Terms of Use

TERMS & CONDITIONS

LOANBOX

PO Box 7399

Breckenridge, CO 80424

Effective Date: 1/1/2024

This web page represents a legal document and is the Terms and Conditions (Agreement) for our website, www.loanbox.com (Website). By using our Website, you agree to fully comply with and be bound by the following Agreement each time you use our Website.

Definitions

The terms “us”, “we”, and “our” refer to LOANBOX, the owner of this Website. A “Visitor” is someone who merely browses our Website. A “Member” is someone who has registered with our Website to use our Services. The term “User” is a collective identifier that refers to either a Visitor or a Member. The term “Product” refers to any products we sell or give away.

All text, information, graphics, design, and data offered through our Website or Services, whether produced by our Members or by us, are collectively known as our “Content”. We distinguish content posted by our Members as “Member Content”.

Acceptance of Agreement

This Agreement is between you and LOANBOX.

THIS AGREEMENT CONTAINS WARRANTY DISCLAIMERS AND OTHER PROVISIONS THAT LIMIT OUR LIABILITY TO YOU. PLEASE READ THESE TERMS AND CONDITIONS CAREFULLY AND IN THEIR ENTIRETY, AS USING, ACCESSING, AND/OR BROWSING OUR WEBSITE CONSTITUTES ACCEPTANCE OF THESE TERMS AND CONDITIONS. IF YOU DO NOT AGREE TO BE BOUND TO EACH AND EVERY TERM AND CONDITION SET FORTH HEREIN, PLEASE EXIT OUR WEBSITE IMMEDIATELY AND DO NOT USE, ACCESS, AND/OR BROWSE IT FURTHER.

Except as otherwise noted, this Agreement constitutes the entire and only Agreement between you and LOANBOX and supersedes all other Agreements, representations, warranties, and understandings with respect to our Website, Services, and the subject matter contained herein. However, for you to use our Website and/or Services, you may also be required to agree to additional terms and conditions. Those additional terms and conditions will be incorporated into this Agreement unless otherwise stated.

Privacy Policy

Our Privacy Policy is considered part of this Agreement and is available on this website. If you do not accept and agree to be bound by all the terms of this Agreement, including the LOANBOX.com/privacy policy, Privacy Notice, do not use this Website or our Services.

Arbitration

Any legal controversy or claim arising from or relating to this Agreement and/or our Service, excluding legal action taken by us to collect or recover damages for – or obtain any injunction relating to – website operations, intellectual property, and our Service, will be settled solely by binding arbitration in accordance with the commercial arbitration rules of the American Arbitration Association. Any such controversy or claim will be arbitrated on an individual basis, and will not be consolidated in any arbitration with any claim or controversy of any other party.

The arbitration will be conducted in Breckenridge, Colorado and judgment on the arbitration award may be entered into any court having jurisdiction thereof. You or we may seek any interim or preliminary relief from a court of competent jurisdiction in Breckenridge, Colorado necessary to protect our or your rights or property pending the completion of arbitration. Each party will bear half the arbitration fees and costs.

Choice of Law and Jurisdiction

This Agreement will be treated as if it were executed and performed in Summit County, Colorado and will be governed by and construed in accordance with the laws of the state of Colorado without regard to conflict of law provisions. In addition, you agree to submit to the personal jurisdiction and venue of such courts. Any cause of action by you with respect to our Website or Service must be instituted within one (1) year after the cause of action arose or be forever waived and barred.

Limited License

LOANBOX grants you a nonexclusive, nontransferable, revocable license to access and use our Website and Services strictly in accordance with this Agreement. Your use of our Website and Services is solely for internal, personal, noncommercial purposes unless otherwise provided for in this Agreement. No printout or electronic version of any part of our Website or Services may be used by you in any litigation or arbitration matter whatsoever under any circumstances.

Legal Compliance

You agree to comply with all applicable domestic and international laws, statutes, ordinances, and regulations regarding your use of our Website, Content, Services, and any software provided therein.

Our Relationship to You

This Agreement in no way creates any agency, partnership, joint venture, or employee-employer or franchisor-franchisee relationship between you and LOANBOX.

Our Intellectual Property

Our Website may contain our service marks or trademarks as well as those of our affiliates or other companies in the form of words, graphics, and logos. Your use of our Website or Services does not constitute any right or license for you to use our service marks or trademarks without the prior written permission of LOANBOX. Our Content, as found within our Website and Services, is protected under United States and foreign copyrights. The copying, redistribution, use, or publication by you of any such Content is strictly prohibited. Your use of our Website and Services does not grant you any ownership rights to our Content.

Eligibility and Registration for Membership

To use our Services, you must register with our Website to become a Member. Your Membership is not transferable or assignable and is void where prohibited. Our Website and Services are intended solely for Users who are at least (18) years of age or older. Any registration by, use of, or access to our Website by anyone under that age is unauthorized, unlicensed, and in violation of these Terms and Conditions. By using our Website and/or Services, you represent and warrant that you are (18) years of age or older and agree to abide by all the terms and conditions of this Agreement. LOANBOX has sole right and discretion to determine whether to accept a Member, and may reject a Member’s registration with or without explanation.

When you complete the registration process, you will receive a password that will allow you to access our Services. You agree to maintain the confidentiality of your password and are fully responsible for all liability and damages resulting from your failure to maintain that confidentiality as well as all activities that occur through the use of your password.

You agree to immediately notify us of any unauthorized use of your password or any other breach of security. You agree that our Website cannot and will not be liable for any loss or damage arising from your failure to comply with password security as discussed herein.

Errors, Corrections, and Changes

We do not represent or otherwise warrant that our Website or any reports, dashboards, projections, forecasts, or any third party sourced data will be error-free or free from viruses or other harmful components, or that we will correct any errors. We do not represent or otherwise warrant that the information available on or through our Website will be correct, accurate, timely, or otherwise reliable.

Data Disclaimer

The original source of SBA loan data LOANBOX collects and continually updates is derived from data released by the U.S. Small Business Administration (SBA) in accordance with the Freedom of Information Act (FOIA). LOANBOX's collection methodology involves data-merging, structuring, and filtration of the original SBA-supplied files to enable faster processing speed. This information is provided for informational purposes only and should not be relied on for any purpose.

Disclaimer

Our Website may contain (or you may be sent through our Website) links to other websites or content belonging to or originating from third parties or links to websites and features in banners or other advertising. Such external links are not investigated, monitored, or checked for accuracy, adequacy, validity, reliability, availability, or completeness by us.

Privacy Policy

PRIVACY POLICY & TERMS OF USE

January 1, 2024

LoanBox, LLC operates this website. LoanBox values its users’ privacy. This Privacy Policy (“Policy”) will help you understand how we collect and use personal information from those who visit our website or make use of our online facilities and services, and what we will and will not do with the information we collect. Our Policy has been meticulously designed to ensure those affiliated with LoanBox are aware of our commitment and obligation to not only meet but to exceed existing privacy standards. We reserve the right to make changes to this Policy at any time. To stay updated with the latest changes, we advise you to frequently visit this page. If at any point LoanBox decides to use any personally identifiable information in a manner that significantly differs from what was initially stated, we will promptly notify users via email. Users shall have the option to approve or decline such use of their information. This Policy specifically applies to LoanBox, governing data collection and usage by us. By using www.loanbox.com, you consent to the data collection procedures outlined in this Policy. Please note that this Policy does not govern the collection and use of information by companies not controlled by LoanBox or individuals not employed by us. We recommend that you review the privacy policies of any external websites before providing them with information.

This Policy will inform you of the following:

  1. What personally identifiable information is collected from you through our website.

  2. Why we collect personally identifiable information and the legal basis for such collection.

  3. How we use the collected information and with whom it may be shared.

  4. What choices are available regarding the use of your data.

  5. The security procedures in place to protect the misuse of your information.

Information We Collect

It is always your choice whether to disclose personally identifiable information to us. However, if you elect not to disclose such information, we reserve the right not to register you as a user or provide you with any products or services. Our website collects various types of information, including personally identifiable information which may include your name, address, email address, billing and/or credit card information, for the purpose of fulfilling your requests for products and/or services. Additionally, we automatically collect information when visiting our website, such as cookies, third-party tracking technologies, and server logs. Further, LoanBox may occasionally gather non-personal demographic data, including age, gender, income, political affiliation, race, and other attributes, to enhance our service quality. Rest assured, personal information will only be collected if you knowingly provide it through surveys, membership forms, and emails. The intent is to use such information solely for the purpose for which it was collected and any additional uses outlined in this Policy.

Why We Collect Information and For How Long

We collect your data for several reasons: to understand your needs better; to improve our services and products; to send you promotional emails with your consent; and to customize our website based on your preferences. The data will be retained only as long as necessary, determined by criteria such as relevance, necessity for record-keeping, legal limitations, and our legitimate interest.

Use of Information Collected

LoanBox does not and will not sell, rent, or lease any of its customer lists or names to third parties. We may utilize your personal information to operate our website effectively and deliver requested services. Occasionally, we may use identifiable information to inform you of additional products and services available through our website. We may also contact you regarding surveys and research questionnaires related to our services.

**Disclosure of Information**LoanBox may not use or disclose the information provided by you except under the following circumstances:

  • as necessary to provide services or products you have ordered;

  • in other ways described in this Policy or to which you have otherwise consented;

  • in the aggregate with other information in such a way so that your identity cannot reasonably be determined;

  • as required by law, or in response to a subpoena or search warrant;

  • to outside auditors who have agreed to keep the information confidential;

  • as necessary to enforce the Terms of Service;

  • as necessary to maintain, safeguard and preserve all the rights and property of AdvisorBox, LLC.

**Non-Marketing Purposes**LoanBox greatly respects your privacy. We do maintain and reserve the right to contact you if needed for non-marketing purposes (such as bug alerts, security breaches, account issues, and/or changes in LoanBox products and services). In certain circumstances, we may use our website, newspapers, or other public means to post a notice.

Unsubscribe or Opt-Out

All users and visitors to our website have the option to discontinue receiving communications from us by way of email or newsletters. To discontinue or unsubscribe from our website please send an email that you wish to unsubscribe to info@LoanBox.com. If you wish to unsubscribe or opt-out from any third-party websites, you must go to that specific website to unsubscribe or opt-out. LoanBox will continue to adhere to this Policy with respect to any personal information previously collected.

Links to Other Websites

Our website does contain links to affiliate and other websites. LoanBox does not claim nor accept responsibility for any privacy policies, practices and/or procedures of other such websites. Therefore, we encourage all users and visitors to be aware when they leave our website and to read the privacy statements of every website that collects personally identifiable information. This Privacy Policy Agreement applies only and solely to the information collected by our website.

Security

LoanBox takes precautions to protect your information. When you submit sensitive information via the website, your information is protected both online and offline. Wherever we collect sensitive information (e.g., credit card information), that information is encrypted and transmitted to us in a secure way. You can verify this by looking for a lock icon in the address bar and looking for “https” at the beginning of the address of the webpage.

Acceptance of Terms

By using this website, you are hereby accepting the terms and conditions stipulated within the Privacy Policy Agreement. If you are not in agreement with our terms and conditions, then you should refrain from further use of our site. In addition, your continued use of our website following the posting of any updates or changes to our terms and conditions shall mean that you agree and acceptance of such changes.

How to Contact Us

If you have any questions or concerns regarding the Privacy Policy Agreement related to our website, please feel free to contact us at the following email, telephone number or mailing address.

Email: info@loanbox.com

Telephone Number: 970-646-1100

Mailing Address:

LoanBox, LLC

PO Box 7399

Breckenridge, Colorado 80424

SBA 7(a) Analytics Platform

All SBA data mentioned or shared on this website comes from the lending analytics platform developed and maintained by SBADNA Analytics. SBADNA and LoanBox are both owned by the same parent company FuseSync LLC.

SBA DATA SOURCE AND METHODOLOGY

Data Source
The original source of SBA loan data is derived from data released by the U.S. Small Business Administration (SBA). The SBA collects individual loan data from the SBA lender/bank approving and providing SBA loans. The SBA then makes basic loan data public through the FOIA (Freedom of Information Act) requirements. The SBA FOIA data is imported into the SBADNA advanced analytics platform which is then used to generate the reports and rankings on SBAmatch.com.

SBA 7(a) Program
All SBA lending data on this site is based on the SBA’s flagship 7(a) program and does not include loan data for the 504 Program, or PPP loan disbursements or recipients.

Data Integrity
As with most big datasets, the U.S. Small Business Administration (SBA) reported data is imperfect, relying on a bank representative to input the data, on the SBADNA analytics platform to calculate the data accurately, and on SBAmatch to post the correct data to the right pages and categories. Sometimes data points will have an erroneous entry or placement and the percentage of erroneous data vary by lender. Different lenders take different levels of care in the accuracy of the data provided to the SBA. Older data is less reliable than recent data. 

Loan Status
Loan Approvals and approval amounts reported include all loan statuses. If a loan was approved but then cancelled, we still include these counts unless otherwise noted. When a loan approval is cancelled it is usually due to the borrower not moving forward with the loan (for a multitude of reasons) and not because of the lender’s unwillingness to fund a loan that has been approved. Lenders do frequently update their information on loan status but updated data isn’t available to us until the following quarterly SBA data release(s).

Forecast Model
Forecasting is used to make predictions for specific future time periods. Our forecast model is far from a crystal ball, it’s just an AI-powered best guess. For lenders and franchises with fewer than 10 years of data, or when the loan data category has minimal or erratic data, the forecast quality suffers. Our forecast model is based on Holt-Winters Forecasting model a.k.a. Triple Exponential Smoothing. The forecast is calculated as a weighted average of all historical data. Recent data is weighted exponentially higher than older data. The Holt-Winters method is based on either additive or multiplicative components. The AI-powered platform internally calculates results by both algorithms and shows the best results of the two.

Why our data may vary from other sources
Based on “apples to apples” comparisons all sources will be very close to each other. Usually when there is a discrepancy it is because of:

  • Time Frame. SBA bases annual numbers on the SBA fiscal year which ends September 30th. We report for fiscal year, calendar year, trailing 12 months, quarterly, and also generate reports for last 5 years, 10 years, 20 years and all-time. 

  • Duplicates. Other sources may not be accounting for duplicate data that has been merged or purged from our database. We have merged tens of thousands of duplicate loans, franchise brands, and cities, and continue with duplicate purging efforts. When a bank purchases another bank we merge the two bank names into one.

  • Approved vs. Disbursed. Other sources only use loan “approvals” as their measuring stick. A loan approved does not always equate into a loan disbursed. While approvals are the general variable we use, we often report on actual disbursements (funded loans) as well. Disbursed amounts will always be lower than approved amounts. 

  • Cancelled Loans.  If a loan was approved but then cancelled, we still include these counts unless otherwise noted. 

  • Franchise Insiders. Franchisors and franchise based associations and analytics firms have additional data they may report on specific franchise brands, distributors, and sub-franchisees that may not be able to be captured through SBA data analytics alone.

No Warranty of Data Accuracy or Completeness
LoanBox and SBADNA does not validate or verify the data released by the SBA.