Process terms. Defined.

Process

ACH Hold

An ACH hold is a temporary debit placed on a bank account before a transaction settles, typically during application underwriting verification.

Process

Bank Statement Loan

A bank statement loan is underwritten primarily on 3–6 months of business bank statements, without tax returns or financial statements.

Process

ISO / Broker

a.k.a. ISO, funding broker, loan broker

An ISO (Independent Sales Organization) or broker is a third party that markets funding products and earns a commission on funded deals.

Process

Qualifying Revenue

a.k.a. minimum monthly revenue, average monthly deposits

Qualifying revenue is the minimum verified average monthly gross revenue a business must demonstrate to be eligible for a specific funding product.

Process

Same-Day Funding

Same-day funding means the approved capital is wired to your business bank account the same business day the offer is accepted.

Process

Time in Business

a.k.a. TIB

Time in business is the number of months or years since your business was legally formed and began operating.

Process

Underwriting

Underwriting is the risk-assessment process a lender uses to evaluate your business, revenue, and creditworthiness before issuing an offer.

Process

Wire Transfer

a.k.a. bank wire, domestic wire, outgoing wire

A wire transfer is an electronic bank-to-bank funds transfer used to disburse loan or advance proceeds directly to a business bank account.