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Application lifecycle

Application lifecycle

Valid application statuses​

  • PENDING - application has been creating and it's waiting for completing
  • RECEIVED_OFFERS - application has received at least one offer.
  • REJECTED - application did not pass our prequalification process.
  • OFFER_ACCEPTED - applicant has accepted an offer from a lender. We've transferred all necessary details to the lender.
  • FUNDS_DISBURSED - applicant signed the contract and funds has been disbursed.
  • CLOSED - application is closed. A new application can be created from this point.

Application creation via Partner API handled by the partner​

Application lifecycle

Only two steps are required to start the application via Partner API:

  • Create an application request
  • Pre-authenticate an applicant request

You can pass the process of filling the application to the applicant or you can use the Partner API to finish the process by using:

  • Upload company documents request
  • Prequalify company request
  • Request offers from lenders request

Each request above is optional so for example you can just upload necessary documents and ask the applicant to provide the remaining details.