The 10 Most Common Compliance Mistakes

Revenue isn't everything. Discover the hidden compliance checks that cause automated denials before a human ever looks at your financials.

Don't let simple administrative errors cost you funding. Review this checklist to ensure your business meets foundational lender compliance standards.

1️⃣ Using a home address or P.O. Box as your primary business address.

2️⃣ Using a personal cell phone number instead of a dedicated business line.

3️⃣ Not having your business phone number listed in the National 411 Directory.

4️⃣ Inconsistencies between your legal business name and your DBA.

5️⃣ Missing or incorrect NAICS/SIC codes on your public filings.

6️⃣ Not having a professional business website and domain-specific email address (e.g., using a @gmail.com address).

7️⃣ Entity not in 'Good Standing' with the Secretary of State.

8️⃣ Licenses or permits are expired or missing.

9️⃣ No dedicated business bank account.

🔟 Mismatched addresses across the IRS, State, and Credit Bureaus.

Find your hidden red flags

Our free Bankability Scan checks your business against the exact criteria lenders use. Discover what's holding you back.

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