

5. Your Privacy Rights

Depending on your location, you may have the following rights:

• Access: Request a copy of the personal information we hold about you
• Correction: Request correction of inaccurate or incomplete information
• Deletion: Request deletion of your personal information (subject to legal retention requirements)
• Opt-Out: Opt out of marketing communications at any time
• Data Portability: Request a copy of your data in a portable format
• Restrict Processing: Request restriction of certain processing activities

To exercise these rights, please contact us at the information provided below. We will respond to your request within 30 days.

5.1 Credit Report Rights

You have the right to request a free copy of your credit report annually from each of the three major credit bureaus. Visit www.annualcreditreport.com to obtain your free credit reports.

6. Cookies and Tracking Technologies

We use cookies and similar tracking technologies to enhance your browsing experience and analyze website traffic. Types of cookies we use include:

• Essential Cookies: Required for website functionality
• Analytics Cookies: Help us understand how visitors use our site
• Marketing Cookies: Used to deliver relevant advertisements

You can control cookies through your browser settings. However, disabling certain cookies may affect website functionality.

7. Third-Party Links

Our website may contain links to third-party websites. We are not responsible for the privacy practices or content of these external sites. We encourage you to review the privacy policies of any third-party sites you visit.

8. Children's Privacy

Our services are not directed to individuals under the age of 18. We do not knowingly collect personal information from children. If you believe we have collected information from a child, please contact us immediately so we can delete it.

9. Data Retention

We retain your personal information for as long as necessary to fulfill the purposes outlined in this Privacy Policy, unless a longer retention period is required or permitted by law. Credit applications and related documents are typically retained for 7 years to comply with federal lending regulations.

10. California Privacy Rights (CCPA)

If you are a California resident, you have additional rights under the California Consumer Privacy Act (CCPA):

• Right to know what personal information we collect, use, and share
• Right to delete personal information (subject to exceptions)
• Right to opt-out of the sale of personal information (we do not sell personal information)
• Right to non-discrimination for exercising your privacy rights

11. Changes to This Privacy Policy

We may update this Privacy Policy from time to time to reflect changes in our practices or legal requirements. We will notify you of material changes by posting the updated policy on our website with a new "Last Updated" date. Your continued use of our services after such changes constitutes acceptance of the updated policy.