Security and Compliance

We understand the importance in providing clear information about our security practices, tools, resources and responsibilities, so that our customers can feel confident in choosing us as a trusted service provider and understand how and what we do in order to secure our platform.

How does Loanspark protect your information?

Loanspark has extensive security measures in place to protect the loss, misuse and alteration of the information we collect, process, and store. We take commercially reasonable security measures to safeguard your information according to strict standards of security and confidentiality.

Security program highlights

Data Security

Loanspark encrypts data at rest and in transit for all of our customers and all the data in our production systems. Each of our employees are required to complete security awareness training once per year to ensure we are protecting data that is handled by our humans.

Application Security

Loanspark regularly engages the industry’s best application security experts for third-party penetration tests. Our penetration testers evaluate the source code, running application, and the deployed environment. In addition, we monitor our applications 24x7x365 for threats.

Infrastructure

Loanspark uses Digital Ocean, top American based cloud infrastructure provider, to host our application. We make full use of the security products embedded with their ecosystem. Our deployment strategy is one where user data is never written into or stored in code and our infrastructure systems access is limited to a very small group of humans. In addition, all points of ingress and egress are monitored daily.

Compliance monitoring and testing

Loanspark uses Vanta for its automated compliance monitoring. In addition, we use a 3rd party provider for penetration testing and auditing. Our data security controls, application security controls and infrastructure platform are monitored 24x7x365 to ensure that we are exceeding regulatory requirements.

Data Security

Loanspark encrypts data at rest and in transit for all of our customers and our production data. Each of our employees are required to complete security awareness training once per year to ensure we are protecting data that is handled by our humans.

Application Security

Loanspark regularly engages some of the industry’s best application security experts for third-party penetration tests. Our penetration testers evaluate the source code, running application, and the deployed environment. In addition to this, we monitor our application 24x7x365 for threats.

Infrastructure

Loanspark uses top American based cloud infrastructure provider to host our application. We make full use of the security products embeeded with the Digital Ocean ecosystem. Our deployment strategy is one where user data is never written into or stored in code and our infrastructure systems access is limited to a very small group of humans. Additionally, all points of ingress and egress are carefully monitored daily.

Compliance monitoring and testing

Loanspark uses automated compliance monitoring and testing. Our data security controls, application security controls and infrastructure platform are monitored 24x7x365 to ensure that we are exceeding regulatory requirments.

Certifications / Licenses

SOC 2 Certification

SOC 2 Type 1 and Type 2 Certified

SOC 2 is the most sought after security framework for SaaS companies. SOC 2 certification confirms that an organization affectively safeguards the privacy and security of all data.

Type 1 confirms the organization's system design complies with the relevant trust principles. Type 2 confirms the operational efficiency of these systems.
NMLS Certification

Nationwide Multistate Licensing SystemID #2260965

Loanspark is currently licensed to originate commercial finance transactions in 47 states, including the state of California where we hold our California Finance Law Brokers License.

License Number:  60DBO-155057

Transparency for our customers

We take pride in our security and compliance practices, check out our Trust Report to learn more

Frequently asked questions

Where is our data stored?
Is our data encrypted?
Which security features do we offer to protect our service from external attacks?
Are we transparent with the way we use and access your customers' data?

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