Top 20 Compliance Items Lenders Review
- Business Physical Address: The business must have a business address as per the USPS database.
- Business Phone & 411 Listing: The business must have an FCC listed business number, not cell or home.
- Entity with State Records: Your entity must be open, active and in good standing.
- Federal EIN: Your Employer Identification number filing must match your state filing exactly.
- Business Banking:
- Business Banking: The day your business bank account opened is when lenders consider it began.
- Your Bank Rating: Your business bank rating should be a minimum of a low 5.
- Business Licenses: All applicable city, county, state business licenses must be filed.
- Business Website & Email: Business needs a website that is found on the local business searches and apps.
- Social Media: NEEDS DESCRIPTION
- Business Plan: An SBA loan compliant business plan with market analysis & revenue projections.
- 411 Directory: Business phone number must be listed with 411 under the exact legal name.
- Business Credit:
- Business Credit: NEEDS DESCRIPTION
- Experian Business: File must be open with a good credit history and a strong score.
- Creditsafe: File must be open with a good credit history and a strong score.
- Dun & Bradstreet: File must be open with a good credit history and a strong score.
- Equifax Business: File must be open with a good credit history and a strong score.