Credit Bureau Reporting
For commercial loans where individuals (owners, guarantors) carry personal guarantees, we report loan activity to consumer credit bureaus (Equifax, Experian, TransUnion) as required by Fair Credit Reporting Act data furnisher obligations. For entity-level reporting, we report to Dun & Bradstreet and similar commercial bureaus. Borrowers have the right to dispute inaccurate information directly with us; disputes must be investigated and corrected within 30 days under FCRA.
Adverse action notices are issued in writing when a credit application is declined or when credit terms are less favorable than applied for — per FCRA and Equal Credit Opportunity Act (ECOA) requirements. Notices include the principal reasons, the credit bureau used (if applicable), and your rights. Review Consumer Financial Protection Bureau resources for additional consumer education on FCRA rights.
