Driver's License Verification
Driver's license copy verifies merchant principal identity for MCA underwriting and fraud prevention — required documentation for substantially all MCA submissions and primary input for personal guarantee enforceability.
Why This Matters
Driver's license verification purposes: identity confirmation (matching submission information to government ID), fraud prevention (detecting application fraud through ID inconsistencies), personal guarantee enforceability (establishing legal capacity to sign personal guarantees), and KYC/AML compliance (certain MCA funders subject to BSA requirements). Modern verification includes electronic ID verification through services like Jumio, Persona, or Trulioo, providing real-time validation against government ID databases. ID verification failures account for material percentage of submission rejections.
Frequently Asked Questions
Frequently Asked Questions
Why is government ID required for business funding?
Personal guarantee enforceability requires individual identification. Even when MCA is structured as business obligation, personal guarantees require legally identified guarantors. ID also enables fraud screening against known fraudulent identity databases.
What forms of ID are accepted?
Driver's license is most common; passports, state-issued ID cards, and military IDs also typically accepted. Foreign-issued IDs may be accepted with additional documentation (passport plus visa typically required).