Which documents belong in a lender-ready MCA submission package?
Lenders share common document needs but differ on statement periods, ownership evidence, payoff letters, and product forms. How should an ISO build one complete package without requesting unnecessary documents?
10 replies
Start with one common package, then group lender-specific additions so the merchant is not asked for the same document repeatedly.
Each requirement needs product scope, condition, source, and last-confirmed context.
A checklist should link the official form or portal when provided and avoid hosting an obsolete copy as current.
What if two selected lenders require different statement periods?
Request the broadest verified period once when appropriate and track which months satisfy each lender, while minimizing unnecessary data.
Explain why each conditional item is requested so the merchant can respond accurately.
The output should be shareable without revealing the entire lender routing strategy unless the ISO chooses.
Do not include documents for a lender that failed a hard sourced criterion unless the user explicitly keeps it for review.
When criteria change, existing checklists should show the version used and offer a reviewed refresh.
Deduplicate common documents, preserve lender-specific evidence, explain conditions, and version the result.