Yes. The completion percentage reflects both the questions and the documents for that application. An application can show as incomplete if the questions are answered but a required document is still missing, or the reverse. Once both are in, the application reaches 100 percent and the Submit button becomes active.
You can create a business and run preliminary matchmaking before reaching 100 percent. Full completion is only required to submit to a lender.
What counts toward the percentage
Required questions are the ones marked with an asterisk, and required documents are the ones the application lists as needed for that lender. Those have to be answered and attached.
The percentage itself is broader. It counts every item in the application, optional questions included, and answering an optional question raises the count in exactly the same way as answering a required one. They exist because the extra detail can help a lender assess the file.
Click through the walkthrough above to watch the counter move as items are filled in.
If you have answered every asterisked question and the application is close to but not at 100 percent, email contact@levr.ai with the deal name and the lender rather than guessing at what is left.
What the "1/2 completed" style sub-counter means
Alongside the overall percentage you will sometimes see a smaller counter such as "1/2 completed". That sits beside a section heading and counts the items in that one section only, not the whole application. It moves independently of the overall percentage, and the two are not meant to match.
The overall percentage is a count of completed items against total items across the whole application, so each item moves it by a small amount. For example, 3 items complete out of 28 shows as roughly 10 percent.
If both counters look satisfied and the application still will not reach 100 percent, the most common cause is a required document that has not been matched to its request rather than an unanswered question. Check the lender application's own document list before re-uploading anything.
Related
Why can't I submit my deal until the application is 100% complete?. Explains why the Submit button stays inactive until the file is finished.
Which documents are required versus just suggested for a submission?. Tells you which uploads actually count toward completion.
How do I add more documents to a deal, and can I just drag and drop?. Shows how to attach the missing file against the right request.
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