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.
Full guide
How to package an MCA fileWhat a funder needs, in the order they need it, so it underwrites the same day.
Related terms
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.