How do I fund a Deal?

To push a deal into the Funded stage in MCA Suite, you must select an offer from one of the submissions made to Funders. From the Application Summary page, locate the Submissions tab and click on the "View All" button to go to the Submission Listing page.

From the Submission Listing page, you will see all the Funders and their offers to the Merchant. Click on the menu button to select the offer that the Merchant has picked.

After you have clicked on "select," a modal will appear for you to provide the funded date and to confirm the main offer details. This is the opportunity for you to modify the offer and other contract terms before moving to the next step.

After you have confirmed the terms, you will need to provide the following required information: 

1. Current Submission Status and Note -- which will update the submission record that is tied to the selected offer.
2. Deal Status and Note -- which will update the Deal status and push the Deal to the Funded stage
3. Other Submission Statuses and Notes (is optional) -- which will update all the other submission records at once (i.e., you may want to enter "Offer Rejected" as the status for the non-selected offers, and include a note such as, "merchant picked another offer" to close out those Submissions.
   

After the Deal has been Funded, it will appear in the Funded Stage tab. You can also view the Submission List page and see the offer highlighted, which signifies that the offer has been funded.