Everything stated is correct somewhat, they take a verbal "application" essentially recording consent to pull credit on the phone. On the same phone call they offer a pre-approval based on monthly average, FICO (Score and History). At that point if the merchant is interested in the offer they'll request whatever was missing from the initial ISO package (2-6 months bank, DL, VC, Tax Returns 51k+).

If things check out initially they can wire funds sameday (my experience is usually next day). Sometimes they require tax guard verification which can delay it.

In terms of rates/terms they will only disclose full details to the borrower on the app (not even a spouse), not something that overly concerns me as they don't file a UCC, they don't payoff competitors.

There a backup lender for HR deals, oddball industries or merchants who just want payments spread out.

(I'm not employed by them, just got on board with them early.