Book
Files

Stips: what funders ask for and why

Most are predictable. Collecting them late is what kills the deal.

Alex Makowski · Updated 30 August 2026 · 2 min read

The short answer

Stipulations are the documents a funder requires before releasing money — commonly a driver’s licence, a voided cheque, proof of ownership, a landlord or lease document, and recent statements to bridge the gap since submission. They rarely change an approved decision; what they change is the timeline, and a deal that slows down at the stip stage is a deal a competing broker can still take.

Approval is not funding. Between the two sits a list of documents, and the merchant’s enthusiasm has a half-life measured in days. Treat stips as a race rather than as paperwork.

StipWhy it is asked for
Photo IDIdentity, and matching the personal guarantee
Voided cheque or bank letterConfirming the account that will be debited
Proof of ownershipThat the person signing can bind the business
Lease or landlord contactThat the business operates where it says
Most recent month’s statementsBridging the gap since submission
Tax ID confirmationMatching the entity to the filing

Collect what you can before you submit

The ID and the voided cheque are asked for on essentially every deal. Getting them on the same call as the statements costs the merchant one extra minute while they are already engaged, and removes a day from the funding timeline later — which is the day a competing offer arrives in.

When a stip is really a warning

  • A request to see other accounts usually means the deposits do not reconcile with the stated revenue.
  • Landlord verification on a business with a residential address means they are checking it operates at all.
  • A request for the last two weeks of transactions usually means something recent looked off.
  • Repeated ownership questions can mean the entity name does not match the account.

None of these is fatal, but each one tells you what the underwriter is uncertain about — which is useful information you can address directly rather than waiting to see whether it kills the file.

Questions.

Keep reading.

Book 15 minutes with Alex.

We will tell you straight up if we cannot help you.

Read this before you book.

  • ✗We do not offer free trials.
  • ✗We do not give discounts.
  • ✗We do not do commission deals.
  • ✓We require an upfront investment to work with us.

If you are not able to invest into getting more leads for your brokerage, do not book a call.

— Alex