Step 1: Verify Core Business Identity
- Legal Registration: Ensure your business registration documents or articles of incorporation are current.
- Matching Details: Confirm that your legal registration matches your CRA business number (BN) and bank account name exactly.
Step 2: Collect Financial Documentation
- Electronic Bank Statements: Download the last 6 consecutive months of business checking account statements as original electronic PDFs directly from your online banking portal.
- Complete Pages: Underwriters reject statements with missing pages. Ensure every page (e.g., page 1 of 6 through page 6 of 6) is included.
Step 3: Audit Your Cash Flow Metrics
- Monthly deposits: Minimum $10,000/month average.
- NSF Transactions: Less than 3 insufficient fund events over the last 90 days.
- Daily Balance: Maintain a positive average daily balance.
Step 4: Align with Partner Requirements
Once your documents are organized, use our interactive funding calculator to estimate your range, then apply online for a specialist document review before partner submission.
FSI
Funding Intelligence Analyst
Reviewed by the Funding Intelligence Team. We verify all sources, regulatory guidelines, and banking parameters to maintain the highest standard of accuracy.