Process

Submission

Our Submissions and Bank Analysis teams will review data supplied on the application and do an in-depth analysis of the business bank statements provided.

How to Submit

Speed is of the essence. Lendini wants to provide our ISOs with offers as quickly as possible. That's why we offer you three ways to submit.

  • Expedited- API data points and business bank statements along with digital transaction file (typically JSON file from Ocrolus, Finicity, Plaid, or Decision Logic)

  • Fast- API or manually enter data points and upload application, business bank statements and MTD into your Lendini ISO portal.

  • Normal- Email application, business bank statements and MTD to submissions@lendini.com. Please copy your account manager.

What to Submit

Please submit all documents in one email when possible.  PDF readable documents are preferred. If applications are not electronically signed applications, a wet signature is required.

  • Application signed and dated within 30 days by business owners. Lendini requires 51%+ collective ownership.

  • 3 Months most recent business bank statements.
    PDF readable documents are preferred to speed up the bank analysis process.

    • Businesses located in California or New York must provide 4 months business bank statements.

  • Month-to-Date (MTD) business bank statement is preferred, but not required.

Preapproval

Underwriters will obtain and review credit, industry, and model reports. They will use them in conjunction with the bank analysis to make an offer.

The ISO Representative submitting the application will receive the preapproval offer.

Accepting Offers

Offers can be accepted and contracts requested by:

  • Email- Reply all to the offer email.

  • Phone- Call your Account Manager or respective team.

  • Text message- If you are signed up for mobile offers.

Agreements are sent using Docusign unless otherwise requested.

Change Requests

If a change is needed,

  • Contact your Account Manager,

  • Submit the request using the Change Request button in the preapproval email,

  • or, Reply all to the offer email with your request.

Agreements Sent

ISOs must accept agreements before they are sent to merchants to sign.

Signed agreements are valid for a maximum of three weeks, unless new information is uncovered that would change or void the offer.

ISO exclusivity on signed agreements is five calendar days.

Processing

Processing and Background representatives will use all credit and investigative reports, websites, social media, documents and information received to verify ownership, business existence and undisclosed disqualifiers.

Stipulations may be requested for validation.

Bank Verification is completed once all stipulations have been received and business details are verified. An Underwriter will verify the bank analysis and business bank statement authenticity.

Merchant Interview

Merchant interviews are a way of identifying a merchant’s intent to pay.

An Underwriter may call the business owner to discuss their operations, practices, plans for growth, intended impending closures and if any promises were made by the ISO.

If a merchant interview is successful, the funding request will proceed to final sign off.

Funding

Processing will complete the funding call with the business owner. The funding will be originated, and disbursement wired.

Funding takes place from 9AM - 7PM EST, Monday through Friday. Disbursements are wired the day of origination.

Accounts funded after 3:00PM EST will originate the morning of the following business day.

ISO Commission

ISO commission is sent via ACH the business day following origination.

For example, if the funding originates on Friday, commission will be sent via ACH on Monday and most likely appear in your bank account within 1-2 business days.

Renewals

Unless specified, our Team will contact merchants when they may be eligible for renewal. Renewal eligibility is considered at 40% paid in, however, 50% is preferred.

ISO commission is paid on renewals, regardless of if the merchant comes to us directly.

Contact Us

Funding Metrics, LLC

3220 Tillman Drive Suite 200
Bensalem, PA 19020

Email us at isoupdates@lendini.com

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