The /api/loans/loanRequest API endpoint is available for use only if 92 days have passed since the customer's status was approved. This endpoint allows customers to initiate a loan request by providing specific parameters.
Requirements:
Eligibility: This API can only be invoked if 92 days have passed since the customer's status was approved.
Parameters:
loanAmount: The amount requested for the business funding. This must be between $500 and $1,000,000.
financialAccountId: The ID of the financial account where the offer funds should be deposited if the application is approved.
Process:
Submit Request: After 92 days have passed, the customer can submit a request by providing the required parameters.
Success Response: A successful response indicates that the system has sent the following to the loan provider:
- Business Data: Includes legal name, EIN, email, phone numbers, and other relevant information.
- Statements: Financial statements covering the past 3 to 6 months (minimum of 3 months and maximum of 6 months).
Lead URL: Upon successful submission, a lead URL will be provided for submitting the loan application. To obtain the SignUpUrl needed for this application, refer to the GET /api/loans/loanSettings endpoint.
Benefits:
Streamlined Application: Allows customers to initiate new funding requests with updated information after the specified period.
Comprehensive Data Submission: Ensures that all required business data and financial statements are provided to the business funding provider.