Stop Unwanted Calls-Apply Directly to One Source
Have you ever wondered why credit card offers show up in your mailbox? Or why your phone is ringing with unsolicited loan offers? If you recently applied for a business loan, your phone may have blown up with banks and lenders eager to work with you, even if they are not the lender with whom you applied for a loan. What it means is that someone probably sold your number.
If you secured your loan with some form of collateral or assets, your lender might file something called a UCC lien. It is a document filed with the secretary of state which establishes their lien on your property. On it will be listed your company name, location, estimated sales and number of employees. Companies aggregate this information and sell it to lenders who know that if you have taken out a loan, you may need access to more capital.
If you want to stop these calls, you can go to the government’s do not call website and register your phone number. Once the business funding has been paid off, make sure that your lender clears the UCC lien from your record; otherwise you could keep getting calls. Some smartphones have options to screen phone calls from unknown numbers, which you can then block. And there are also spam call blocking services and apps which you can use to handle robocalls.
Many lenders sell lists of names, phone numbers, and other information to alternative lenders, credit card companies and banks. If you submit an application on a lending platform which then distributes your information to multiple lenders, it is almost a guarantee your information will be sold.
Shield Funding is one of the few alternative lenders who keep your information strictly confidential with all of their private business loans. If you apply for a small business loan with Shield, you will not have to worry that you will spend the next few days fielding unwanted offers as you will only work with Shield Funding. We never sell or pass your information along to another company. You can get the business funding you need without the hassle.