A Submission is a Deal sent to one or multiple Funders for review to fund the deal. This feature is generally used by Brokers/ISO's who has collected all the merchants' documents and need to submit the merchant to multiple Funders for funding consideration. MCA Suite Funder clients may use this feature when they have collected all of the merchants' information and decide not to fund the deal themselves for whatever reason.
A submission includes essential information for the Merchant Cash Advance Deal such as merchant business info, merchant owner credit info, initial amount requested, supporting documents and any additional stipulations required by the funder. All of the files uploaded to the Documents section of a deal (which contains underwriting details and also serves as a document repository for the deal) can be attached to the submission sent to the funder.