How do you apply for a Line of Credit?
- Log in to Online Check Writer and go to Line of Credit.
- Click Get Started and Continue.
- Select the business.
- Choose the bank account verified with the instant verification method or add new bank.
- Click Apply Now to apply for the Line of Credit.
Users who have completed their KYC and KYB requirements by verifying their bank accounts through the instant verification method can apply for a Line of Credit. Once the application is submitted, the user can expect an email notification confirming their approved Credit within 1 to 3 days. Following this approval, users can log in to their account, choose payment plan and tenure, and withdraw the approved amount to their linked bank account.
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Who is eligible to apply for the Line of Credit?
The users who have verified bank accounts using the instant verification method completing KYC and KYB can apply for the Line of Credit.
Can a user who has manually verified bank accounts, KYC, and KYB apply for the Line of Credit?
No, the users who have verified bank accounts using the instant verification method completing KYC and KYB can apply for the Line of Credit.
What criteria are considered when approving a Line of Credit?
The Line of Credit is approved based on the bank connection for verification, the user's bank transaction history, business metrics, users with a minimum of 12+ months in business, the business with $30,000+ in monthly revenue, and the business ...
How to apply for ACH?
Sign up with Online Check Writer. Verify your phone number and email address. Complete the personal and business verification process. Verify your bank account and apply for ACH.
What are the documents required to apply for ACH?
Easily apply for ACH with: Formation Document Principal Officer ID Any business proof such as LLC/Corporation Document, EIN Letter or IRS