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Why do you need 12 months' recent statements for the credit card I’m refinancing?
Why do you need 12 months' recent statements for the credit card I’m refinancing?
Updated over 3 weeks ago

If part or all of the loan is used to refinance a credit card, our funders require 12 months of statements. The card must be in the business's name and used exclusively for business purchases. The bank needs to review the statements related to the business credit card they are paying off to ensure all charges are related to the business.

This document should include:

  • Statements showing purchases and payments

  • Cardholder name and account number

  • 12 consecutive months of statements in PDF format

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