The signed form capturing the merchant’s business details, requested amount and authorisation to pull information.
The legal entity name on it must match the account the statements come from. Entity mismatches — a trading name, a professional corporation, a holding structure — are among the most common late-stage file failures and are entirely preventable.
Submission
A completed merchant file sent to a funder for underwriting.
Verification of bank
Confirmation from the merchant’s bank of account ownership, standing and sometimes balances.
EIN
The federal tax identifier assigned to a business entity.
DBA
A name a business trades under that differs from its registered legal entity name.
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