Updated: November 5, 2025
By accepting the Terms of Conditions in connection with this loan application and any update, extension, or modification, the undersigned authorizes Pursuit to make all inquiries it deems necessary to verify the accuracy of the information provided herein and to determine creditworthiness including, without limitation, obtaining consumer and/or business credit reports and public records searches regarding the applicant, ownership, or any entity with whom they may be affiliated.
Assistance in Completing Loan Application
In order to complete your Loan Application, you do not have to employ an Agent or representative (including Pursuit staff) to provide those services.
Equal Credit Opportunity Act Notice
The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract) because all or part of the applicant’s income is derived from any public assistance program, or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The federal agency that administers compliance with this law is the Federal Trade Commission, Equal Credit Opportunity, Washington, DC 20580.
Fair Credit Reporting Act Disclosures
Under the Fair Credit Reporting Act, the applicant has the right to notify us if the applicant believes we have reported inaccurate information to any Consumer Reporting Agency. Such notices should be sent in writing and include the applicant’s complete name, current address, social security number, telephone number, account number, type of account, specific item of dispute and the reason why it is believed the information was reported in error. Send notice to Executive Vice President and Chief Credit Officer, Richard Amsterdam, Pursuit, 19 British American Blvd East, Latham, NY 12110.
Supplemental Borrower Information
Small business lending programs that the Lender offers requires the request for applicants’ demographic information (ethnicity, race, and sex) and business information (address, NAICS code, number of employees and other data points) to monitor compliance with the Federal Equal Credit Opportunity Act and other disclosure laws. The purpose of collecting the information is to help ensure that all applicants are treated fairly and that the small business lending needs of communities and neighborhoods are being fulfilled.
Federal, State and Local agencies as well as public and private funding organizations often support the Lender’s programs through direct loans and/or grants and require the Lender to provide evidence of compliance with Federal and State laws and report the impact of loans and business advisory services provided. As a result, the Lender is required to submit various reports to Federal, State and Local agencies, and funding organizations that includes aggregate data on applicant demographics. You are not required to provide this information but are encouraged to do so. The law provides that Lender may not discriminate based on this information, or on whether you choose to provide it. Providing this data helps the Lender demonstrate the importance of small business loans and business advisory services and can help provide funding and programs for small businesses in the future.
U.S. Patriot Act of 2001
To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who receives a loan. We will ask for your name, address, date of birth, and other information that will allow us to identify you. We will also ask to see your driver’s license or other identifying documentation.
Money Service Business
The applicant shall disclose whether or not on a regular basis or as an organized business who serves as a check casher, currency dealer or exchanger, issuer of traveler’s checks, money orders or stored value cards, seller or redeemer of traveler’s checks, money orders, or stored value cards, money transmitter and the U.S. Postal Service provided that the person or entity conducts more than $1,000 in business with one person in one or more transactions (in one or more categories) on any one day. Notwithstanding the foregoing, there is no activity threshold or minimum dollar amount applicable to a money transmitter. In the event that the applicant is a Money Service Business, the applicant will provide proof that it has registered as such and the nature of the applicant’s compliance with the requirements of the rules and regulations promulgated by the Department of the Treasury’s Office of Foreign Asset Control.
Requests for Statement of Specific Reasons for Declination
In the event that the Loan Application is denied or other adverse action is taken on the application, the applicant has the right to a statement of specific reasons for denial or adverse action within thirty days, if the statement is requested within sixty days of the denial/notification. Requests for a statement of specific reasons should be addressed to Executive Vice President and Chief Credit Officer, Richard Amsterdam, Pursuit, 19 British American Blvd East, Latham, NY 12110.