How to Verify a Business Funding Provider Before Sharing Documents

Before sending business records or accepting a funding offer, verify who you are dealing with and how the transaction will work. A professional-looking website, familiar logo, or urgent phone call is not enough to establish identity. Use information you can independently confirm and compare it with the written documents.

Verify the company and the person's role

Record the legal company name, website, business contact details, and the representative's role. Clarify whether the company supplies capital, brokers offers, or provides another service. Find a published contact channel independently and use it to confirm an unexpected request, rather than relying entirely on a number or link in the message.

Check that names and contact details are consistent across the offer, agreement, and submission portal. If the business operates under a trade name, ask how it relates to the legal entity in the contract. Registration information can help establish identity, but registration alone does not prove the quality or suitability of an offer.

Ask for the offer in writing

Request the amount, net proceeds, fees, payment or remittance schedule, total obligation, and relevant conditions. Ask who services the transaction after funding. If a verbal promise about cost, collateral, a guarantee, or payment flexibility is absent from the documents, resolve the difference before proceeding.

The FTC has highlighted misleading financing claims about cash amounts, collateral, and personal guarantees. Its guidance reinforces the value of comparing the advertised promise with the actual written obligations. Do not treat a claim of government affiliation as verified simply because a message uses official-looking language.

Protect the document handoff

Confirm the approved collection channel with the verified contact. Business bank statements and ownership records contain sensitive information. Send only the records needed through the designated process and ask who will receive them. Never include bank passwords or one-time security codes in a general message or deal note.

If a service asks you to connect an account, examine the service identity and permissions before consenting. If instructions or recipient details change unexpectedly, pause and verify the change through a known channel. This is particularly important for payment instructions and requests to send money to a different party.

Keep a record and respond to discrepancies

Retain the proposal, signed agreement, fee breakdown, confirmation of disbursement, and servicing information. Reconcile the actual deposit and subsequent debits with those records. Raise unexplained differences promptly. A record of dates, amounts, and the company's responses makes the issue easier to investigate.

If you suspect fraud or unauthorized activity, contact your bank through its official channel and consider reporting the matter to the FTC. Do not send additional sensitive information merely to satisfy an unverified demand. For a request claiming to come from Logic Advance, use the contact details on this website to confirm it before sharing documents.