Submission Statuses are user-defined statuses used to track the status of a Submission record. A Submission Status is tied to a Submission record that is tied to a Deal. Submission Statuses are setup and used across all Submission records.
MCA Suite provides the following Submission Statuses by default. Administrators of the Workspace can add, remove or modify these Submission Statuses:
| Submission Status | Description |
| Submitted | When a deal has been submitted to a Funder for consideration. |
| Under Review | When the Funder is in the process of reviewing the submission. |
| Additional Documents Required | When the Funder requests the Broker/ISO or Merchant send additional documents such as updated bank statements, liquor licenses, etc. |
| Offer(s) Received with Stipulations | When a Funder makes an offer to the Merchant with stipulations - i.e., offer contingent upon latest bank statement or paying off existing advance. |
| Offer(s) Received | When one or more offers have been received from the Funder(s). |
| Accepted by Merchant | The Merchant has accepted the offer from a Funder. |
| Rejected by Funder | The Funder has rejected the Merchant for any reason. |
| Rejected by Merchant | The Merchant as rejected the Funder's offer which could be due to high factor rates or advance amounts that are too low. |
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