During the application process, we may request certain information that you might be hesitant to share. Below, we outline the specific details we require and the reasons behind these requests.
Company Information
Legal Business Name
We ask for your legal business name to verify its legitimacy with the IRS. If you are a sole proprietor, this will typically be your first and last name.
Federal Tax ID Number (EIN)
Your Federal Tax ID Number, also known as an EIN, must be verified with the IRS to proceed with your application. It is crucial that the EIN matches your legal business name. For sole proprietors, this number is usually your Social Security Number (SSN).
Trade References
We request trade references—such as suppliers you’ve worked with in the past or are currently working with—to assess your company’s payment history and business relationships. Suppliers will receive a direct request to provide feedback on your account, including whether you have outstanding invoices, any past issues, and their overall experience working with you.
Bank References (Manual Entry vs. Instant Verification)
Instant Bank Reference
We strongly recommend completing an instant bank reference if you have login credentials and can authorize the connection on behalf of your company. This method allows us to instantly retrieve financial data, providing insights to suppliers and increasing your likelihood of credit approval.
Manual Entry
If you do not have login credentials or prefer not to connect your account instantly, you can manually enter your bank reference details. When completing this section, we will ask for your bank name to help verify your financial standing.
Additional Information (Supplier-Specific)
Depending on the supplier, there may be additional information required to complete your application.
Identity Information
Upon reaching the Signatures section, if you are the authorized signer, you will see a field prompting you to verify your identity. While most suppliers do not require this step, we highly recommend completing identity verification, as verifying your identity helps protect the security and safety of your account.
Residential Address
Your residential address is required for identity verification. Please enter the address you use for tax filing. Providing an incorrect address may result in a failed verification attempt.
SSN
We also request your Social Security Number (SSN) for identity verification. If you are uncomfortable providing it, you can skip this step by selecting the ‘Skip Verification’ button and proceed with the signatures.