As Enable Financing is a multi-lender platform with various programs customized for each business, the criteria for each Lender on our platform will vary.
While some of our Lenders offer an instant verification without additional documentation being required, some will require documentation to complete the purchase. This will depend on a number of factors including the size of the financing request, Lender, and program configuration.
As our Lender network is constantly changing, we cannot list the required documents for each at this moment. However, we have provided what we consider to be industry standards which will apply in most cases to complete your application.
Below is a list of typical documents and/or Information that MAY be required for financing through our Lender Network.
Proof of identity: (typically one)
Social Security Card
Other Government-Issued Forms of Identification
Verification of income: (not all are needed)
W-2 or 1099 form
Last Year’s Tax Returns
Proof of address: (may be required)
Copy of Lease Agreement
Copy of your Most Recent Phone Bill
Employer’s Address and Contact Information
If you have already completed your application for a purchase from your desired business, but need to get back to review your offers, please follow the steps below.
If you need additional help, please feel free to email us at [email protected] or visit our website to chat with one of our Customer Service Representatives.
1. Log into your Enable Financing account: https://EnableFinancing.com/sign-in
2. Select ‘Apps’ at the top of your Dashboard
3. Click on your most recent application and scroll down towards the bottom of the page to see your offers and review the option that best fits your needs
4. Click on the Green Button that says ‘Select Offer’ or ‘Continue to Application’
5. You will be redirected to the lending partners website in order to complete the financing process
No, unfortunately changing the amount will not have an impact on receiving offers if you redo the application.
The offers that are returned are based on your credit profile, or various other factors that are unrelated to the financing request total.
However you can reapply in 30 days once there may be a positive change in your credit score after new reports are sent to the credit bureaus.
You will also receive an Adverse Action Notice via email from the Lenders on our Platform. An Adverse Action Notice will detail your true credit score and the reason you receive a status of ‘No Offers.’
When you complete your credit profile through Enable Financing, your credit information is verified by doing a soft credit inquiry – which is engineered to NOT affect your credit score.
However, once you select a financing option and are ready to sign the documents with the Lender to finance your purchase, a hard credit inquiry will be performed by the lender.
You will be notified by the Lender before this happens.
For compliance reasons only, some of the lenders on our platform may send the financing for your purchase directly to your personal bank account.
In this case, you will need to link your personal bank account to your Enable Financing account to complete your purchase.
Enable Financing provides a seamless transfer from your bank account directly to the business, to complete the purchase of your goods or services.
You will never need to connect your bank account unless a purchase needs to be completed through the Enable Financing Platform with the Business.
Our support team will notify you when your bank account needs to be added to complete your purchase.