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What is the process for a Bank Statement Loan?

What is the process for a Bank Statement Loan?

Most companies require a short application, as well as bank statements and sometimes merchant (credit card) processing statements. They use this information to calculate and verify cash-flow and revenue. Other information often needed before funding include things like: Landlord contact information, copies of drivers licenses, and a voided check (for ACH deposit and payments). Sometimes proof of ownership or corporation in good standing is needed, as is a copy of the business lease.

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