The documentation requirements for an Online Application (OLA) depend on the applicant’s vertical and various fields within the OLA. You can upload documentation to an application when the application status is either Incomplete or Documentation. The key fields that determine the documentation required are:
- Business Entity Type
- Business Start Date
- Have you processed credit cards before?
The table below provides, in general, how the OLA fields drive the requested documentation.
| New Application Defaults | Non- Profit | Business Start Date less than 1 month | Business Start Date Less than three months | Business Start Date Less than a Year | No Card Processing History | |
|---|---|---|---|---|---|---|
| Individual Identity | Always | Always | Always | Always | Always | Always |
| Deposit Account Verification | Always | Always | Always | Always | Always | Always |
| Business History | Yes | Yes | 3 months of personal statements | 3 months of personal statements | 3 months of personal statements | Yes |
| Card Processing History | Yes | Yes | No (as processing less than 3 months) | No (as processing less than 3 months) | Yes | No |
| Business Identity | Always | Always | Always | Always | Always | Always |
| Financial Information | Yes | Yes | No | Yes | Yes | Yes (If less than a year personal tax return) |
| Tax Exempt | No | Yes | No | No | No | No |
| Owner Background | Yes | No | Yes | Yes | Yes | Yes |
