Short-Term Business Funding
What you’ll need & funding terms
What you’ll need to provide
After you apply, a funding officer will call you and tell you how to send these securely. Please don’t email your SSN or bank account numbers.
- Last 3 months of business bank statements (all pages)
- Photo ID of the business owner (driver’s license or passport)
- EIN letter (IRS CP 575 or 147C) or another document showing your EIN
- Recent card processing statements (last 1–3 months), if your business takes cards
- Proof of business, such as articles of organization or a business license
- A voided business check or bank letter, for the wire and the payments
We may ask for more information during review. Approval is based mainly on your business revenue, not your credit score; we may still check business and owner records as part of verification.
DRAFT · for legal review · not final
Terms and conditions (summary)
- Business purpose only. Funding is commercial financing provided to businesses for business purposes. It is not for personal, family or household use.
- Approval. Every application is subject to underwriting, approval and verification of the information and documents you provide. Submitting an application does not guarantee approval or any amount.
- Amounts. Funding amounts shown on this site are the maximum for each monthly revenue range. The amount you are approved for may be lower.
- Term and payments. Loans are for 3 months, repaid in 12 equal payments every week, unless your funding agreement says otherwise.
- Fee. A fixed fee is charged once on the amount borrowed: 29.99% fixed fee standard, or as low as 25.99% fixed fee for businesses that process their card payments with Davrypay under a processing agreement of at least one year. Payments shown on this site are estimates.
- Signing. If you’re approved, your funding agreement is emailed to you and signed electronically through DocuSign. Your funding is not final until the agreement is signed.
- Funding. After approval and signing, funds can be wired within 24 hours. Your bank may take additional time to post the funds.
- Prepayment, late payments and default. [To be completed by Davrypay’s attorney: prepayment, late fees, returned payment fees, default and collection terms.]
- Personal guarantee. [To be decided: whether the owner signs a personal guarantee.]
- Final terms. The funding agreement you sign controls. Nothing on this website is an offer of credit or a commitment to lend.
- Contact consent. By applying, you agree Davrypay may contact you by phone, text or email about your application.
- Privacy. We use your information only to review your application and service your funding. [Privacy policy to be added.]
This summary is a draft placeholder and has not been reviewed by an attorney. Davrypay LLC.