All Rights Reserved. The legal name of business should be the name in most cases as it appears on their business check. Usually the only difference is if a business check only has the dba name on it and not the corporate name. If the lease documents are showing one name of business and the check we receive has a slightly different name on it, the papers have to be resigned with the proper name of business on it. So lets make sure we get the proper legal name of the business on the application.
Every legal entity has one.
This will not delay a deal from getting approved. However, this will help us in identifying the business when doing a corporate screen. If the company uses a P.O. Box for billing purposes, then make sure you put the physical address in the equipment location section on the credit application. Make sure we have city, state, and zip code. We use this to verify local sales tax.