What financial information is required for Commerce Pay approval

To ensure a smooth approval process for your Commerce Pay, we require the following financial information:

• Disclosure of Current Business Debt Obligations or Cash Advances: Please inform us of any existing business debt obligations or cash advances.
• Profit and Loss (P&L) Statement and Year-End Balance Sheet: For offers exceeding $ 250,000, we require the P&L statement and year-end balance sheet for the past two years. If you have data for only one year or prefer to consolidate two years into a single file, please feel free to do so.
• Year-to-Date P&L Statement and Balance Sheet: Similarly, for offers above $ 250,000, we request the year-to-date P&L statement and balance sheet for the current year.

If you do not currently possess these documents, you can still proceed with your application and upload them at a later date. (Please note, we cannot begin our review of your application until we have received all necessary documents and information).

Providing this information facilitates our credit analysis process, enabling SellersFi to determine a more precise proposal tailored to your unique profile. 

Should you require any assistance or have questions, please don't hesitate to contact us at customerservice@sellersfi.com.