How Do I Set Up Submission Guidelines?

Created by MCA Suite Support Team, Modified on Fri, 7 Mar at 12:06 AM by MCA Suite Support Team

First, you will need to set up Funder Matching Criteria in your CRM's Settings. This also allows you to choose the most relevant lending parameters/requirements for your Submissions process. Please note that the Funder Match feature will not be available unless the criteria is set up first.

Please refer to this article for information on how to configure Funder Matching Criteria.

Next, you will need to add Funder contacts to your system. Refer to this article for how to create a Funder in MCA Suite.

Once those steps are completed, you can set up Submission Guidelines for each Funder by going to the Funder Contact page and clicking the "View Submission Guidelines" link.

Clicking on the "View Submission Guidelines" link will direct you to a page where you can set parameters and details for the selected Funder.

These guidelines will be used to match against data in the Merchant's application to determine if the Merchant is a fit for the Funder.

#	Submission Guideline Field	Description
1	Minimum Amount Requested	Minimum amount the Funder will fund a Merchant Cash Advance (MCA) deal.
2	Maximum Amount Requested	Maximum amount the Funder will fund a MCA deal.
3	Min. Credit Score (Owner 1)	Minimum credit score for the OWNER (primary owner). Any value lowered than the value entered will not meet the Funder's requirement.
4	Restricted States	States NOT funded by the Funder. Funder can have multiple states where it chooses not to fund.
5	Restricted Industries	Industries that does NOT interest the Funder. Funder can have multiple industries where it chooses not to fund.
6	Restricted Entity Types	Entity types that ranges from "Sole Proprietor" to "Non-Profit" can be selected as entity types not funded by Funder.
7	Minimum Time in Business	The minimum number of MONTHS the merchant has been in business to be considered by the Funder for an MCA.
8	Minimum Average Monthly Deposit in DOLLARS	The minimum AVERAGE amount of DOLLARS deposited into the merchant's bank account. Any dollar amount in the merchant application below this dollar amount will be scored as "failed" during the matching process.
9	Minimum Average Monthly Deposit in COUNT	The minimum AVERAGE NUMBER of deposits made into the merchant's bank account. Any number below the amount entered in the merchant application will be scored as a "fail" during the matching process.
10	Maximum NUMBER of Negative Days	The maximum TOTAL number of negative days within a month in a bank account. Any number lowered than the number entered in the merchant application will be scored as a "fail" during the matching process.
11	Maximum NUMBER of Non-Sufficient Fund (NSF)	The maximum TOTAL number of NSF transactions (containing non-sufficient funds) within a month in a bank account. Any number lowered than the number entered in the merchant application will be scored as a "fail" during the matching process.
12	Highest Position Will Fund	The highest MCA position a Funder is willing to take. For example, if 3 was entered here, it means the Funder is willing to offer an MCA to a merchant with 2 existing MCAs with other companies.
13	Minimum Average Monthly Gross	Merchant's minimum average monthly revenue.
14	Minimum Gross Annual	Merchant's minimum annual gross revenue.
15	Minimum Average Daily Balance	Merchant's minimum AVERAGE daily balance in its bank account.