Privacy Policy
Privacy Policy
At NewCD Assets Management ("we," "us," or "our"), we provide direct lender brokerage services to assist clients in obtaining funding for their business needs. This Direct Lender Brokerage Service Policy outlines the terms and conditions governing our services and the responsibilities of both parties involved. By engaging our direct lender brokerage services, you agree to comply with this policy.
1. Direct Lender Brokerage Services:
a. Our direct lender brokerage services involve connecting clients ("Borrowers") directly with potential funding sources ("Lenders") to facilitate funding transactions. We act as an intermediary and facilitate communication between Borrowers and Lenders but do not provide funding directly.
b. We will make reasonable efforts to match Borrowers' funding needs with suitable Lenders based on the information provided by the Borrowers. However, we do not guarantee funding approval or specific loan terms, as the final decision rests with the Lenders.
c. Our role is to assist Borrowers throughout the funding process, including gathering necessary documents, preparing applications, and guiding Borrowers through the underwriting and closing processes. We will provide guidance and support, but we do not provide legal, financial, or tax advice. Borrowers are responsible for obtaining independent professional advice as needed.
2. Borrower Responsibilities:
a. Borrowers are responsible for providing accurate and complete information during the application process. This includes personal and business details, financial statements, credit history, and any other information requested by us or the Lenders.
b. Borrowers must disclose any material changes to their financial situation or business circumstances that may affect the funding application or loan terms. Failure to provide accurate and updated information may result in delays, rejection of the application, or unfavorable loan terms.
c. Borrowers acknowledge that we may share their information with Lenders for the purpose of evaluating funding requests. Borrowers should review the privacy policies of the Lenders to understand how their information will be handled.
d. Borrowers understand that the ultimate decision regarding funding approval and loan terms rests with the Lenders. We do not guarantee funding success or specific loan terms.
3. Fees and Compensation:
a. Our direct lender brokerage services are generally provided to Borrowers at no direct cost. We are compensated by Lenders through a commission or fee based on the successful funding of a loan. The specific compensation arrangement may vary depending on the Lender and the loan transaction.
b. Borrowers will be informed of any fees or compensation arrangements before engaging our direct lender brokerage services. Any fees payable by the Borrowers will be disclosed in writing and agreed upon before the commencement of services.
4. Confidentiality and Privacy:
a. We will treat all information provided by Borrowers as confidential and will only share it with Lenders for the purpose of evaluating funding requests. We maintain appropriate safeguards to protect the confidentiality and security of Borrowers' information, as outlined in our Privacy Policy.
b. Borrowers should review our Privacy Policy to understand how we collect, use, and protect their personal information. By engaging our direct lender brokerage services, Borrowers acknowledge and consent to the practices described in the Privacy Policy.
5. Limitation of Liability:
a. We strive to provide accurate and reliable information and services. However, we do not guarantee the accuracy, completeness, or suitability of the information provided. Borrowers acknowledge that the final decision regarding funding approval and loan terms rests with the Lenders.
b. We are not liable for any direct, indirect, incidental, consequential, or punitive damages arising from the use of our direct lender brokerage services or any actions or decisions made by Borrowers or Lenders based on the information or services provided.
6. Termination:
a. Either party may terminate the direct lender brokerage services by providing written notice to the other party. Termination will not affect any obligations or rights acquired before the termination date.
b. In the event of termination, Borrowers remain responsible for any fees or costs incurred up to the termination date as agreed upon in the fee structure or compensation arrangement.
Effective Date: 5/1/2022
At NewCD Assets Management ("we," "us," or "our"), we are committed to protecting the privacy and personal information of our website visitors and clients. This Privacy Policy outlines the types of information we collect, how we use and protect it, and your rights regarding your personal data. By using our website and services, you consent to the practices described in this policy.
1. Information We Collect:
a. Personal Information: When you use our website or engage with our services, we may collect personal information such as your name, email address, phone number, business information, and financial details necessary for funding purposes. We collect this information when you fill out forms, submit applications, or communicate with us. We may also collect additional information if necessary to comply with legal requirements or provide you with personalized services.
b. Website Usage Information: We may collect non-personal information about your interactions with our website, including IP addresses, browser type, operating system, referring URLs, and other technical details. This information is collected through cookies and similar technologies and helps us improve our website, analyze trends, and enhance your user experience.
2. Use of Information:
a. We use the personal information you provide to process your funding requests, communicate with you, and deliver our services. This includes assessing your eligibility for funding, verifying information, and facilitating transactions. We may also use your information to provide customer support, answer inquiries, and address your concerns.
b. We may use your information to send you promotional materials, updates, and offers related to our services that we believe may be of interest to you. You can opt-out of receiving such communications at any time by following the instructions provided in the communication or by contacting us directly.
c. We may analyze aggregated and anonymized data for internal purposes, such as statistical analysis, improving our services, and enhancing our website's functionality. This helps us understand trends, preferences, and usage patterns, allowing us to tailor our offerings to better meet your needs.
3. Information Sharing:
a. We do not sell, rent, or lease your personal information to third parties for their marketing purposes. However, we may share your information in the following circumstances:
i. Service Providers: We may engage trusted third-party service providers to assist us in delivering our services. These providers may have access to your personal information and are contractually obligated to maintain the confidentiality and security of your information.
ii. Legal Compliance: We may disclose your information when required by law, court order, or to protect our rights, property, or safety, as well as the rights, property, or safety of others.
iii. Business Transfers: In the event of a merger, acquisition, or sale of assets, your personal information may be transferred to the acquiring entity or parties involved, subject to the terms of this Privacy Policy.
4. Data Security:
a. We implement industry-standard security measures to safeguard your personal information from unauthorized access, use, alteration, or disclosure. These measures include physical, electronic, and administrative safeguards designed to protect the confidentiality, integrity, and availability of your data.
b. We regularly review and update our security practices to ensure the ongoing protection of your data. However, no method of transmission over the internet or electronic storage is 100% secure, and we cannot guarantee absolute security. It is important that you take precautions to protect your personal information and notify us immediately of any unauthorized use or security breach.
5. Your Rights:
a. You have the right to access, correct, update, or delete your personal information. If you wish to exercise these rights, please contact us using the information provided below. We will make reasonable efforts to respond to your requests in a timely manner.
b. You may also have the right to object to or restrict certain processing activities, as well as the right to data portability. If you have any concerns regarding our data processing activities, please contact us, and we will address your concerns in accordance with applicable data protection laws.
c. You may opt-out of receiving promotional communications from us by following the unsubscribe instructions included in our emails or by contacting us directly. Please note that even if you opt-out of receiving marketing communications, we may still send you transactional or administrative messages related to our services.
d. Our website may contain links to third-party websites. This Privacy Policy applies only to our website, and we are not responsible for the privacy practices of external sites. We encourage you to review the privacy policies of those websites before providing any personal information.
6. Children's Privacy:
Our services are not intended for individuals under the age of 18. We do not knowingly collect personal information from children. If we become aware that we have inadvertently collected personal information from a child, we will take steps to delete such information as soon as possible.
7. Changes to the Privacy Policy:
We reserve the right to modify or update this Privacy Policy at any time. Any changes will be posted on this page with the updated effective date. We encourage you to review this policy periodically to stay informed about how we collect, use, and protect your information. If we make material changes to this Privacy Policy, we will notify you by email or through a prominent notice on our website.
8. Contact Us:
If you have any questions, concerns, or requests regarding this Privacy Policy or our data practices, please contact us at:
NewCD Assets Management
Email: [email protected]
Phone: 914-873-5881
By using our website and services, you acknowledge that you have read, understood, and agreed to the terms of this Privacy Policy. We are committed to protecting your privacy and ensuring the security of your personal information.