Know Your Customer (KYC)
The identity verification process financial institutions and lenders perform to confirm who a business and its owners actually are before extending financing.
KYC typically involves verifying government-issued identification, business registration documents, and ownership information, and it’s a standard compliance requirement across most regulated lenders, not something unique to any one financing product.
Having identity and ownership documents ready in advance, rather than gathering them after a request, is one of the simplest ways a business can speed up the underwriting process.
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