Overview
Levr's OCR (Optical Character Recognition) feature lets you upload your client's financial documents and have Levr's AI automatically extract key business details and fill out application forms for you. Instead of manually entering data from bank statements, tax returns, or financial reports, you drag and drop the documents and let Levr do the work.
This feature saves significant time on every deal and reduces data entry errors. It works for brokers filling out applications on behalf of clients, as well as clients filling out their own applications through the portal.
What OCR Does
When you upload financial documents to Levr, the AI reads and extracts valuable information from them — things like business revenue, expenses, legal business name, EIN, owner details, and other key data points that lenders need. It then takes that extracted data and automatically populates the relevant fields in your application forms.
Think of it as having an assistant read through all the paperwork and fill out the forms for you.
Step-by-Step: How to Use AI Autofill
Step 1: Navigate to the Business Documents Section
From your Levr portal, open the business you're working on. Navigate to the Documents section for that business. This is where you'll upload files and trigger the AI extraction.
Step 2: Click "Autofill"
You'll see an Autofill option on the page. Click it to open the AI document upload interface. This is where you'll securely upload files and let Levr AI extract key business details for you.
Step 3: Upload Your Documents
Drag and drop any financial documents into the upload area. You can upload documents such as:
Bank statements
Tax returns (business and/or personal)
Profit and loss statements
Balance sheets
Business licenses
Articles of incorporation
Any other financial or business documentation relevant to the deal
After uploading, you can also provide additional context by telling the AI a bit about the deal — for example, what type of financing the client is looking for, the business industry, or any other relevant details that help Levr's AI understand the application better.
Step 4: Click "Start Levr AI"
Once your documents are uploaded and you've provided any additional deal context, click the "Start Levr AI" button to kick off instant data extraction. Levr's AI will begin reading through your uploaded documents and pulling out the relevant data.
Step 5: Review the Extracted Data
Levr's AI will extract the valuable information and automatically fill out the application forms for you or your client. Once the extraction is complete, you'll see the form fields populated with the data pulled from your documents.
Important: Always review the auto-filled data before submitting. While Levr's AI is highly accurate, it's good practice to verify that the extracted information matches the source documents, especially for critical fields like revenue figures, business legal name, and owner information.
Step 6: Click "Done"
Once you've reviewed the extracted data and confirmed everything looks correct, click "Done" to finalize the autofill. The extracted data is now saved in the application and ready for submission to lenders.
Tips for Best Results
Upload clear, legible documents. The higher the quality of the document, the more accurate the extraction. Avoid blurry scans or photos taken at an angle.
Use PDF format when possible. PDFs tend to produce the most consistent extraction results.
Provide deal context. When the AI asks about the deal, give it useful details — industry, funding amount, purpose. This helps it prioritize the right data.
Upload multiple documents at once. The more information you give Levr's AI, the more completely it can fill out the application.
Always review before submitting. AI extraction is fast and accurate but not infallible. A quick review catches any edge cases.
Common Questions
Q: What types of documents can I upload? A: Any financial or business documents — bank statements, tax returns, P&Ls, balance sheets, business licenses, articles of incorporation, and more. If it contains data relevant to a business financing application, upload it.
Q: Does the AI fill out the entire application? A: It fills out as much as it can based on the documents you provide. The more documents you upload, the more fields it can populate. Some fields may still need manual input if the information isn't available in the uploaded documents.
Q: Is my client's data secure? A: Yes. Documents are securely uploaded and processed through Levr's platform. The data is used solely for populating the application and matching with lenders.
Q: Can my clients use this feature themselves? A: Yes. If your clients are filling out their own application through your branded portal, they can use the Autofill feature the same way. It works for both brokers and their clients.
Q: What if the AI extracts something incorrectly? A: You can manually edit any field after the AI fills it in. Simply click on the field and correct the value before submitting.
Video Walkthrough