Full Package
A full package is a complete MCA submission containing all required documentation — application, bank statements, identification, business documentation — enabling immediate funder underwriting without document chasing delays.
Why This Matters
Full package contents: signed merchant application, 4-6 months business bank statements (PDF or via Plaid/DecisionLogic), voided check from operating account, government ID (driver's license or passport), business formation documents (EIN letter, articles of incorporation, or operating agreement), and specialty docs as required (lease for retail/restaurant, tax returns for larger advances). Industry term 'full package' signals submission readiness; ISOs marketing 'full package leads' to funders distinguishing from preliminary inquiries requiring additional document collection.
Frequently Asked Questions
Frequently Asked Questions
Why do funders prioritize full packages?
Underwriting velocity. Full packages enable same-day decisions; partial packages create days of back-and-forth. Funders allocate underwriter attention to high-completion ISOs producing full packages.
What's typically missing from incomplete submissions?
Most common missing items: voided check, business formation documents, recent bank statements (older statements provided instead), and lease agreements. ISO operations training emphasizes complete collection at first merchant interaction.