The signature authorizes the cash advance provider to obtain a copies Job Function Email List of the applicant's business and personal Job Function Email List credit reports. Pre-approvals can be given within 24 hours of the application being submitted along with the business's 4 most recent credit card processing statements. At lease one, if not all, of Job Function Email List the statements must be complete (i.e. all pages submitted) so underwriting Job Function Email List can review them completely, looking at credit card processing activity, transaction count, average ticket size, batch Job Function Email List frequency and rate analysis.
The pre-approval will consist Job Function Email List of a few different funding options based on the statements you submitted, along with a list of additional paperwork you'll need to submit prior to approval. This can vary slightly on a Job Function Email List case by case basis, but here's a complete list of paperwork that's generally required: Signed, completed application. 4 most recent credit card processing statements. Seasonal businesses may have to submit more so underwriting can fully understand your seasonality. 3 most recent business Job Function Email List bank statements. This should be the account where your credit card deposits go. If that account sweeps to another operating account, those statements may also be required.
Business lease. Underwriting will Job Function Email List need the pages listing the parties to the lease, the term and expiration date, the property address and the signatures. Proof of ownership. This can be a business licence or articles of organization. Driver's license Job Function Email List or other state issued identification card. Voided check. Deals over a certain size may require year-to-date financial statements or the most recent tax returns. Three Different Job Function Email List Programs Besides the main business cash advance program, there are two additional programs available: The Starter Program - The starter program is designed for those individuals and businesses who don't qualify for the traditional program.