What’s necessary to be approved for the Credit Limit?

There are a few things we will ask for as part of your Working Capital application. 
- Connect your store. We do look at your sales volume and history, so you will need to connect at least one store to our system. The more stores you connect, the greater your chance of being approved for a larger Credit Limit as we’ll look at your sales holistically. We are also looking for at least 6 months of sales history on at least ONE connected marketplace, and an average of at least $20,000 in net sales per month (can be across all connected marketplaces) in the last three months. 
- Certificate of Incorporation/Articles of Organization: You must have a registered entity in the US, UK, or Canada. 
- For each owner controlling 25% or more of the company: Proof of Identity and Proof of Address (Ex. Utility bills, etc.)  
- Business Bank Account: We will also ask for the last 3 bank statements where you receive your marketplace payouts, as well as a voided check. Should you not have a voided check, a Bank Letter should be sufficient. 
What documentation will be accepted for POI and POA? 
For Proof of Identity, you may submit a valid driver’s license or passport. Clearly document the front and back in two separate documents in full color, capturing all four corners with no glare. Accepted file types are .jpeg or .jpg, and can be a photo taken from a cell phone. 
For your Proof of Address, this may be a recent (within the last 90 days) utility bill (gas, electric, landline phone, or water), credit card statement, or personal bank statement from a local bank or global bank with physical branches. We cannot accept screenshots of bills, and the document must show the full page of the bill with the address and services (but not necessarily all pages of the bill).