We will need to collect personal information from you to determine whether to make you a loan, and if we do make you a loan, to administer that loan and collect the loan from you if you fail to pay us. The information we collect may
include your name, birth date, home address, nancial status, bank account details for payments, your business plan and ideas for use of this loan, and medical information about you.
We will use your personal information for the following purposes:
• Process your submitted application;
• To administer your loan;
• Build relationships, facilitate networking opportunities and match entrepreneurs like you with mentors;
• Assist with administrative or technical support of your loan and business;
• Gather opinion and feedback through surveys;
• Comply with Canadian legal and regulatory requirements;
• Maintain statistical and record keeping operations.
Your personal information may be collected, used or disclosed for any of the identified proposes set out above. We will not use or disclose it for other purposes without obtaining additional consent from you.
Please note that your consent is necessary for us to process your loan application and administer this loan if advanced to you. You may withdraw your consent at any time upon reasonable written notice, subject to legal or contractual restrictions. Please note that the withdrawal of consent will affect our ability to provide you with the products and services that you would like to receive.
To achieve the identified purposes listed above, your personal information may be shared with third parties such as government or industry agencies, our bank processing your payments, mentors and advisors to your business, credit reporting agencies, insurers, financial products dealers and financial institutions.
Sometimes you may be working with a referral agency to help you prepare your business plan and start up your business.