What is ACH information? What Documents do I need?
ACH information is the bank account details where you would like to receive your funds. Any account that has the name of the business on the account is valid. For sole proprietors and independent contractors, this is the name of the business owner.
As proof, you need to submit either a voided check or provide a signed letter from your bank on official bank letterhead to confirm your ACH information. Where the loan amount is greater than $75,000 you must also provide a bank statement to confirm the account is valid.
Once you have provided this information, contact your bank to notify them that a deposit in the amount of your loan will be sent into the account so that you do not experience a returned payment.