Essentia Funding, LLC ("Essentia," "we," "us") is a direct funder providing financing to businesses, including merchant cash advances (purchases of future receivables) and equipment financing. This Privacy Policy explains how we collect, use, and share information when you visit our website, submit an application, or otherwise interact with us.
1. Information we collect
Application information. When you or your business applies for financing, we collect business information (legal name, EIN, address, industry, time in business), owner information (name, address, date of birth, Social Security number, ownership percentage), and financial information (business bank statements, revenue and receivables data, processing statements, tax returns, and balances).
Automatic information. When you use our website we collect device and usage information such as IP address, browser type, pages viewed, and cookie identifiers.
Third-party information. With your authorization, we obtain reports from consumer and commercial credit bureaus, bank-data providers you connect, identity-verification services, and public records (including UCC filings and business registrations).
2. How we use information
We use information to verify identity and business ownership; evaluate applications and underwrite financing, including assessing your business's receivables for merchant cash advance offers; originate, service, and collect on funded transactions; detect and prevent fraud; comply with legal obligations (including anti-money-laundering rules); improve our website and services; and, with your consent where required, send you marketing about products that may interest your business. You may opt out of marketing at any time.
3. How we share information
We share information only as needed to provide and service your financing and as required by law: with funding partners and participants who fund, purchase an interest in, or service your transaction; with service providers acting on our behalf under contract (identity verification, bank-data aggregation, document processing, payment processing, and email and text-message delivery), who may use information only to perform services for us; with credit bureaus, to whom we may report application and performance information; with the broker or ISO who referred your application, limited to the status and outcome of that application; and with authorities when required by law, subpoena, or to protect our rights. We do not sell your personal information.
We do not sell or share your SMS opt-in data or personal information with third parties for marketing purposes. No mobile information will be shared with third parties or affiliates for marketing or promotional purposes. Text messaging originator opt-in data and consent are not shared with any third party.
4. Telephone and text communications
We call or text you only as permitted by law and by the choices you make. Providing a phone number on an application or agreement does not by itself enroll you in text messages. Text messages fall into two separate programs, each with its own opt-in:
Account and payment texts (servicing). Reminders of scheduled payments, returned or missed payment notices, payment confirmations, and balance updates on an existing funding agreement. You opt in by checking a separate, optional box on our closing page or on the Optional Consent page of your funding package, or by texting START to (856) 567-5318.
Marketing calls and texts. Offers and information about our products. You opt in only by a separate affirmative selection on the same page. Marketing consent is never a condition of applying for, obtaining or purchasing any financing, product or service.
Every consent box is optional and unchecked by default. Declining or withdrawing consent does not affect your eligibility, approval, funding, pricing or account servicing.
You may withdraw consent at any time by replying STOP to any text message, by emailing legal@essentiafunding.com, or by calling (856) 567-5318.
Reply HELP to any text for help. Message frequency varies; message and data rates may apply. See the
Text Messaging Terms and Conditions.
We do not sell or share your SMS opt-in data or personal information with third parties for marketing purposes. Mobile information and text-message opt-in data are shared only with the service providers that deliver the messages you asked for, acting on our behalf, and as required by law. Full program terms:
Text Messaging Terms and Conditions.
5. Security and retention
We protect information using encryption in transit and at rest, access controls, and monitoring. We retain application and transaction records as long as needed for the purposes described above and to meet legal and regulatory retention requirements.
6. Your choices and rights
You may request access to, correction of, or deletion of your personal information, subject to legal retention requirements. Residents of California and certain other states have additional rights under state privacy laws, including the right to know what personal information we collect and to non-discrimination for exercising rights. To exercise any right, contact admin@essentiafunding.com.
7. Cookies
We use cookies and similar technologies for site functionality, analytics, and advertising measurement. You can control cookies through your browser settings.
8. Changes and contact
We may update this policy from time to time; the "Last updated" date reflects the current version. Questions: admin@essentiafunding.com.
