I Received Offers for Financing, Now What Do I Do?
As PayPossible is a multi-lender platform with various programs customized for each business, the criteria for each Lender on our platform will vary.
While some of our Lenders offer an instant verification without additional documentation being required, some will require documentation to complete the purchase. This will depend on a number of factors including the size of the financing request, Lender, and program configuration.
As our Lender network is constantly changing, we cannot list the required documents for each at this moment. However, we have provided what we consider to be industry standards which will apply in most cases to complete your application.
Below is a list of typical documents and/or Information that MAY be required for financing through our Lender Network.
- Proof of identity: (typically one)
- Driver’s license
- Social Security Card
- Other Government-Issued Forms of Identification
- Verification of income: (not all are needed)
- W-2 or 1099 form
- Pay Stubs
- Bank Statements
- Last Year’s Tax Returns
- Proof of address: (may be required)
- Utility Bill
- Copy of Lease Agreement
- Copy of your Most Recent Phone Bill
- Employment Information:
- Employment Status
- Employer’s Address and Contact Information