Compliance, disclosures & UCC

Keep funding compliant with state disclosure requirements and manage your security filings in one place.

Disclosures

Generate the disclosure documents some states require before funding. A disclosure is produced from the deal's economics (amount, finance charge, total repayment, estimated APR where applicable) and tracked through to merchant acknowledgement.

How the figures are worked out (daily and weekly deals):

Amount financed is the purchase price less the fees taken at funding. Payoffs (a renewed deal, other funders) reduce the funds the merchant receives, not the amount financed or the APR.
Term is whole weeks × 7 calendar days. Payments are every Monday–Friday (daily) or every 7th day (weekly) from the first payment date.
Estimated APR is the XIRR of those dated payments against the amount financed on the disbursement date, over a 365-day year.
Estimated monthly cost is the payment × payments per week × 4.3 weeks.
A disclosure can't be generated when the first payment falls before disbursement, or when payoffs and fees leave the merchant nothing.

Disclosure inputs on the deal

The Disclosure inputs card on a deal holds what the disclosure needs beyond the deal terms:

Payoffs out of this funding: one row per balance paid off, with who is paid (your own prior deal for a renewal, another funder, or another third party), the amount, and for a third party the payoff letter (a document on the deal), its good-through date and whether the wire details were verified. Tick No payoffs when there are none. Third-party payoffs add up into "Prior balance paid to third parties" on the deal.
Broker fee: the part the merchant pays lowers the amount financed; the part the funder pays is disclosed only (TX, VA, CT).
Monthly revenue: up to 12 months; the disclosure averages the months you enter.

The card lists anything still missing and previews the figures the disclosure will state. Until the company setting that requires these inputs is turned on, a deal without these inputs still generates from its payoff totals and the latest statement analysis; once it's on, a disclosure needs the revenue months, the payoffs listed (or No payoffs), and a current letter for each third-party payoff.

Monthly deals keep the older estimate. Each disclosure stores its inputs and figures, so what the merchant saw is what's on file.

UCC filings

Record and manage UCC-1 filings against funded merchants, including the filing jurisdiction, file number, and status. With a UCC provider integration enabled, filings can be initiated and updated without leaving the platform.

Sanctions screening

Parties on a deal can be screened against sanctions and watch lists (for example OFAC). The screening result is stored on the deal so you have a record that the check was run and what it returned.

Can’t find what you need? Return to the app or contact your administrator.