Supporting Documentation Requirement

To finalize the application process, the underwriting department requires the following 3 supporting documents:

Document #Document NameAdditional Details
1Signature PageVersion 07-2016
2Balance SheetRolling 12 Months
3Profit & Loss StatementRolling 12 Months

In lieu of the Balance Sheet and Profit & Loss Statements, you may provide either document 4 or 5:

Document #Document NameAdditional Details
4Business Tax ReturnMost Recent
5Audited FinancialsPrepared by CPA

All businesses must comply with the Bank Secrecy Act and its implementing regulations (“Anti-Money Laundering rules”). The purpose of the Anti-Money Laundering (AML) rules is to help the federal government detect and report suspicious activity including the predicate offenses to money laundering and terrorist financing, such as securities fraud and market manipulation. For this reason, a copy of the U.S. issued identification is required for all beneficial owners and authorized signers as outlined on the merchant application.

Document #Document NameAdditional Details
6U.S. State IDIdentification
7U.S. Government Issued Military Service IDIdentification
8U.S. PassportIdentification
9U.S. State Driver's LicenseIdentification

(1) Signature Page

The Signature Page is a one-page document that must be signed by either an individual who is either an owner or an authorized officer of the company. Click here to access the Signature Page and related instructions.

(2) Balance Sheet (rolling 12 months)

To access the Balance Sheet, find the “Reports” section in your accounting system and search for “Balance Sheet” or “Balance Sheet Standard”. Update the start date and end date to run the report for the previous 12 months.

Be sure to click on update or refresh as most accounting systems will generate the report based on the current month or year-to-date.

(3) Profit & Loss Statement (rolling 12 months)

To access the Profit & Loss Statement, find the “Reports” section in your accounting system and search for “Profit & Loss” or “Profit & Loss Standard”. Update the start date and end date to run the report for the previous 12 months.

Be sure to click on update or refresh as most accounting systems will generate the report based on the current month or year-to-date.

(4) Business Tax Return (most recent)

Business Tax Returns are accepted in lieu of a Balance Sheet and Profit & Loss Statement. If you are submitting a tax return, please include all pages.

(5) Audited Financials (prepared by CPA)

Audited Financials are accepted in lieu of a Balance Sheet and Profit & Loss Statement. If you are submitting audited financials, please include all pages.

(6) U.S. State ID

A U.S. State ID is one of the valid forms of identification used to verify a Beneficial Owner or Authorized Signer as part of the Anti-Money Laundering (AML) requirements.

(7) U.S. Government Issued Military Service ID

A U.S. Government Issued Military Service ID is one of the valid forms of identification used to verify a Beneficial Owner or Authorized Signer as part of the Anti-Money Laundering (AML) requirements.

(8) U.S. Passport

A U.S. Passport is one of the valid forms of identification used to verify a Beneficial Owner or Authorized Signer as part of the Anti-Money Laundering (AML) requirements.

(9) U.S. State Driver’s License

A U.S. State Driver’s License is one of the valid forms of identification used to verify a Beneficial Owner or Authorized Signer as part of the Anti-Money Laundering (AML) requirements.
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