A practical guide to ISO onboarding, merchant qualifications, and complete funding submissions.
An independent sales organization (ISO) connects business owners with funding providers. Through the Logic Advance ISO program, brokers help merchants prepare applications, understand offers, and move through the funding process. Use this guide as a submission checklist when preparing your first deal or training a new team member.
Partner registration and merchant underwriting are separate reviews. Contact the partner team for your onboarding status; the merchant review timelines below do not guarantee a partnership decision.
Start each merchant submission with:
Before sending, check that the business name and contact details are consistent, statements are readable and unaltered, and the requested funding amount and intended business use are clear. Disclose existing funding obligations so the reviewer can assess the full picture. Additional verification, such as identification or a voided check, may be requested for the specific deal.
The submission benchmarks below help brokers screen files. Requirements vary by product and merchant profile; meeting these benchmarks does not guarantee approval. Ask your account manager about a file that falls outside them before promising eligibility.
| Criteria | Submission Benchmark |
|---|---|
| Time in Business | 6+ months |
| Monthly Revenue | $25,000+ |
| Credit Score | 500+ |
| Bank Statements Required | 4 months (most recent) |
| Business Type | Most industries considered; subject to review |
Send the documents to apply@logicadvancegroup.com or follow the instructions from your dedicated account manager. Include the merchant's business name and your ISO/broker company name in the subject line.
Example subject: ABC Restaurant / Your Brokerage / Funding Submission
Include a contact person for follow-up questions and flag any missing information. Reviewing the file upfront helps identify gaps and product-fit concerns before contracts are prepared, reducing avoidable requests and helping merchants understand what comes next.
Missing documents or additional underwriting questions can extend the timeline. Confirm the status with your account manager before giving a merchant a funding date.
A broker helps the merchant compare available options, organize documents, and understand the cost and payment obligations of an offer. Product availability and terms depend on underwriting; no single solution fits every business.
Logic Advance works with businesses across all 50 states, including restaurants, retail and e-commerce, construction, healthcare, transportation, automotive services, professional services, beauty, manufacturing, and wholesale. Industry and location alone do not establish eligibility. Confirm unusual business models, restricted activities, and product-specific requirements with your account manager before submitting.
Logic Advance offers four funding tiers, each designed to match merchant profiles with the right deal structure. Understanding these tiers helps ISOs maximize their commissions and fund a wider range of merchants.
Lowest buy rate, highest margins for ISOs, premium merchant profile, and the most competitive deal structure available.
Strong pricing with broader eligibility, allowing ISOs to fund high-quality businesses that may not meet Elite-level criteria while still earning solid commissions.
Flexible underwriting for everyday small businesses, giving ISOs the ability to fund a wider range of merchants while maintaining competitive deal structures.
Funding options for businesses with credit challenges, past defaults, or settlements, allowing ISOs to monetize difficult files and turn declines into funded deals.
Commission rates are discussed during onboarding and vary by product, deal volume, and relationship terms. Request the current rate sheet and written payment terms from your account manager. If syndication is proposed, confirm availability and any applicable fees separately; do not assume a universal commission percentage or fee schedule.
Submit accurate information with the merchant's permission, protect business and owner documents, and explain the offer's costs and obligations clearly. Do not alter statements, conceal existing financing, or promise approval or savings that have not been confirmed. Give the merchant time to review the agreement and direct unresolved questions to the partner team.
The minimum monthly revenue is $25,000. Additional requirements vary by funding product and merchant profile. Confirm the applicable requirement with your account manager before submitting; meeting a benchmark does not guarantee approval.
Submit the four most recent complete business bank statements with the signed application. Include every page and provide readable, unaltered documents. Underwriting may request additional information.
This guide lists six months in business as a submission benchmark. Some products or merchant profiles may require a longer operating history; confirm the requirements for the proposed funding option.
Your account manager is the point of contact for submission questions, current rate sheets, offer details, and deal-status updates. Review the partner agreement and ask about available onboarding guidance before submitting your first file.
Ask about responsiveness, clarity of offers, and support when a file needs additional documents. The ISO Program page includes published partner testimonials. Individual experiences do not guarantee approval, funding speed, or future results.
A payment schedule should fit the business cash-flow pattern. Depending on the approved product, an offer may use daily, weekly, or other payment arrangements. Review the amount, frequency, total cost, and any revenue-adjustment provisions in the agreement; do not assume every product adjusts automatically when sales change.
Business uses may include inventory, payroll, marketing, renovations, equipment, and working capital. Confirm that the intended use is permitted by the specific agreement. Equipment financing and other specialized products may have narrower purposes.
Ask your account manager whether a specific offer includes an early-payoff discount and obtain the conditions in writing. Do not promise a fixed discount schedule. If a deal involves escrow, confirm whether an arrangement is available and how it would work before presenting it to the merchant.
Learn more about the ISO program and published partner testimonials, or register as a partner.
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✉️ apply@logicadvancegroup.com
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