Information We Collect
AltFTool SBA Loans operates as an educational discovery and commercial rate exploration resource. We collect only the minimal information required to compute personalized SBA program estimates (such as 7(a), 504, and Microloans):
- Business Inquiry Parameters: Requested loan amount, use of proceeds (working capital, machinery purchase, commercial real estate acquisition, debt refinancing), approximate annual gross revenue, and years in operation.
- Self-Reported Credit Tier: Approximate personal and business credit score bands used strictly for initial pre-qualification estimates.
- Contact Information: Business email address and representative name submitted when you request tailored SBA program comparison guides.
- Technical Telemetry: Anonymized browser diagnostics, timestamp headers, and feature interaction metrics to keep calculator performance fast and responsive.
How We Use SBA Inquiry Data
Your financial parameters are processed exclusively to calculate mathematical estimates, illustrate potential SBA guaranty fees, estimate repayment structures, and connect you with qualified participating lenders:
- To simulate monthly amortization, maximum loan caps, and approximate repayment schedules across standard 7(a), 504, and Microloan structures.
- To direct pre-qualified inquiries to vetted participating SBA lenders only upon your explicit request.
- To maintain compliance audit trails and verify explicit marketing consent.
Soft Inquiries & Credit Score Protection
Comparing SBA loan options and calculating estimated rates on AltFTool involves soft credit inquiries only. Soft inquiries do not affect your personal or business credit rating and are visible only to you.
If you proceed to formally submit a full SBA loan package with a participating lender or CDC (Certified Development Company), that institution will conduct a standard hard credit inquiry with your signed authorization.
Communications & Notifications
When you provide your business email for rate breakdowns and SBA program updates:
- We send only relevant small business financing insights and rate updates.
- We never sell or distribute your email to cold callers or lead generators.
- Every email features an instantaneous, 1-click unsubscribe option.
Your Rights (GDPR, CCPA & CPRA)
In accordance with global and state privacy regulations, you possess complete control over your business and personal records:
- Right to Know: Request a full breakdown of any data collected during your session.
- Right to Delete: Request immediate, permanent deletion of submitted contact details.
- Right to Opt-Out: Opt out of non-essential analytics and educational communications at any time.
Data Retention & Security
Session inquiry inputs are retained only as long as necessary to provide comparison services or satisfy regulatory recordkeeping requirements, after which records are anonymized or permanently erased.