What it is
Payroll is wages for the people who work in the business, and it is a repeating cost. A line that can be drawn more than once is a common comparison. A single lump sum can also cover a known gap.
What's typically needed
- Latest three months of business bank statements
- Time in business
- A government-issued photo ID
- Basic business details, such as legal name and industry
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Applying has no impact to your credit. Submitting this form does not pull a credit report.
Related: Business line of credit · Term loan