Format requirements

• Bank statements must be PDFs downloaded directly from the bank, not screenshots, photographs, or scans.
• Statements must show the legal business name and match the operating account the business actually runs through.
• The period must be continuous, with no missing months inside the requested range.
• Personal accounts are not a substitute for a business account in the company name.

Merchant Cash Advance (MCA)

• 3–6 months of business bank statements
• Government-issued photo ID for the owner
• Void cheque or pre-authorized debit form
• Business registration / articles (if requested)

Business Line of Credit

• 6–12 months of business bank statements
• Most recent financial statements (interim or year-end)
• Business registration / articles of incorporation
• Government-issued ID for owners/guarantors

Invoice Factoring

• Accounts receivable aging report
• Sample invoices and contracts
• Customer list with terms
• Business registration and recent financials

Equipment Financing

• Vendor quote or invoice (with serial/VIN)
• 3–6 months of business bank statements
• Business registration / articles
• Owner ID and basic personal info

Term Loan

• 1–2 years of financial statements (year-end)
• Recent interim financials
• 6–12 months of business bank statements
• Debt schedule (existing obligations)
• Business registration and owner ID

Documents requested later, not upfront

Larger facilities and asset-backed products add documents at the underwriting stage rather than at application: year-end financial statements, an accounts receivable aging report for factoring, equipment invoices or quotes for equipment financing, and a purchase agreement for acquisition files.

These are not needed to receive initial offers. Gathering them before applying delays the application without accelerating the decision.

Frequently asked questions

Why six months of bank statements?

Six months is long enough to show seasonality and deposit consistency, and short enough to reflect how the business is trading now. Some lenders will review three months for smaller facilities; larger facilities may ask for twelve.

What if my business banks across multiple accounts?

Statements are needed for the account the business actually operates through — the one revenue is deposited into. If deposits are split across accounts, all of them are needed, or the deposit picture is incomplete and reads as weaker than it is.

Related

• How an application moves from submission to funding — Every stage of a Voxen file, what happens at each one, and what holds it up.
• Minimum eligibility requirements by product — The baseline a business has to clear before a lender will look at a file, product by product.
• How financing cost is expressed — Factor rates, APR, advance rates and fees — what each one measures and why they are not comparable.

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