Last updated 08/13/2026
Plaid is a third party that helps us securely validate the bank account data and other information you have provided in your application and to undertake continuing checks and monitoring.
We may use Plaid to:
Verify your bank account and account ownership information.
Request real-time balance data, confirm business activity, and verify business revenue
Access transaction history, including merchant and category details
Payment initiation
Conduct ongoing account monitoring, where authorized, to verify information manage fraud or other risks, and determine continued eligibility for applicable products or services.
To meet our regulatory obligations
To refer your application to alternative financing partners, and share the bank account, balance, transaction history, transaction categories, and business revenue information we have validated or derived using Plaid with them, so they can assess whether to offer you their own financing product
If you authorize ongoing access to your financial account information, we may periodically obtain updated account, balance, transaction, or business revenue information for the purposes described above. Ongoing access will be subject to the permissions associated with your connected account. Disconnecting an account may affect our ability to provide or administer products or services that depend on access to that information.
Connecting your financial account through Plaid does not, by itself, authorize us to withdraw funds from your account. Any payment initiated using your connected account will be made pursuant to the separate payment instructions or authorization applicable to that payment.
We have selected Plaid for their security protocols which include Advanced Encryption Standard (AES), Transport Layer Security (TLS) as well as their adherence to international security protocols. For more information on Plaid’s international security certifications and details on their security & privacy protocols, please visit their website here.
We reserve the right to modify or update these terms at any time by posting the revised version on our website. Any changes will become effective upon posting, subject to applicable law.