Every lending operation hits the same wall. Application volume grows, but verification capacity doesn't scale proportionally.
Iowa and Louisiana represent two fundamentally different approaches to providing business entity data to developers.
What the proposal means for MCA and factoring deal flow
California's Secretary of State maintains one of the most sophisticated business entity databases in the country—over 17 million corporate, LLC, and LP records accessible through the bizfile Online system.
One alternative lender's CTO described their attempt to build Secretary of State integrations in-house with a phrase that should give any engineering leader pause: "Obviously really complicated... maintenance nightmare."¹
Level Esq plaintiff firm financing gains bank support
When your verification system returns "no match" on a legitimate business, you've created a problem.
Every pricing mention now requires APR after offer extends
Every lender has processed an application that looked promising—decent financials, reasonable request, plausible story—only to discover the business was dissolved six months ago.
Most lenders underestimate what manual verification actually costs.
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