Verify the business borrower. Leave the credit decision to credit data.

Before underwriting starts, confirm the entity on the application is real, active and controlled by who it says. After funding, watch every borrower for filed changes. CoverFi never scores, ranks or decides.

• 35.7M businesses
• 52.4M owners & officers
• 55.7M filing events
• 0 scores, ranks or decisions

Entity facts at application. Filed changes after funding.

• Entity verification — Confirm the borrowing entity exists, is in good standing and matches the name, address and formation date on the application.
• Mismatches for review — A name, address or officer that does not match the record is surfaced for a person to look at — a prompt to ask, never a decision.
• Monitoring after funding — Dissolution, revocation, a new officer or a new address shows in your feed the day it is filed.
• Less typing for applicants — Pull registration details through the API so the application starts from the record, not a blank form.

The entity is our subject. The person never is.

Use CoverFi for

• Confirming the borrowing entity exists and is in good standing
• Checking that the signer is an officer on file
• Surfacing dissolved, revoked or brand-new entities for manual review
• Monitoring funded businesses for status and officer changes
• Pre-filling business details on an application

Use a consumer report instead

• Consumer loans, cards, pay-later or any personal credit
• Prequalifying or pre-screening individuals
• Assessing a sole proprietor or personal guarantor
• Using a person’s address history or neighbourhood to price or decline
• Any credit decision about an individual

Records about a business entity are generally outside the FCRA; information about a person used to decide credit is not — including an owner or guarantor. For those decisions use a consumer report with a permissible purpose. Neighborhood profiles are descriptive context and must never be used to price or decline.

From application to payoff.

1. Look up at application — Search by name and state, or call the API with what the applicant typed.
2. Route mismatches to a person — Anything that does not line up goes to a reviewer with the record attached.
3. Monitor after funding — Add funded businesses to a watch list. Changes arrive by digest, webhook or API.

CoverFi is not a consumer reporting agency. Results are informational and may not be used to decide eligibility for credit, employment, insurance, housing or any other FCRA-regulated purpose.

Verify the entity before underwriting starts.

Free account. No credit card. Business lookups open the moment you sign in.

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