Typical documents & information
Underwriters usually ask for a defined set of items to verify your business and reduce risk. Have these ready to speed approval:
- Business details: legal business name, DBA (if any), Employer Identification Number (EIN) or Social Security number for sole proprietors.
- Ownership ID: government-issued photo ID for all principals/owners with significant control.
- Legal formation documents: articles of incorporation, partnership agreement, or DBA filing.
- Bank info: voided check or bank letter showing routing and account number.
- Proof of address: recent utility bill or bank statement matching the business address.
- Processing history: recent merchant statements if you’ve processed payments before.
- Business website and product descriptions: URL, sample invoices, or sales pages that explain what you sell.
What to expect and quick tips
Underwriters may request additional documents for higher-risk industries or unusual volumes. Respond quickly, ensure names match across documents, and be transparent about your products and expected monthly volume. Typical approval can be same day to several business days depending on complexity.